The A.I. chip company Nvidia said its revenue surged more than threefold to $22.1 billion in the fourth quarter. The company predicted that profits will continue to rise in the current quarter. Nvidia’s valuation has surpassed $1.7 trillion, making it one of the most valuable companies in the world. Its rapid growth has caused its stock market gains to increase by 40%. Although Nvidia has been dominating the A.I. chip industry, other companies are starting to design their own A.I. chips. Additionally, the Biden administration has imposed restrictions on the sale of U.S. chips in China, forcing Nvidia to sell less powerful products in the market.
Nvidia Predicts Ongoing Growth as A.I. Reaches ‘Tipping Point’
Unlikely Industry Player Anguilla Profits Big from A.I. Boom
Artificial intelligence’s integration into everyday life has stirred up doubts and unsettling questions for many about humanity’s path forward. But in Anguilla, a tiny Caribbean island to the east of Puerto Rico, the A.I. boom has made the country a fortune. The British territory collects a fee from every registration for internet addresses that end […]
Read MoreChina Surpasses U.S. in A.I. Talent: A Key Metric
China lags behind the United States in artificial intelligence that powers chatbots like ChatGPT but excels in producing scientists behind new humanoid technologies. New research reveals that China has surpassed the United States as the biggest producer of A.I. talent. The country generates almost half the world’s top A.I. researchers, compared to 18 percent from […]
Read MoreBrands Brace for Impact as TikTok Faces Criticism
Amid debate in Washington over whether TikTok should be banned if its Chinese owner doesn’t sell it, one group is watching with particular interest: the many brands — particularly in the beauty, skin care, fashion, and health and wellness industries — that have used the video app to boost their sales. Youthforia, a makeup brand […]
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