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Technology giant Nvidia has overtaken Saudi Aramco to become the world’s third-largest company by market capitalization.
This puts Nvidia only in third place behind big tech companies like Microsoft and Apple. This shows the attractiveness of investing in the technology industry, particularly in the areas of artificial intelligence (AI) and chip manufacturing. Nvidia’s market capitalization is currently $2.053 trillion, while Saudi Aramco’s market capitalization is $2.046 trillion. The process of building and producing computer chips is the powerhouse of up-and-coming AI technology.
Nvidia CEO Jensen Huang spoke on March 1 at the 2024 Stanford Economic Policy Institute Research Summit in Palo Alto, Calif. He said it could be realized within the next year.
Huang, the head of one of the world’s leading manufacturers of artificial intelligence chips used to build systems such as OpenAI’s ChatGPT, is wondering how far it will take to achieve one of Silicon Valley’s long-standing goals: developing computers that can think. He was answering a question at the summit about how long it would take. Like humans. Huang said the answer largely depends on how you define your goals. If the definition is the ability to pass human tests, then artificial general intelligence (AGI) will soon be here, Huang said.
“If I were to give an AI… run every test you can imagine, create a list of those tests, and publish them to the computer science industry, I think in five years it would be successful,” one by one.” said Mr. Huang.
“We’re going to need a lot more fabs, but don’t forget that the algorithms and (AI) processing are also improving significantly over time,” Huang said. He added: “The efficiency of computing is not what it is today. So the demand is this much. I’m improving computing by a million times in 10 years.” .
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