Huang on a visit to China
After months of export restrictions, the US tech giant Nvidia is once again allowed to sell its AI chips designed for China in the People’s Republic.
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Increase of 45%
Nvidia CEO Jensen Huang benefits from Nvidia’s success story as the graphics chip giant reaches new financial heights.
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Tightening of export restrictions
With stricter restrictions on the supply of AI chips to China, the US government is causing semiconductor giant Nvidia to lose billions of dollars. Nvidia announced that the company will record a charge of 5.5 billion dollars in connection with inventories and purchase commitments.
Humanoid robots
The chip company Nvidia wants to transfer its dominance in artificial intelligence technology in data centers to the real world with robots. At its in-house developer conference GTC, Nvidia CEO Jensen Huang presented a platform designed to accelerate the development of humanoid robots.
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More computing power required
Nvidia CEO Jensen Huang is dampening expectations of a quick solution to the problem of AI hallucinations. At an event at the Hong Kong University of Science and Technology, the tech manager explained that the industry is still “several years” away from a reliable solution.
AI boom continues
Nvidia has overtaken Apple as the world’s most valuable company for the first time. The chip manufacturer’s market capitalization briefly reached USD 3.53 trillion, narrowly surpassing Apple’s market capitalization of USD 3.52 trillion.
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