John Rewich
👤 SpeakerAppearances Over Time
Podcast Appearances
And in June, it'll return to court to face school districts suing over claims that social media companies caused a costly mental health and addiction crisis among students.
20% over the prior quarter and were nearly double what they were during the same quarter last year, hitting $81.6 billion.
Most of that came from data centers, which have been going gangbusters.
Major tech companies have been funneling money into artificial intelligence.
It makes the world's most popular chips for training and deploying AI models.
CEO Jensen Huang said demand has, quote, gone parabolic.
That's because AI is now doing more productive and valuable tasks through agents or programs that can operate semi-autonomously.
Huang's bullishness aside, NVIDIA is under intense pressure to maintain its soaring growth rate.
Despite the better-than-expected earnings, the company's share price slipped in after-hours trading.
Musk helped found the company and put in $38 million.
but he left in 2018 after a dispute over who would run the for-profit.
He's seeking a rollback of the for-profit entity and the ouster of Altman and Brockman, changes that could reshape one of the most important AI companies in the world.
According to the White House, more than a dozen top U.S.
executives will be on the trip this week, including Apple's Tim Cook, Boeing CEO Kelly Orteg, and Elon Musk of Tesla and SpaceX fame.
Musk also co-led Trump's Department of Government Efficiency early in his second term.
There are financiers in the group, too, from BlackRock, Blackstone, Citigroup, and Goldman Sachs.
This trip will be the first to China by a U.S.