Nvidia Corporation has announced record profits for its latest quarter, reporting a 73% increase compared to the same period last year. The company posted quarterly revenue of $68 billion, largely fueled by strong demand for artificial intelligence (AI) computing solutions. A significant portion of this growth came from Nvidia’s data center segment, which contributed $62…
NVIDIA has finalized a $5 billion investment in Intel, acquiring approximately 214.7 million shares at $23.28 per share in a private placement. The deal, disclosed in a regulatory filing, grants NVIDIA roughly a 4% equity stake in Intel and follows regulatory approval from US antitrust authorities, including the Federal Trade Commission. The private placement allows…
Nvidia and Google have teamed up to introduce an exclusive cloud-gaming upgrade for Chromebook users. The newly announced GeForce Now Fast Pass is designed specifically for ChromeOS devices and will allow players to stream more than 2,000 games from their existing PC libraries — completely free of ads. In a major added benefit, Google has…
Experts question CEO Jensen Huang’s claims that the firm foresaw the AI revolution decades ago Nvidia has officially made history — becoming the world’s first $5 trillion company, with its market capitalization now standing at an astonishing $5.12 trillion. But as CEO Jensen Huang celebrates what he calls a decades-long vision realized, industry experts and…
OpenAI, the company behind ChatGPT, is taking unprecedented steps to secure its position in the global artificial intelligence hardware race, ordering hundreds of billions of dollars’ worth of chips despite its revenues being a fraction of that amount. According to industry reports, OpenAI has committed to purchasing 26 gigawatts of high-end data processors from major…