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Nvidia’s share price briefly surpassed trillion in stock market value due to a surge in its value. The American company produces high-performance chips used in artificial intelligence and has seen its stock double in value since the release of ChatGPT, a chatbot, in November of last year. This week’s increase in the share price was triggered by Nvidia’s forecast of a significant increase in quarterly sales and its assurance to the market that it could increase supplies of its H100 chips, which are used in large-language AI models. Nvidia is receiving orders from a wide range of companies, from cloud-computing providers to online-shopping websites, in their rush to adopt generative AI.
A group of heavyweights who work in AI, including the bosses of Google’s DeepMind and OpenAI, signed a statement warning that “mitigating the risk of extinction from AI should be a global priority,” on the same scale as pandemics and nuclear war. Many scientists think that fears of AI wiping out humanity are overblown and point to less apocalyptic problems with the technology, such as its generation of fake imagery.
Salesforce reported a solid set of quarterly earnings and higher net profit, proving that its turnaround, after a run-in with activist investors over spiraling costs, is working. The share price of the business-software company is up by 68% this year.
2023-06-01 07:58:52
Post from www.economist.com
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