Tag Archives: artificial intelligence

Robotics developer Serve recently deepened its relationship with Uber Eats to deploy 2,000 bots for food deliveries across the US.  Serve Robotics has expanded its partnership with Uber Eats, deploying as many as 2,000 delivery bots across the United States. Reports state that Serve Robotics’ autonomous sidewalk delivery robots would be on hand to deliver goods via Uber’s platform in several US-based markets. The Serve Robotics-Uber Eats partnership would last until early 2026. Speaking on...

Nvidia believes that generative AI might be the most important computing platform of this generation. Nvidia CEO Jensen Huang has shared some of the prospects of generative AI being a form of artificial intelligence technology that will greatly impact the world. He shared his thoughts on Monday while delivering a keynote speech at the Computex forum in Taiwan. According to Huang, it is the dawn of a “new computing era” where a layman can easily be a programmer. He claims that generative AI...

Cathie Wood stated that NVDA stock is priced ahead of the curve and trading at 25X expected revenue for this year. Ark Invest‘s Cathie Wood, known for taking bold bets on new-age tech companies, has justified their exit from Nvidia (NASDAQ: NVDA) earlier this year. Last Wednesday, May 24, NVDA stock jumped by more than 20% in a single day moving closer to the $400 level. In her tweets on Monday, May 29, the ARK Innovation ETF (ticker ARKK) manager justified the exit from the stock....

China has agreed to work with Japan to promote practical cooperation in key economic and trade areas including advancements in the semiconductor industry. The global geopolitical crisis has significantly impacted the overall development of technology. The ongoing war between Ukraine and Russia, which is estimated to take several years to resolve, has significantly increased the rift between global military superpowers. Moreover, the United States has significantly influenced other nations...

Leading chipmakers MediaTek and Nvidia recently combined resources to “offer a truly unique” in-cabin AI experience in automobiles.  Taiwan’s MediaTek Inc has partnered with US chip-manufacturing giant NVIDIA (NASDAQ: NVDA) to bring enhanced AI tech to automobiles. The partnership seeks to revamp in-car experiences with software-defined, smart cabin solutions using Nvidia’s GPU chiplets. The joint artificial and accelerated computing offerings would be available in a broad vehicle class...

Nvidia has announced that the DGX GH200 supercomputer should be ready by the end of 2023. Jensen Huang, Nvidia CEO, made some announcements about the company’s DGX GH200 supercomputer during his presentation at Computex, an annual computer expo held in Taiwan. He mentioned that the supercomputer is being created to assist companies in creating generative AI models. There has been a noticeable shift toward AI-assisted solutions provided by established and emerging tech companies due to...

The high demand for AI stocks has raised concerns about a possible bubble, as many investors are pumping funds into AI technologies. However, renowned economist Jeremy Siegel believes it’s not yet time for a bubble. Investors are placing big bets on the potential for artificial intelligence (AI) as the technology continues to boom. While some have expressed concerns about a possible bubble forming in the AI market, Jeremy James Siegel, a renowned economist, and Russell E. Palmer, professor...

Due to a favorable forecast and AI adoption, Nvidia has seen explosive growth and could soon hit the trillion-dollar market cap. Nvidia Corporation (NASDAQ: NVDA) is fast approaching the trillion-dollar market cap due to its explosive stock surge. On Thursday, the chip maker’s shares jumped 26% following a robust earnings outlook and increased production scale. Nvidia’s market valuation sits at $950 billion, which is almost $200 million higher than it was at Wednesday’s close. The Santa...

Nvidia recently increased its quarterly earnings guidance on the back of solid demand, also sparking a rally in AI stocks.  The latest earnings outlook of Nvidia Corporation (NASDAQ: NVDA) has triggered a substantial rally in artificial intelligence (AI) stocks. Early Thursday, the chip maker’s stock soared, pulling other AI-exposed companies higher on a better-than-expected sales forecast. Nvidia’s bullish sales forecast originated from surging demand for its AI chips, which has also...

Reputed for being a frontrunner when it comes to AI research and technology, OpenAI has been invested in helping AI-focused startups. American artificial intelligence (AI) company OpenAI may have just closed an investment fund. According to a Securities and Exchange Commission (SEC) filing, the firm raised over $175 million. Reputed for being a frontrunner when it comes to AI research and technology, OpenAI has been invested in helping AI-focused startups. To this end, the platform...