Nvidia, AI
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The $5 trillion valuation surpasses the total cryptocurrency market value and equals roughly half the size of the pan European Stoxx 600 equities index, Reuters notes. At current prices, Huang’s stake in Nvidia would be worth about $179.2 billion, making him the world’s eighth-richest person.
Nvidia commits $1 billion to acquire a 2.9% stake in Nokia, aiming to build AI-networking infrastructure and signal next-gen connectivity strategy.
Nvidia on Monday announced a $100 billion investment in OpenAI as the two firms partner up on a huge AI infrastructure push. Jensen Huang, chief executive of Nvidia, told CNBC that the deal includes at least 10 gigawatts worth of data centers — enough to ...