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Nvidia logo in Taipei, Taiwan.

Reuters

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.
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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.

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