Nvidia expects growth of 70% next year

Nvidia expects growth of 70% next year

Nvidia Chief Executive Officer Jensen Huang detailed the structural drivers behind the semiconductor giant’s sustained market dominance and projected revenue trajectory through the end of next year. Facing an increasingly competitive landscape where major technology hyperscalers, leading artificial intelligence research laboratories, and specialized hardware startups are actively developing in-house silicon, Huang maintained that Nvidia’s full-stack…

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Nvidia to invest .5-billion in Taiwan’s MediaTek

Nvidia to invest $3.5-billion in Taiwan’s MediaTek

Nvidia CEO Jensen Huang Nvidia is investing US$3.5-billion in Taiwan’s MediaTek, the latest deal to widen the American chip maker’s financial ties across the AI industry. This week’s move follows Nvidia’s guarantee of up to $105-billion earlier this month for OpenAI’s Ohio data centre lease, and could intensify scrutiny of arrangements in which the chipmaker…

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Nvidia is buying the home of open-source AI

Nvidia is buying the home of open-source AI

Manami Yamada/Reuters Nvidia has agreed to buy Hugging Face, a repository of open-source AI models, for US$12.9-billion, The Information reported on Wednesday (paywall), citing a person with knowledge of the deal. A deal of that size would mark one of Nvidia’s largest acquisitions to date and underscore how the Jensen Huang-led company at the centre…

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Nvidia agrees to .9 billion acquisition of Hugging Face

Nvidia agrees to $12.9 billion acquisition of Hugging Face

Nvidia has agreed to acquire the open-source AI model repository Hugging Face for $12.9 billion, according to a report from The Information. The buyout marks one of the largest acquisitions in Nvidia’s history, signalling CEO Jensen Huang’s confidence that market demand for artificial intelligence infrastructure continues to accelerate. Securing Hugging Face gives the chipmaker strategic…

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Apple knocks Nvidia off its perch

Apple knocks Nvidia off its perch

Incoming Apple CEO John Ternus 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 $4.88-trillion as its shares held steady, while Nvidia was roughly at $4.86-trillion, following a 3.5% decline. The shift…

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