Jensen Huang's net worth passes Intel's market cap
Number 11 on the Forbes 400 list
OpenAI secures record-breaking $6.6 billion in funding, now valued at $157 billion
The company is one of the three largest venture-backed startups ever
Why it matters: We knew OpenAI was hot, but maybe not this hot. The company has just raised a startling $6.6 billion, leading to a valuation of $157 billion. Even by Silicon Valley standards this is a lot of money. OpenAI is close-lipped about how it will invest the capital, only saying it will accelerate AI research and increase its compute capabilities.
Who were the 3 founders of Apple? Steve Jobs, Steve Wozniak, and ...?
Facepalm: He sold his 10% stake in Apple less than a month later.
OpenAI's Sam Altman dismissed as "podcasting bro" by TSMC over $7 trillion proposal
Altman has been on an AI world tour over the past year
Mark Zuckerberg surpasses Jensen Huang in year-to-date wealth growth following Nvidia share price drop
Huang is still up by $50.2 billion this year
Why are there so many AI accelerators?
And how venture capital moved away from semiconductors
Nvidia Blackwell server cabinets could cost somewhere around $2 to $3 million each
Who is profiting from AI (besides Nvidia)?
Another CrowdStrike-like outage could collapse cashless societies
All-digital systems are dangerous for the global economy, pro-cash organizations say
Big Tech needs to generate $600 billion in annual revenue to justify AI hardware expenditure
The big picture: The tech industry is riding a new high amid a frenzy fueled by AI. Big Tech companies have been plowing huge sums to build out the necessary infrastructure to meet what they perceive demand will be for these products in the coming years. One analyst warns however that the industry needs to stop and consider whether the actual revenue generated by AI will be enough to support these investments.
Steve Ballmer's net worth just passed Bill Gates for the first time ever
Ballmer is now the sixth richest person in the world
Elon Musk's xAI emerges as serious OpenAI rival with $6 billion funding round, supercomputer plans
The supercomputer will be powered by 100,000 Nvidia H100 GPUs
Nvidia reports record revenue amid global AI boom, up 262% year-over-year
Team Green expects the good times to continue
CEO pay hits record highs: Meet the top earners
Half the top CEOs made at least $15.7 million
Nvidia CEO's compensation increases 60%, Jensen Huang is now the 18th richest person in the world
No wonder Huang loves generative AI
Visa: Not all stablecoin transactions are "real"
Visa challenges the legitimacy of stablecoins as a payment technology
Micron set to receive grants totaling over $6 billion for US chip production
An official announcement is expected next week
How Sam Altman became a billionaire without equity in OpenAI
It turns out that when he's not working his day job, Sam Altman is a pretty savvy investor
Despite increasing to $16.8 million, Intel CEO Pat Gelsinger's compensation still pales in comparison to AMD's Lisa Su
Expect Jensen Huang to be the top earner
Indie developers say the Game Pass and Epic Games Store gravy train is over
Comments come via Slay the Spire and Darkest Dungeon developers
Tech layoffs are becoming the new normal
Salaries have also stagnated, layoffs are second only to the dot-com bubble
The big picture: Job cuts in the tech industry last year were attributed to the need to economize, driven by inflation and a hiring spree during the pandemic. So, what's the explanation this year, especially when many of these firms have accumulated a significant amount of cash?
Tech workers are dissatisfied with their six-figure salaries, worried about industry layoffs
Many in the industry think they're worth more
How Arm results set the world on fire
The company's valuation is pushing into "Priced for Perfection" territory
Judge voids Elon Musk's $56 billion Tesla pay package, threatening his position as world's richest person
Musk is now considering changing Tesla's state of incorporation to Texas
"Crypto King" Sam Bankman-Fried convicted of $8 billion FTX fraud, faces up to 110 years in prison
SBF is believed to have been worth over $15 billion at the peak of FTX's popularity
Developers are irate after Unity introduces new per-game install fee
Will Unity backtrack?