Nvidia: chipmaker’s strategic AI moves result in a tech position of power
by Johana Bhuiyan from Technology | The Guardian on (#6BZPQ)
The company is now the fifth most valuable in the US after investing in artificial intelligence early on
Nvidia saw its valuation soar to $1tn on Tuesday, making it the fifth most valuable American company and one of the first major corporate beneficiaries of the hype around AI.
The chipmaker has been a major and in some cases dominant player in several industries for years. But no development has raised its profile - and its potential windfall - as much as the current excitement around generative AI.
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