Nvidia CEO Jensen Huang praised OpenAI co-founder Ilya Sutskever for his groundbreaking work in deep machine learning. Sutskever, who left OpenAI after a failed attempt to remove CEO Sam Altman, was credited by Huang for his role in the development of the AlexNet convolutional neural network (CNN) in 2012. The AlexNet model, created by Sutskever … Read more
Nvidia has signed a deal with Qatari telecoms group Ooredoo to deploy its artificial intelligence technology in data centers across five Middle Eastern countries. This marks Nvidia’s first major launch in the region, as Washington has restricted the export of advanced American chips to prevent Chinese companies from accessing cutting-edge AI technology through Middle Eastern … Read more
Chip manufacturer Nvidia is set to launch its products in the Middle East despite ongoing restrictions on AI exports from the US to the region, according to Ooredoo CEO in a recent statement to Reuters. The move comes as a significant development in the tech industry, as Nvidia gears up to tap into the growing … Read more
Nvidia has signed a significant deal with Qatari telecoms group Ooredoo to deploy its artificial intelligence technology in data centers in six Middle Eastern countries. This move comes as a response to Washington’s restrictions on the export of American chips to the region. Ooredoo will be the first company in the region to offer direct … Read more
Amazon Web Services (AWS) has achieved substantial growth, with CEO Andy Jassy reporting a 13% increase in fiscal 2023 revenue over the previous year, reaching an annualized revenue rate of $100 billion. Jassy highlighted the company’s success in outperforming competitors in the cloud market by adding $1.1 billion in incremental revenue in the fourth quarter … Read more
Recently, SoftBank’s CEO expressed regret over the decision to sell off their stake in Nvidia, which resulted in a loss of $150 billion. This massive loss has raised concerns among investors and industry experts about the company’s financial decisions. SoftBank originally acquired a significant stake in Nvidia, a leading technology company, but ultimately sold it … Read more
Nutanix, Inc. CEO Rajiv Ramaswami sold almost 24,000 shares of Nutanix stock at an average price of $54.19, totaling over $1.2 million. After the transaction, he owns over 400,000 shares worth around $22 million. The company’s stock price opened at $53.42 on Wednesday, with a 50-day average of $62.27 and a 200-day average of $57.91. … Read more
In a recent statement, Senator Elizabeth Warren accused Federal Reserve Chair Jerome Powell of prioritizing the interests of the banking industry over the safety of the financial system. Warren claims that Powell is pushing for significant cuts to capital requirements under the Basel III regulations, which were implemented in response to the 2008 financial crisis. … Read more
Microsoft and Nvidia have been locked in a battle over AI chip design, with tensions reportedly escalating to the point where Microsoft CEO Satya Nadella had to step in to resolve the dispute. The conflict stemmed from Nvidia’s tight control over how its customers, including Microsoft, allocate and install chips. Nvidia CEO Jensen Huang’s control … Read more
In 2024, Safra Catz, the CEO of Oracle, was named one of Barron’s Top CEOs. Catz has served as the CEO of Oracle since 2014 and has been recognized for her leadership and achievements in the tech industry. Under her guidance, Oracle has experienced growth and success, solidifying its position as a leading technology company. … Read more