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Nvidia CEO Addresses Wall Street’s AI Bubble Concerns During Market Downturn: ‘We Excel at Every Step of AI’

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Global stock markets experienced an upward trend following Nvidia’s impressive third-quarter profits, which surpassed Wall Street forecasts, easing concerns that the AI company’s skyrocketing valuations might have reached their limit.

On Wednesday, all attention turned to Nvidia, the frontrunner in the AI industry and the highest valued publicly traded company globally. Analysts and investors were eager for the chip maker’s third-quarter results, hoping they would dispel worries about an impending bubble in the sector.

Nvidia’s founder and CEO, Jensen Huang, addressed these apprehensions right at the start of the earnings call, emphasizing that a significant transformation is underway in AI, and Nvidia stands at the core of this change.

“Many discuss the AI bubble,” Huang noted. “From our viewpoint, the situation looks quite different. To clarify, Nvidia differs from other accelerators. We shine at every phase of AI, from pre-training through to inference.”

The company consistently exceeded Wall Street’s expectations across multiple metrics, indicating that the substantial AI economic boom is not decelerating. Nvidia announced diluted earnings per share of $1.30 on total revenues of $57.01 billion, which topped investor expectations of $1.26 per share on revenues of $54.9 billion. Sales surged by 62% year over year, with data center revenues reaching $51.2 billion—surpassing the anticipated $49 billion. The company also forecasts fourth-quarter sales to be around $65 billion, exceeding analyst expectations of $61 billion.

During a conference call with investors, Huang outlined three pivotal shifts in platforms: the move from general-purpose computing to accelerated computing, the transition toward generative AI, and the development of agential and physical AI, such as robotics and autonomous vehicles.

“When contemplating infrastructure investments, consider three fundamental dynamics,” Huang stated. “Each one adds to the wealth of infrastructure. Nvidia… facilitates all three transitions, and we do so across all types and modalities of AI.”

He further noted that demand for Nvidia’s chips continues to expand.

“AI permeates everywhere and operates on multiple fronts simultaneously.”

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According to Thomas Monteiro, Senior Analyst at Investing.com, “This clarifies many uncertainties surrounding the AI revolution; the essence is clear: The AI revolution is far from nearing its peak. Despite investor concerns that rising capital expenditures may compel firms to decelerate their adoption cycles for AI, Nvidia continues to demonstrate that data center growth is not merely an alternative but an essential requirement for every tech company globally.”

Analysts and experts expressed confidence that Nvidia would exceed Wall Street’s forecasts but were keenly awaiting further insights regarding industry demand for the company’s AI chips.

“There’s no denying Nvidia maintains its position as the dominant player in AI-centric chips,” noted David Meyer, a senior analyst at the investment platform Motley Fool. “We anticipate that revenue, margins, and cash flow will align closely with analysts’ predictions. However, invaluable insights are more likely to stem from management’s commentary on their market outlook, whether concerning the AI sector or new markets they are exploring.”

In November, Nvidia’s shares experienced a 7.9% decline amid significant investors offloading their holdings. Peter Thiel’s hedge fund teal macro divested its entire stake in the chipmaker in the last quarter, with estimates of around $100 million in assets, according to Reuters. SoftBank also offloaded $5.8 billion worth of its shares, heightening concerns regarding an AI bubble.

Following the news, Nvidia’s shares, having recently achieved the milestone of being the world’s first $5 trillion company, increased by over 5% in after-hours trading, with S&P 500 and Nasdaq futures also climbing. Asian markets rose on Thursday as well.

However, Stephen Innes of SPI Asset Management cautioned: “NVIDIA’s latest forecast has thus far alleviated some of the most intense apprehensions regarding an AI bubble looming over global markets… Nevertheless, this situation still leaves markets precariously balanced between exuberance over AI and the sobering reality marked by debt.”

“We do not believe Nvidia’s growth can be sustained in the long run,” asserted Alvin Nguyen, senior analyst at Forrester. “Although the demand for AI is unmatched, we anticipate Nvidia’s stock growth may slow if market corrections occur, balancing supply with demand, innovation progresses at a slower pace, or companies become acclimated to the current rate.”

Source: www.theguardian.com

How “Beauty Factory” Addresses Two Major Cosmological Mysteries

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“B-mesons assist us in unraveling significant cosmic queries. Why is there a predominance of matter over antimatter?”

sakkmesterke/alamy

Did you know that in the realm of physics, there are facilities dubbed beauty factories? This term doesn’t refer to aesthetics; rather, it describes an experiment where electrons collide with their antimatter equivalents, positrons, to create B-mesons.

B-mesons are constructed from quarks, the building blocks of normal matter. Typically, everyday matter comprises up-quarks and down-quarks, while B-mesons are made up of beauty quarks combined with up, down, charm, or strange quarks.

This unique configuration results in B-mesons having a fleeting existence, seemingly detached from common life. However, their significance lies in the potential answers they hold regarding universal enigmas, such as the imbalance of matter versus antimatter.

We understand that all particles have corresponding antiparticles. Yet, when we observe the universe, we see a predominance of particles, like electrons, overshadowing their antiparticle counterparts, positrons, which are merely identical but with reversed charges.

Mesons are particularly intriguing as they inhabit the space between the prevalent matter and antimatter realms. This positions them as potential keys to unlocking the mystery of the disparity between the two. Grasping this could clarify why the universe holds such a favorable balance of matter when encounters between matter and antimatter typically result in annihilation. The formation of B factories arises from the desire to decode this cosmic puzzle.

The complexity deepens when considering mesons and their own antiparticles. Each B-meson consists of beauty quarks paired with up, down, charm, or strange quarks. Neutral B-mesons, devoid of charge, exhibit oscillatory behavior as they transform between mesons and their antiparticles. In essence, neutral B-mesons exemplify a spontaneous non-binary state.

These neutral B-mesons are pivotal in addressing the asymmetry of matter and antimatter. Their non-binary characteristics are anticipated within the standard model of particle physics, which catalogs known particles. However, we must determine whether these oscillatory states are evenly distributed. Are collisions more likely to yield a meson or its antiparticle? Disparities in these oscillations may shed light on the core asymmetries of matter and antimatter.

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B factories could illuminate the nature of an elusive component: dark matter, which remains unseen in laboratories.
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In 2010, researchers from the Fermilab Dzero collaboration identified a 1% deviation, although subsequent studies haven’t corroborated this result. The exploration of these discrepancies continues to intrigue, particularly as variances emerge in unrelated vibration studies.

B factories may also expand our comprehension of dark matter, an entity detected only through its gravitational effects on visible matter. Approximately 85% of the universe’s mass seems to consist of this invisible material, which the standard model has yet to account for.

Crafting a theory to explain dark matter necessitates postulating new particles or forces, some of which might interact subtly with known particles, complicating detection. These interactions often hinge on mediators—entities that facilitate such connections. While these mediators are elusive, under optimal conditions, they may not be directly observable. However, we can anticipate witnessing decay products, such as electron-positron pairs, serving as indicators. This is where B factories play a crucial role; they are engineered to analyze the outcomes of electron-positron collisions.

In addition to collider physics, the longevity of data acquisition and experiments is particularly captivating. For instance, the BABAR experiment at the SLAC National Accelerator Laboratory closed in 2008, yet researchers continue to sift through its data, educating the next generation of physicists.

In 2022, Brian Schub and his undergraduate team at Harvey Mudd College near Los Angeles revisited ideas involving nearly two-decade-old BABAR data. They proposed that virtual particles, referred to as axions, may function as mediators between visible and dark matter. Long-time readers may recognize that axion research is a focal point of my work.

So, do these hypotheses regarding our universe’ mechanics hold water? This inquiry aligns with our quest to comprehend matter-antimatter asymmetry.

What I’m reading

I’ve just finished Wasim, a student of Gazan physics. Witness to the Hellfire of Genocide, A tragic memoir.

What I’m watching

I’m finally watching The Wire after years of avoidance.

What I’m working on

I am reexamining cosmological perturbation theory.

Chanda Prescod-Weinstein is an associate professor of physics and astronomy at the University of New Hampshire. She is the author of The Disordered Cosmos and future works Edges of Space Time: Particles, Poetry, Boogie in the Universe Dreams

Source: www.newscientist.com

Denmark Addresses Deepfakes by Granting Copyright to Individuals for Their Likeness and Functions

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The Danish government is taking action to curb the creation and distribution of AI-generated deepfakes by revising copyright laws, ensuring that individuals hold rights over their own bodies, facial features, and voices.

On Thursday, Danish officials announced they would strengthen protections against digital imitation of personal identities, marking what they believe to be the first such law in Europe.

With support from a broad coalition across political parties, the Ministry of Culture is set to propose amendments to the existing law for consultation before the summer break, with the intention of submitting the changes in the fall.

Deepfake technology is described as an exceedingly realistic digital representation of an individual, including their appearance and voice.

Danish Minister of Culture, Jacob Engel Schmidt, expressed his hopes that the proposed legislation will convey a “clear message” to Parliament.

He stated to the Guardian: “We collectively send a clear message that everyone has the right to their body, their voice, and their facial features.”

He continued: “Humans can exploit digital duplication techniques for various malicious purposes. I will not accept that.”

The initiative reportedly enjoys support from 9 out of 10 MPs, reflecting rapid advancements in AI technology which have made it simpler than ever to create convincing fake images, videos, or sounds that mimic others.

If passed, the changes to Danish copyright law would allow citizens to request the removal of content from online platforms that is shared without their consent.

Additionally, the law would regulate “realistic and digitally generated imitations” of artistic performances without consent, with violations potentially leading to compensation for affected individuals.

The government has clarified that the new regulations will not interfere with parody and satire, which will still be allowed.

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“Certainly, this is a new foundation for us being dismantled, and we are prepared to take further actions if platforms do not comply,” Engel Schmidt remarked.

Other European nations are looking to follow Denmark’s example. He plans to utilize Denmark’s upcoming EU presidency to share the initiative with his fellow European leaders.

Should tech platforms fail to comply with the new law, they may face “significant fines,” which could escalate to a matter for the European Commission. “This is why I believe high-tech platforms will take this very seriously,” he added.

Source: www.theguardian.com

Google Addresses Fox’s Incursion on the Roof of Its £1 Billion London Office

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Aiming to be a cutting-edge office in central London for Google over the coming decades, the new £1 billion headquarters faces challenges with local foxes, one of the oldest known nuisances to humans.

Valpin assumed control of the rooftop garden at the so-called “Craper of Land” in Kings Cross, which influenced the construction, though the company reported that the impact was “minimal.”

The initial report of fox activity Newsletter London Centric was verified by a source with knowledge of the construction. They relayed to the Guardian that the situation had been observed for three years, starting when foxes began to dig dens on well-maintained grounds.

“There are small holes in the garden,” they mentioned. “We’ve seen her around the building, even from the fifth floor.”

Others reported finding fox droppings on the property of the structure designed by Thomas Heatherwick.




The rooftop garden is estimated to hold 40,000 tonnes of soil and 250 trees. Photo: Tim Robberts/Getty Images

Mosh Latifi, co-founder of Ecocare, a pest control firm based in London, noted they can’t stay away from rodent populations.

“Foxes thrive off rodents. We don’t live more than three meters from the nearest rat,” he remarked, explaining that they have spotted the fox in a building where workers seek out leftover food.

Leaky pipes or plentiful food from local establishments might be sustaining the foxes, suggested another London pest control expert who requested anonymity. “London is a vast playground for foxes; they’ll go just about anywhere,” he stated.

Do you have any information about this story? Email investigations.contact@theguardian.com or use Signal or WhatsApp to message (UK) +44 7721 857 348.

A spokesperson for Google mentioned: “Sightings of foxes at construction sites are quite common, and our King’s Cross project is no exception. Foxes have occasionally been seen on-site, though their presence has been limited and had little effect on the construction progress.”

According to searches using the company’s own search engine, effective ways to deter foxes include removing food sources, installing secure fencing, and sealing any gaps.

This isn’t the first time a costly London construction has faced such an issue. In 2011, a fox named Romeo was discovered at a site. He was found living in the shard, surviving on leftover scraps from construction workers.

Romeo was captured and, after a health check, was released back into the wild.

Facebook also had to deal with a fox family at their Menlo Park headquarters, which gained popularity on social media with a series of stickers introduced for the Messenger app.

Plans for the new Google building were unveiled in 2013, marking it as the first fully owned and designed site by the company outside the United States. The 11-story structure will host up to 7,000 employees.

The 300-meter-long rooftop garden extends along the building, wrapping around the seventh to eleventh floors. It is estimated to contain 40,000 tonnes of soil to support 250 trees, all strategically placed. The garden aims to attract bees, bats, birds, and butterflies, with areas designated for dining, lounge chairs, a fitness zone, and even an indoor pool.

Currently under construction since 2018, the nearly 1 million square foot building is expected to be completed later this year.

In 2022, a topping-off ceremony featuring non-alcoholic pims and exquisite canapés was attended by London Mayor Sadiq Khan and Keir Starmer, representing the Holborn and St Pancras constituencies.

“This project signifies a robust confidence in London, our community, and our flourishing tech sector,” Khan commented at the event.

This article was updated on June 10, 2025, clarifying that foxes are wild animals rather than pests. Additionally, Menlo Park is in the San Francisco Bay Area and not in San Francisco itself.

Source: www.theguardian.com

Coinbase Addresses U.S. Regulatory Lawsuit Regarding Virtual Currencies, Comparable to Beanie Babies | Cryptocurrency

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A federal judge in Manhattan on Wednesday accused Coinbase and U.S. securities regulators of disagreements over whether digital assets are and are not securities in a case closely watched by the crypto industry.

Coinbase opposed classifying cryptocurrencies as securities, arguing that digital coins are like Beanie Babies and more like collectibles than company stock.

“There’s a difference between buying Beanie Babies and buying Beanie Babies,” said William Savitt, a lawyer for Coinbase.


Coinbase has asked a court to dismiss a Securities and Exchange Commission lawsuit alleging that the largest U.S. cryptocurrency exchange is selling unregistered securities in defiance of regulations.

The SEC countered this argument by arguing that purchasing the token amounted to acquiring the issuer’s company.

The SEC argued that the crypto tokens at the center of the lawsuit support larger “companies” and are akin to investment contracts.

“When they buy this token, they are investing in the network behind it. You cannot separate one from the other. As the value of the network or ecosystem increases, [associated] It’s a token,” SEC attorney Patrick Costello said.

Judge Katherine Polk Failla heard arguments from both sides on Wednesday, focusing her questions on case law defining what securities regulators consider investment contracts and the attributes of some crypto tokens traded on platforms such as Coinbase. did. Failla said he was still considering several questions after a hearing that lasted more than four hours and did not decide the issue in court.

The judge’s ruling helps clarify the SEC’s jurisdiction over this area and is likely to impact digital assets. This case is one of many filed by the SEC against the crypto sector. The agency initially focused on companies selling digital tokens, but under the chairmanship of Gary Gensler, it has targeted companies that provide trading platforms, clearing activities, and act as broker-dealers.

The SEC sued Coinbase in June, accusing it of facilitating trades in at least 13 crypto tokens, including Solana, Cardano, and Polygon, which should have been registered as securities.

Although the Securities Act of 1933 outlined the definition of the term “security,” many experts rely on U.S. Supreme Court precedent to determine whether an investment product qualifies as a security. Masu. The key test is whether people are contracted to invest in common companies with the expectation of profit.

Coinbase argued that unlike stocks and bonds, crypto assets do not meet the definition of an investment contract, a position held by the majority of the crypto industry.

SEC lawyers argued that securities are different from buying collectibles like baseball cards or Beanie Babies, citing a 1990s trend in which Americans bought stuffed animals in hopes of rising prices.

“When you buy a collectible item, like a baseball card or some kind of figurine, you’re just buying that item. You’re buying something,” Costello said.

Still, Feira told SEC lawyers that he is “concerned” that the agency is seeking to “expand the definition of what constitutes a security.”

The SEC said buyers of digital assets, even on secondary markets like Coinbase’s platform, are buying tokens as investments similar to stocks and bonds.

However, Coinbase’s lawyers disagreed, pointing out that purchasers of such tokens did not sign a contract giving them the right to receive public corporate profits.

“Let me just say this: I would have been shocked to learn that the investment agreement had nothing to do with the contract,” said William Savitt, a lawyer for Coinbase.

The judge appeared to reject Coinbase’s argument that the case involved the so-called material issue doctrine. This legal principle is based on the Supreme Court’s decision that federal agencies cannot be regulated without specific authorization from Congress.

In its lawsuit, the SEC also targets Coinbase’s “staking” program, which pools assets and charges fees to verify activity on the blockchain network in exchange for “rewards” to customers. The SEC said the program should have been registered with the SEC.

Source: www.theguardian.com