scroll to top arrow or icon

{{ subpage.title }}

Nvidia logo in Taipei, Taiwan.


Hard Numbers: Nvidia soars, Salesforce’s UK investment, step up for your eye exam, More millionaires (more problems?), Apple’s rebound

3 trillion: Nvidia stock briefly surpassed $3 trillion in market capitalization this week ahead of a 10-for-1 stock split that’ll make their share price much cheaper. The chipmaker, which is the third most valuable company in the S&P 500 behind Microsoft and Apple, has become a major beneficiary of the AI boom because of its powerful GPU chips. Stock splits don’t affect the value of a company’s stock, but make the share price more palatable for retail investors.
Read moreShow less

Demis Hassabis, CEO of DeepMind Technologies and developer of AlphaGO, attends the AI Safety Summit in Bletchley Park, near Milton Keynes, Britain, November 2, 2023.

REUTERS/Toby Melville/Pool

Hard Numbers: Google’s spending spree, Going corporate, Let’s see a movie, Court-ordered AI ban, Energy demands

100 billion: AI is a priority for many of Silicon Valley’s top companies — and it’s a costly one. Google DeepMind chief Demis Hassabis said that the tech giant plans to spend more than $100 billion developing artificial intelligence. That’s the same amount that rival Microsoft is expected to spend in building an AI-powered supercomputer, nicknamed Stargate.

72.5: The free market is dominating the AI game: Of the foundation models released between 2019 and 2023, 72.5% of them originated from private industry, according to a new Staford report. 108 models were released by companies, as opposed to 28 from academia, nine from an industry-academia collaboration, and four from government. None at all were released through a collaboration between government and industry.

Read moreShow less

Subscribe to our free newsletter, GZERO Daily