Chipmaking giant Nvidia is in talks with Elon Musk about investing in his fast-growing artificial intelligence startup xAI, a source close to the situation said. XAI — which powers the snarky Grok chatbot on Musk’s X social… Article Source https://nypost.com/2024/11/01/business/nvidia-in-talks-with-elon-musk-about-investing-in-xai-source/
Nvidia has become the world’s most valuable company, surpassing Apple and Microsoft due to the high demand for their artificial intelligence chips. The company’s market capitalization is now $3.34 trillion, with CEO Jensen Huang ranking as the 12th richest person in the world. Nvidia’s chips are utilized by industry leaders such as OpenAI, Tesla, and … Read more
China is making moves to bolster its domestic semiconductor industry by creating the largest semiconductor investment fund in its history, called Gran Fondo III. This fund has raised 344 billion yuan (about $48 billion) from the Chinese central government, banks, and state-owned enterprises. The goal is to circumvent the US government’s ban on chips from … Read more