Jensen Huang, the CEO and co-founder of Nvidia saw his net worth shrink by $9.8 billion on Tuesday. His net worth now stands at $94.6 billion, according to Forbes’ estimates as of early Wednesday. This huge loss in wealth caused Jensen Huang to drop from the 14th to the 16th position on Forbes’ Real-Time Billionaires list placing him below Michael Dell and Jim Walton.
Groq has successfully raised $640 million in a Series D funding round. This funding was led by investors such as BlackRock, with participation from Neuberger Berman, Type One Ventures, Cisco, KDDI and the Samsung Catalyst Fund. This investment brings Groq’s total funding to over $1 billion and also boosts the company’s valuation to $2.8 billion.
Synthesia, an AI-driven video production company backed by Nvidia has introduced a suite of new features that enhance its platform’s capabilities. The company’s new updates include the ability to create AI avatars using a simple webcam or phone, full-body avatars and advanced screen recording tools.
Nvidia’s shares on Wednesday went more than 5% to a record high of $1,224.40. This surge pushed the company’s market capitalization above $3 trillion for the first time, making it the second most valuable company in the United States, surpassing Apple. Microsoft remains the most valuable company.
At Computex 2024, NVIDIA showcased Project G-Assist, an AI assistant powered by RTX technology that provides assistance for PC games and applications. This new technology demo exemplifies NVIDIA’s commitment to leveraging AI to enhance user experiences in gaming and beyond.
Advanced Micro Devices Inc. (AMD) is accelerating the release of its new artificial intelligence (AI) processors to challenge Nvidia Corp.’s dominance in the AI chip market. During the opening keynote address at the Computex 2024 conference, AMD Chief Executive Officer Lisa Su announced a series of new AI chips and processors at various segments from data centers to consumer laptops.
In a event held at the SAP Center in San Jose, California, Nvidia’s CEO Jensen Huang took the stage to reveal the company’s latest breakthrough in artificial intelligence (AI) technology. The announcement centered around the unveiling of Nvidia’s newest chip, the Blackwell B200, the world’s most powerful chip for AI applications.
Nvidia Corporation, a leading chipmaker renowned for its advanced graphics processing units (GPUs), recently announced impressive financial results that triggered a significant rally in AI stocks.
