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Apple dethrones Nvidia to regain title of world’s most valuable company
Shift in pecking order illustrates that investors are reassessing outlook for artificial intelligence Apple overtook Nvidia on Friday to become the world’s most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence. Apple was last valued at $4.88tn as its shares held steady, while Nvidia was roughly…
A viral doomsday scenario aims to shake Europe out of its AI complacency
Does a thought-experiment about US ascendancy in the technology say as much about AI jitters as it does about the reality? It’s 2031 and the US and China are about to tear Europe into pieces. The US ploughed vast sums into datacentres and the EU did not. China built robots and Europe did not. American…
Nvidia launches ‘superchip’ putting AI power into laptops and PCs
Firm says its RTX Spark PC chip for Microsoft Windows will let AI agents replace the mouse and keyboard Business live – latest updates A new front has opened up in the battle for dominance in AI chips, as Nvidia said its latest development could replace the mouse and keyboard in how people use computers.…
Nvidia’s revenue blows past Wall Street expectations as AI boom accelerates
Many analysts view company’s financial performance as a broader referendum on AI buildout Nvidia continued its years-long streak of beating Wall Street’s expectations for growth on Wednesday, reassuring most investors that the AI boom, particularly the global explosion of datacenters, will continue apace. “The buildout of AI factories – the largest infrastructure expansion in human…
Nvidia’s Jensen Huang joins other US bosses on Trump trip to China
Invitation to be part of group including Elon Musk and Tim Cook highlights American AI and tech ambitions The billionaire chief executive of the chipmaker Nvidia, Jensen Huang, has joined Donald Trump’s China delegation after a reported last-minute invitation, highlighting the US’s AI and tech ambitions. Huang will join a roster of US bosses including…
Pentagon inks deals with seven AI companies for classified military work
OpenAI, Google, Nvidia and others agreed to ‘any lawful use’ of their tech. Anthropic, feuding with Pentagon over potential AI misuse, was not included Sign up for the Breaking News US email to get newsletter alerts in your inbox The Pentagon said on Friday it had reached agreements with seven leading artificial intelligence (AI) companies:…
Nvidia quarterly earnings show immunity to AI bubble fears as it cashes in on data center boom
Chipmaker’s quarterly earnings surpassed Wall Street’s expectations every quarter for multiple years now Nvidia released its quarterly earnings on Wednesday, with the chipmaker revealing higher than expected revenues and extending its yearslong streak of surpassing Wall Street’s sky-high expectations. The company receives the vast majority of its revenue from its data center business, which has…
What does the disappearance of a $100bn deal mean for the AI economy?
Apparent collapse of Nvidia–OpenAI tie-up raises questions about circular funding and who will bear the cost of AI’s expansion Did the circular AI economy just wobble? Last week it was reported that a much-discussed $100bn deal – announced last September – between Nvidia and OpenAI might not be happening at all. This was a circular…
Trump imposes 25% tariff on Nvidia AI chips and others, citing national security
The order follows a nine-month investigation and includes broad exemptions for datacenters and consumers Donald Trump on Wednesday imposed a 25% tariff on certain AI chips, such as the Nvidia H200 AI processor and a similar semiconductor from AMD called the MI325X, under a new national security order released by the White House. The proclamation…
Tech titans divided over whether to pay billionaire tax or flee California
State residents worth more than $1bn could face one-off, 5% tax to help fund education, food assistance and healthcare A battle is brewing in California over a plan to tax billionaires – with tech titans divided over whether they should pay up, or flee the state. Under a tax proposal that could be put to…