US approves NVIDIA H200 chip exports to China
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Nvidia, Eli Lilly plan AI drug innovation lab
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It was just three months ago that Nvidia turned heads in the tech world with the DGX Spark, a $4,000 desktop supercomputer that was meant to help democratize AI beyond corporate giants. Things move fast in the AI world, though, and the company has another, more powerful model coming to market in the next few months.
The announcements reflect a calculated shift from discrete chip sales to integrated systems that address enterprise infrastructure bottlenecks.
Gamers have now upscaled Hellblade II: Senua's Saga from 720p to 4K with impressive clarity. Maybe not quite as good as native, but not far off. They also upscaled a 240p render from Elder Scrolls IV: Oblivion to 720p, transforming it from a pixelated mess to a functional game.
The average Wall Street analyst projects $320 billion in revenue for fiscal year 2027, at Nvidia's current 53% profit margin, which would equate to $170 billion in profits by the end of the fiscal year. Nvidia's current price-to-earnings ratio is 46, which is actually cheaper than it has been over the past few years.
AI chip startup Etched raised about $500 million in a new funding round, according to people familiar with the matter, part of an effort to compete with Nvidia Corp. in the booming market for artificial intelligence processors.
Billionaire Nvidia board member Tench Coxe and his wife Simone are donating $100 million to the University of Texas Medical Center in Austin.
Peter Thiel is a legend in Silicon Valley. He was one of the founders of PayPal, after which he went on to co-found Palantir. He was also one of the first outside investors in Facebook (now Meta Platforms ), so he also has a sharp eye for investment opportunities.