Tag: AI market

Nvidia artificial intelligence developer conference kicks off with new chips in focus
19Mar By adminNo Comments
Technology

Nvidia artificial intelligence developer conference kicks off with new chips in focus

[ad_1] Artificial intelligence semiconductor powerhouse Nvidia kicked off its annual developer conference on Monday, with investors focused on new chip announcements from Chief Executive Jensen Huang in an afternoon keynote address.Nvidia's new chip and software announcements at GTC 2024 will help determine whether Nvidia can maintain its leadership position as the dominant seller of the tools needed to fuel the past year's frenzy around AI. Nvidia dominates the data center AI chip market, capturing roughly an 80% share last year. Its shares have surged 240% over the past 12 months, making Nvidia the U.S. stock market's third most valuable company, behind only Microsoft and Apple. That stellar rally leaves Nvidia's stock at risk of plummeting back to earth if the Santa Clara, California...
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5 things about AI you may have missed today: Tech Mahindra CEO on AI, Rakuten to invest $10 mn in India on AI, more
8Mar By adminNo Comments
Technology

5 things about AI you may have missed today: Tech Mahindra CEO on AI, Rakuten to invest $10 mn in India on AI, more

[ad_1] Tech Mahindra CEO sees AI as an amplifier of human capabilities, not a job threat; Rakuten to invest $10 mn in India on AI and 6G development; AI knowledge consortium launched by 12 research organizations in India; Zora expands into AI, offering revenue streams for model makers- this and more in our daily roundup. Let us take a look.1. Tech Mahindra CEO sees AI as an amplifier of human capabilities, not a job threatTech Mahindra's CEO, Mohit Joshi, emphasises the transformative power of AI, viewing it as an enhancer of human capabilities rather than a threat to jobs. Speaking at Mobile World Congress 2024, Joshi discusses the company's focus on leveraging AI in auto racing for technology, battery optimization, and enhancing overall experiences. He believes AI expands opportunitie...
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What Bubble? Nvidia Profits Are Rising Even More Than Its Stock
23Feb By adminNo Comments
Technology

What Bubble? Nvidia Profits Are Rising Even More Than Its Stock

[ad_1]  Nvidia Corp.'s blowout earnings report lifted shares and assured the market that artificial intelligence mania is still going strong. It might also make the stock look cheaper.All eyes were on the chipmaker's guidance for signs about the strength of the AI market, and Nvidia didn't disappoint. With the numbers now in, bulls are swiftly calculating the stock's new price-to-earnings ratio, or how much investors are paying for future growth. “Some investors have been scared to buy because they think the stock is too expensive, but that's been a huge mistake,” said James Demmert, chief investment officer at Main Street Research. “Every time it reports, the P/E shrinks because the E ends up being so much stronger than people expect.” Put another way, Nvidia's earnings have been growi...
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Nvidia CEO Touts India as Major AI Market in Bid to Hedge China Risks
22Sep By adminNo Comments
Technology

Nvidia CEO Touts India as Major AI Market in Bid to Hedge China Risks

[ad_1] During a five-day tour of India earlier this month, Nvidia Corp. Chief Executive Officer Jensen Huang visited four cities, dined with tech executives and researchers, took numerous selfies, and sat for a one-on-one conversation with Prime Minister Narendra Modi about the AI sector. Huang's India itinerary was so crammed that he confessed to surviving entire work days on spicy masala omelets and cold coffees.Huang may have been treated like a head of state, but the trip's purpose was all business. For Nvidia, whose graphics processors are vital to the development of artificial intelligence systems, the South Asian nation of 1.4 billion people presents a rare opportunity. As the US increasingly clamps down on exports of high-end chips to China and the world seeks an alternative ele...
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