Nvidia chief executive Jensen Huang has declared, 'we are at the beginning of a new industrial revolution' due to the surging corporate demand for artificial intelligence technology
Nvidia chief executive Jensen Huang has declared, “we are at the beginning of a new industrial revolution” due to the surging corporate demand for artificial intelligence AI technology. The quasi-celebrity billionaire, notorious for his signature leather jacket, said the work by companies like OpenAI and Google in developing advanced AI systems known as frontier models is “really, really important.” But he went on to say that the ability to manufacture intelligence at scale is new.
On Monday, Nvidia’s shares began trading after a 10-for-1 stock split based on Friday’s closing price of $1,210. This does not affect the company’s valuation or performance but it makes the stock more accessible to retail investors by lowering the price per share. The Nasdaq-listed company with a market cap of $3.08t £2.
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