Nvidia Soars to $1 Trillion Market Cap on the Back of AI Hype

Historically, Nvidia has made its money in chips and software, churning out a variety of GPUs and APIs to supply computers across the world with necessary parts and programs. With the need for increased computing power to support new data-intensive programs like ChatGPT, Nvidia isinfrastructure that make AI software even possible.

But the company has also invested in its own automated tools. Over the weekend, the company announced a number of new AI products, including a new “AI supercomputer”—the —that is designed to help companies develop their own large language models like ChatGPT and Google Bard.“We’re now at the tipping point of a new computing era with accelerated computing and AI that’s been embraced by almost every computing and cloud company in the world,” said Nvidia founder and CEO Jensen Huang,in Taiwan on Monday. “DGX GH200 AI supercomputers integrate NVIDIA’s most advanced accelerated computing and networking technologies to expand the frontier of AI,” he proffered.

The industry frenzy over AI is ongoing, even as regulators worry that the technology could upend entire sectors of society. On Tuesday, a cadre of tech industry leaders once again came forward

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