Beijing’s top trade negotiator met the head of Nvidia’s global business operations on Monday, ahead of an expected escalation of US restrictions on China’s semiconductor industry, which reportedly could come as soon as this week. Wang Shouwen, the vice commerce minister who was a key member of China’s trade negotiation team during Donald Trump’s first … Read more
Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, but still failed to meet lofty expectations of some investors who have made it the world’s most valuable firm. Shares of the Santa Clara, California-based company fell roughly 2% in extended trading. They had closed down 0.8% on Wednesday. The company forecast revenue of $37.5 billion, plus … Read more
Intel will lose its spot in the Dow Jones Industrial Average after a 25-year run to Nvidia, S&P Dow Jones Indices said Friday, the latest blow to the struggling chipmaker that was among the first two technology firms to be included in the blue-chip index. Once the dominant force in chipmaking, Intel has in recent years ceded … Read more
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world’s biggest … Read more
NVIDIA CEO Jensen Huang and Reliance Industries Chairman Mukesh Ambani today announced a strategic partnership to build state-of-the-art AI infrastructure in India at the NVIDIA Summit in Mumbai “It is important that we design and build infrastructure so that to use AI our customers don’t have to change their phones or computers but they can … Read more
Nvidia’s Blackwell AI chip, the same one that Nvidia CEO Jensen Huang said had “insane” demand, is now free of a design error that caused a production delay. According to a Wednesday Reuters report, Huang said that the design mistake “was 100% Nvidia’s fault.” “We had a design flaw in Blackwell,” he stated. “It was … Read more
Jensen Huang envisions an AI-powered workforce that will enhance NVIDIA’s productivity. These AI assistants are expected to increase output and support diverse tasks throughout the company’s various divisions. “I’m hoping that Nvidia someday will be a 50,000 employee company with a 100 million, you know, AI assistants, in every single group,” Nvidia CEO Jensen Huang … Read more
Nvidia CEO Jensen Huang presents “Blackwell” at an event ahead of the Computex forum, in Taipei, Taiwan, on June 2, 2024. Ann Wang | Reuters Nvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta, … Read more
Chinese authorities have informally advised local companies to use domestic-made artificial intelligence (AI) chips over those from Nvidia, according to two sources familiar with the matter, as alternative suppliers on the mainland look to catch up with the US tech giant. While there is no official ban on Nvidia’s China-tailored H20 graphics processing unit (GPU), … Read more
In May, Nvidia CEO Jensen Huang said that “the next industrial revolution has begun,” and AI will drive “significant productivity gains.” It looks like he’s right — industry demand for Nvidia’s next-generation AI chip, Blackwell, is through the roof. “Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane,” … Read more
