Nvidia CEO Jensen Huang has pushed back against investor concerns that triggered a $600 billion market value drop, asserting that the market misinterpreted the significance of DeepSeek’s new AI model.“I think the market responded to R1 as an ‘Oh my gosh, AI is finished,’” Huang said in a pretaped interview for Nvidia partner DDN. The…
Palmer Luckey, the American entrepreneur who sold his AR/VR hardware company Oculus to Facebook and founded defence technology comany Anduril, is skeptical of the recent hype surrounding Chinese AI startup DeepSeek and its claims about the cost of training its AI models. In a Fox Business interview, Luckey criticized the US media for what he…
Despite DeepSeek’s claims, doubts remain about its access to advanced chips. For over two years, artificial intelligence (AI) has driven one of the most dramatic stock market rallies in history. Nvidia, the chipmaking giant and cornerstone of the AI revolution, became synonymous with the soaring optimism surrounding AI’s potential to reshape industries. Yet, on Monday,…
Wall Street faced a major shock on Monday as Chinese AI startup DeepSeek emerged as a formidable competitor, triggering a sell-off in US tech stocks. NVIDIA, one of the biggest beneficiaries of the AI boom, saw its stock plunge by 17.95%, to $117.02 at 3pm EST. This development came after DeepSeek, a Chinese startup founded…
Nvidia CEO Jensen Huang’s single comment about the future of quantum computing triggered a massive selloff on Wednesday (January 8), wiping out approximately $8 billion in market value from quantum computing companies.Major quantum computing players bore the brunt of the selloff. IonQ shares plummeted more than 40%, while Rigetti Computing crashed by over 45%. D-Wave…
TSMC founder Morris Chang revealed in his autobiography that over a decade ago, he approached Nvidia CEO Jensen Huang with an offer to become the CEO of the Taiwanese chip giant. However, Huang declined the proposal within just 10 minutes, stating, “I already have a job,” according to Chang.The 93-year-old published the second volume of…
Nvidia CEO Jensen Huang recently received honorary degree in engineering from the Hong Kong University of Science and Technology. Post the felicitation, Huang participated in a fireside chat with the university’s Council Chairman Harry Sham. The audience comprised students and academics. He talked about a range of topics around AI, Supercomputers, potential restrictions under Donald…
MUMBAI: India has the opportunity to “reinvent” itself from a back office IT cost reduction industry to a front office AI-driven innovation ecosystem as the country has access to all the key resources needed to fuel AI capabilities, Nvidia CEO Jensen Huang said while advocating the need to regulate AI in context of its use….
MUMBAI: Comparisons with the sold-out Coldplay concert here, a slew of collaborations with Indian businesses, and fulsome praises of India’s capabilities in tech marked the first day of Nvidia‘s AI summit in Mumbai on Thursday. The long queues to enter the venue delayed the event by nearly an hour. But that did nothing to dim…
Indian Prime Minister Narendra Modi recently convened a roundtable meeting with a group of top global tech CEOs, including Google’s Sundar Pichai and Nvidia‘s Jensen Huang. During the meeting, Huang lauded Modi as “an incredible student” for his keen interest in technology and AI.“I’ve enjoyed so many meetings with the Prime Minister. He’s such an…
