SoftwareAIThe future is here whether you want it or not as AI briefly makes Nvidia the 4th most valuable corporation on Earth with a $1.83 trillion market capWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.

SoftwareAIThe future is here whether you want it or not as AI briefly makes Nvidia the 4th most valuable corporation on Earth with a $1.83 trillion market capWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.

When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.

Jensen Huang, President of Nvidia holding the Grace hopper superchip CPU used for generative AI.(Image credit: Walid Berrazeg/SOPA Images/LightRocket via Getty Images)

TAIPEI, TAIWAN - 2023/06/01: Jensen Huang, President of NVIDIA holding the Grace hopper superchip CPU used for generative AI at supermicro keynote presentation during the COMPUTEX 2023. The COMPUTEX 2023 runs from 30 May to 02 June 2023 and gathers over 1,000 exhibitors from 26 different countries with 3000 booths to display their latest products and to sign orders with foreign buyers.

If AI’s good for anything, it’s for allowing tech companies to summit new,Mansa Musa-like heights in their various market caps. Last month,Microsoft rode the AI boomto a $2.9 trillion valuation, pipping Apple to the post as the most valuable corporation on Earth. And now Nvidia’s getting in on the fun, too.

Bloombergreports that Nvidia briefly overtook Amazon yesterday, hitting a market cap of $1.83 trillion in a rally that saw it briefly become the fourth most valuable company in the world behind Alphabet ($1.84 trillion), Apple ($2.89 trillion), and Microsoft (currently $3.09 trillion).

Even more wild, that’s a level of revenue the company has reached in under a year: Around February/March 2023, Nvidia’s data centre chip revenue was about even with Intel’s at $4 billion. No wonder, then, that the company found itself beating out Bezos in the scrum of yesterday’s markets, albeit briefly.

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Nvidia’s AI assistant named Project G-Assist

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Harrowing report alleges years of horrific abuse at Brandoville Studios, an Indonesian support studio that worked on Assassin’s Creed Shadows and The Last of Us Remake

The dual protagonists of Assassins Creed Shadows stand silhouetted against a setting sun.

Harrowing report alleges years of horrific abuse at Brandoville Studios, an Indonesian support studio that worked on Assassin’s Creed Shadows and The Last of Us Remake

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