News

Nvidia reports strong revenue growth at $35.1 billion in AI era  World’s largest company Nvidia reported strong results for its third quarter (ended October 27) at $35.1 billion, up 17 per cent from the previous quarter and up 94 per cent from a year ago.  Nvidia has been a leader in AI, making it the most valuable company in the world with a market capitalisation of over $3.6 trillion. “The age of AI is in full steam, propelling a global shift to Nvidia computing. Demand for Hopper and anticipation for Blackwell — in ful...
Nvidia reports strong revenue growth at $35.1 billion in AI era
Nvidia reports strong revenue growth at $35.1 billion in AI era
Source: IANS
2024-11-21 10:02:57 am
DHL Express, Hilton ranking & AbbVie top world`s 25 best workplaces list in 2024 The transportation and logistics giant DHL Express, hotelier Hilton, and AbbVie have been ranked the top three among the world's 25 best workplaces in 2024, according to the report by Great Place To Work, a global authority on workplace culture, on Monday.  The 2024 World’s Best Workplaces list is based on surveys from over 7.4 million employees worldwide and an in-depth analysis of workplace programmes impacting more than 20 million people globally. These companies range...
DHL Express, Hilton ranking & AbbVie top world`s 25 best workplaces list in 2024
DHL Express, Hilton ranking & AbbVie top world`s 25 best workplaces list in 2024
Source: IANS
2024-11-18 01:48:44 pm
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints  Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been cl...
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Source: Reuters
2024-11-18 08:58:30 am
Samsung to expand chip packaging facilities for HBM Samsung Electronics will expand its semiconductor package facilities in South Chungcheong Province to boost production of high bandwidth memory (HBM) chips, company officials said on Tuesday.  Under a memorandum of understanding with the provincial government, Samsung Electronics will convert an underused liquid crystal display plant owned by Samsung Display Co. in Cheonan, some 85 kms south of Seoul, into a semiconductor fabrication plant, according to the officials. The new facil...
Samsung to expand chip packaging facilities for HBM
Samsung to expand chip packaging facilities for HBM
Source: IANS
2024-11-12 12:11:33 pm
Nvidia surpasses Apple to become world’s largest company in AI era Graphics chip giant Nvidia has become the world’s largest company by market capitalisation, surpassing Apple, in the artificial intelligence (AI) era.  Nvidia was valued at $3.43 trillion at the close of market late on Tuesday, crossing Apple’s $3.38 trillion market value. Jensen Huang-led Nvidia for the first time pushed past Apple in June, though only for a day. The company’s stock rose 2.9 per cent to $139.93, resulting in a market capitalisation of $3.43 tr...
Nvidia surpasses Apple to become world’s largest company in AI era
Nvidia surpasses Apple to become world’s largest company in AI era
Source: IANS
2024-11-06 12:33:01 pm
Nvidia CEO wants SK hynix to advance supply of HBM4 chips by 6 months Nvidia CEO Jensen Huang has asked SK hynix to deliver its next-generation high bandwidth memory (HBM), named HBM4, six months earlier than scheduled amid rising demand for artificial intelligence (AI) computing chips, SK Group Chairman Chey Tae-won said on Monday.  "Last time we met, he asked me to bring forward by six months the supply schedule of HBM4, which had already been set," Chey said in his keynote speech at the SK AI Summit 2024 in Seoul. SK hynix is a key suppl...
Nvidia CEO wants SK hynix to advance supply of HBM4 chips by 6 months
Nvidia CEO wants SK hynix to advance supply of HBM4 chips by 6 months
Source: IANS
2024-11-05 09:17:26 am
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say  Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later, two people familiar with the matter told Reuters. Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years. In recent years, Ambani, Asia's richest man, r...
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say
Exclusive-Ambani`s Reliance Jio IPO set for 2025, retail debut much later, sources say
Source: Reuters
2024-11-04 03:09:31 pm
Aims to make South Korea AI data centre hub in Asia-Pacific: SK Telecom CEO  SK Telecom, the telecommunications arm of SK Group, will push to create an artificial intelligence (AI) data center hub for the Asia-Pacific region in South Korea, its chief executive officer (CEO) Ryu Young-sang said on Monday.  Ryu outlined the vision, dubbed the "AI infrastructure superhighway," centred on creating comprehensive AI infrastructure integrating AI data centres, graphic processing units as a service (GPUaaS) and edge AI. "SK Telecom is working t...
Aims to make South Korea AI data centre hub in Asia-Pacific: SK Telecom CEO
Aims to make South Korea AI data centre hub in Asia-Pacific: SK Telecom CEO
Source: IANS
2024-11-04 09:37:28 am
Samsung Electronics signals progress in HBM chip supply to Nvidia Samsung Electronics on Thursday hinted at the possibility of supplying its advanced high bandwidth memory (HBM) chips to the US AI giant Nvidia in the near future.  The South Korean tech giant has been struggling to have its HBM3E chips pass Nvidia's quality tests, while its local chip making rival SK hynix recently began mass-producing industry-leading 12-layer HBM3E chips, Yonhap news agency reported. "We are currently mass-producing both eight-layer and 12-layer HBM3E p...
Samsung Electronics signals progress in HBM chip supply to Nvidia
Samsung Electronics signals progress in HBM chip supply to Nvidia
Source: IANS
2024-10-31 02:43:26 pm
TCS gains on expanding collaboration with NVIDIA to launch industry-specific solutions Tata Consultancy Services is currently trading at Rs. 4082.20, up by 34.05 points or 0.84% from its previous closing of Rs. 4048.15 on the BSE. The scrip opened at Rs. 4069.90 and has touched a high and low of Rs. 4091.75 and Rs. 4034.00 respectively. So far 38114 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4585.90 on 02-Sep-2024 and a 52 week low of Rs. 3313.00 on 01-Nov-2023. Last one week high and low of ...
TCS gains on expanding collaboration with NVIDIA to launch industry-specific solutions
TCS gains on expanding collaboration with NVIDIA to launch industry-specific solutions
Source: Accord Fintech
2024-10-25 11:32:58 am
Yotta Data Services, Nvidia introduce 6 new AI platform services for Indian firms  Yotta Data Services on Thursday unveiled six artificial intelligence (AI) platform services, in collaboration with global graphics giant Nvidia, under its ‘Shakti Cloud’ platform to accelerate AI adoption for businesses, researchers, and innovators by offering state-of-the-art capabilities at competitive prices.  Announced during the ‘Nvidia AI Summit’ in Mumbai, these AI models will be available through a token-based system and GPU seconds model, making ...
Yotta Data Services, Nvidia introduce 6 new AI platform services for Indian firms
Yotta Data Services, Nvidia introduce 6 new AI platform services for Indian firms
Source: IANS
2024-10-24 12:11:38 pm
Nvidia rolls out Hindi-language AI model in India as CEO Huang visits Chip behemoth Nvidia launched a lightweight artificial intelligence model on Thursday for India's widely-used Hindi language, as it looks to tap into a growing market for AI technologies. Chief Executive Jensen Huang is set to chat with the chairman of conglomerate Reliance Industries, Mukesh Ambani, who is also Asia's richest man, at a conference in the business capital of Mumbai, the California-based company said. Nvidia is rolling out its new small language model, dubbed Nemo...
Nvidia rolls out Hindi-language AI model in India as CEO Huang visits
Nvidia rolls out Hindi-language AI model in India as CEO Huang visits
Source: Reuters
2024-10-24 11:51:48 am
Samsung`s Q3 profit misses expectations on slow chip growth Samsung Electronics on Tuesday estimated its third-quarter (Q3) operating profit nearly tripled, but missed market expectations due to the lukewarm performance of its high-end memory chips used in artificial intelligence (AI) computing.  The world's biggest maker of memory chips expected an operating profit of 9.1 trillion won ($6.8 billion) for the third quarter, up 274.5 per cent from a year earlier, Samsung Electronics said in a regulatory filing. But operating profit retrea...
Samsung`s Q3 profit misses expectations on slow chip growth
Samsung`s Q3 profit misses expectations on slow chip growth
Source: IANS
2024-10-08 09:33:15 am
Qualcomm interested in acquiring rival chip maker Intel Chip giant Qualcomm has reportedly approached rival semiconductor firm Intel about the possibility of acquiring it but has not made any official offer yet.  Multiple reports on Saturday claimed that Qualcomm has been considering a "full takeover" of US semiconductor manufacturer. A report in The Wall Street Journal first revealed that although a deal is “far from certain,” the two companies have held talks on the subject. Both Qualcomm and Intel declined to...
Qualcomm interested in acquiring rival chip maker Intel
Qualcomm interested in acquiring rival chip maker Intel
Source: IANS
2024-09-21 10:32:43 am
US Fed rate cut to drive stocks of AI companies: Experts  Stocks of AI companies are set to bounce as the US Fed Reserve gears up to cut interest rates, a report said on Wednesday.  The AI sector – which is experiencing a dip - is primed for a significant rally, according to Nigel Green of deVere Group. “The AI sector is expected to benefit from the Fed’s shift to monetary easing, opening the door to renewed growth, increased investment, and a surge in innovation,” Green predicted. US central bank’s ...
US Fed rate cut to drive stocks of AI companies: Experts
US Fed rate cut to drive stocks of AI companies: Experts
Source: IANS
2024-09-18 12:21:29 pm
Slowdown in US economy to push FPIs buy more in India As the unemployment rate falls in the US but hiring slows down as Federal Reserve gears up for a rate cut this month, the developments are likely to push foreign portfolio investors (FPIs) increase their investments in India, market experts said on Saturday.  Early September witnessed buying by FPIs mainly due to the resilience of the Indian market. FPIs invested Rs 9,642 crore in equity through the exchanges and Rs 1,388 crore through the ‘primary market and others’ ca...
Slowdown in US economy to push FPIs buy more in India
Slowdown in US economy to push FPIs buy more in India
Source: IANS
2024-09-07 05:24:58 pm
Stocks, oil slide as growth worries resurface Asian shares and global stock futures tumbled on Wednesday while oil prices hit multi-month lows as a sharp tech selloff on Wall Street and resurgent worries about U.S. growth drove investors out of risky assets. Japan's Nikkei led the slump in Asia, falling more than 3%, while MSCI's broadest index of Asia-Pacific shares outside Japan lost 1.6% in early trade. September has historically been a bad month for stocks, though analysts pointed to a confluence of factors behind the r...
Stocks, oil slide as growth worries resurface
Stocks, oil slide as growth worries resurface
Source: Reuters
2024-09-04 08:43:19 am
Asian shares track Wall Street futures lower as Nvidia disappoints Asian shares followed Wall Street futures lower on Thursday as Nvidia's results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive. Investors now await U.S. weekly jobless claims, which have gained prominence given the Federal Reserve's focus on the health of the labour market, as well as inflation readings from Germany and Spain, for clues on rate-cut prospects beyond September. MSCI's broade...
Asian shares track Wall Street futures lower as Nvidia disappoints
Asian shares track Wall Street futures lower as Nvidia disappoints
Source: Reuters
2024-08-29 08:39:15 am
US, Seoul markets down over Nvidia's underwhelming earnings result South Korean shares dropped more than 1 per cent after opening on Thursday, taking a cue from Wall Street losses prompted by an underwhelming earnings result by global artificial intelligence (AI) chip giant Nvidia.  The benchmark Korea Composite Stock Price Index (KOSPI) fell 31.62 points, or 1.18 per cent, to 2,658.21 in the first 15 minutes of trading, Yonhap news agency reported. Overnight in the United States, the Dow Jones Industrial Average fell 0.39 per cent, with the S&...
US, Seoul markets down over Nvidia's underwhelming earnings result
US, Seoul markets down over Nvidia's underwhelming earnings result
Source: IANS
2024-08-28 08:55:39 am
AMD to acquire data centre AI infra provider ZT Systems for $4.9 billion Taking on its closest rival Nvidia while significantly expanding its data centre capabilities, chip giant AMD on Monday said it is acquiring ZT Systems, a provider of AI infrastructure for the hyperscale computing companies, in a cash and stock transaction valued at $4.9 billion.  The strategic transaction includes a contingent payment of up to $400 million based on certain post-closing milestones. AMD said in a statement that it expects the transaction to be “accretive on a ...
AMD to acquire data centre AI infra provider ZT Systems for $4.9 billion
AMD to acquire data centre AI infra provider ZT Systems for $4.9 billion
Source: IANS
2024-08-19 04:20:48 pm
Asian shares subdued, yen hits record low versus euro  Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, although the risk of intervention stemmed further weakness against the U.S. dollar. Treasuries were little changed as caution set in ahead of key U.S. price data on Friday. With the first U.S. presidential debate on Thursday and the first round of voting in the French election at the weekend, investors remain cautious of how political shifts in major economies could impact their positions. ...
Asian shares subdued, yen hits record low versus euro
Asian shares subdued, yen hits record low versus euro
Source: Reuters
2024-06-25 08:58:13 am
Netweb launches AMD-based servers from India manufacturing facility In a fillip to the government’s ‘Make in India’ initiative, technology solutions provider Netweb Technologies on Monday announced the launch of a range of servers from its Faridabad-based manufacturing facility.  With support for up to 6TB memory, the server platforms are designed to harness the capabilities of latest 4th Gen AMD EPYC processors to meet demanding needs of high-performance computing environments and diverse workloads at data centre AI systems. &ldq...
Netweb launches AMD-based servers from India manufacturing facility
Netweb launches AMD-based servers from India manufacturing facility
Source: IANS
2024-06-17 03:39:00 pm
SK Group chairman meets TSMC chief, discusses AI chips SK Group Chairman Chey Tae-won had held a meeting with CC Wei, Chairman of Taiwan Semiconductor Manufacturing (TSMC), in Taiwan and they discussed bolstering cooperation on artificial intelligence (AI) chip technologies, SK Group said on Friday.  SK Group has SK hynix, the world's second-largest maker of memory chips, under its wing. Chey and Wei agreed to enhance the two companies' collaboration on the high-bandwidth memory (HBM) chips, group officials said, reports Yonhap ne...
SK Group chairman meets TSMC chief, discusses AI chips
SK Group chairman meets TSMC chief, discusses AI chips
Source: IANS
2024-06-07 09:47:30 am
Nvidia hits $3 trillion market cap, surpasses Apple on AI boom Al chipmaker Nvidia has surpassed technology giant Apple to become the world's second most valuable company, just behind Microsoft. Nvidia's market cap crossed $3 trillion for the first time due to the AI boom.   Nvidia's shares rose by 5.16 per cent in the last trading session and the company's market cap has reached $3.01 trillion. Apple's shares have increased by 0.78 per cent and its market cap is $3 trillion. Nvidia's stock continues to rise due to i...
Nvidia hits $3 trillion market cap, surpasses Apple on AI boom
Nvidia hits $3 trillion market cap, surpasses Apple on AI boom
Source: IANS
2024-06-06 02:19:55 pm
Smooth progress in testing latest HBM chips: Samsung Samsung, the world's largest memory chipmaker, said on Friday that the testing process of its latest high-bandwidth memory (HBM) chips is proceeding smoothly in cooperation with its customers. Currently, Korean chip giant SK hynix is a strong leader in the global AI market and the biggest supplier to Nvidia. "Samsung Electronics is currently working closely with a number of companies to continuously test the technology and performance," the company said in a statement. ...
Smooth progress in testing latest HBM chips: Samsung
Smooth progress in testing latest HBM chips: Samsung
Source: IANS
2024-05-24 10:17:16 am
Chip giant Nvidia to design new AI chips every year: CEO Chip giant Nvidia, which reported more than $14 billion in profit for the quarter ended April 28, will now design new artificial intelligence (AI) chips every year instead of once every two years.  Nvidia Founder and CEO Jensen Huang said that after the Blackwell AI platform, “we’re on a one-year rhythm.” The chip maker reported a revenue of $26 billion for the quarter, up 18 per cent from the previous quarter and up a massive 262 per cent from a year ago. Huan...
Chip giant Nvidia to design new AI chips every year: CEO
Chip giant Nvidia to design new AI chips every year: CEO
Source: IANS
2024-05-23 10:06:41 am
Yotta Data Services appoints Anil Pawar as Chief AI Officer Digital transformation service provider Yotta Data Services, on Monday, appointed Anil Pawar as the Chief AI Officer and Head of AI Cloud Business Unit. Reporting to Sunil Gupta, Co-founder, MD and CEO, Pawar will lead strategic endeavours within the AI Cloud Business Unit, focusing on leveraging AI, cloud and platform technologies to foster innovation and deliver significant value to customers. “Together, we hope to not just drive growth in the Shakti AI Cloud Business Unit, but ...
Yotta Data Services appoints Anil Pawar as Chief AI Officer
Yotta Data Services appoints Anil Pawar as Chief AI Officer
Source: IANS
2024-05-20 11:22:59 am
Netweb opens high-end computing system manufacturing facility in India, to create hundreds of jobs In line with the government's 'Make in India' initiative, technology solutions provider Netweb Technologies on Friday inaugurated a high-end computing servers, storage and switch manufacturing facility in the country. Located in Faridabad, the facility will enable the company to manufacture high-end computing systems based on the latest chips from Netweb's technology partners such as Intel, Nvidia and AMD. The facility is also expected to create hundreds of local jobs an...
Netweb opens high-end computing system manufacturing facility in India, to create hundreds of jobs
Netweb opens high-end computing system manufacturing facility in India, to create hundreds of jobs
Source: IANS
2024-05-10 04:04:19 pm
Netweb soars on collaborating with NVIDIA to Unlock Potential of AI and High-Performance Computing Netweb Technologies India is currently trading at Rs. 873.00, up by 63.05 points or 7.78% from its previous closing of Rs. 809.95 on the BSE. The scrip opened at Rs. 875.00 and has touched a high and low of Rs. 890.90 and Rs. 870.45 respectively. So far 2851 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 953.00 on 27-Jul-2023 and a 52 week low of Rs. 739.70 on 26-Oct-2023. Last one week high and low of the scri...
Netweb soars on collaborating with NVIDIA to Unlock Potential of AI and High-Performance Computing
Netweb soars on collaborating with NVIDIA to Unlock Potential of AI and High-Performance Computing
Source: Accord Fintech
2023-11-28 10:18:08 am