Nvidia Shatters Records as First $5 Trillion Company Amid Stock Market and AI Surge

Nvidia has officially become the first company in the world to achieve a $5 trillion valuation, just three months after it made history by surpassing the $4 trillion market cap milestone.

In comparison, Nvidia’s valuation exceeds the GDPs of India, Japan, and the United Kingdom, as reported by the International Monetary Fund (IMF).

As the U.S. stock market opened on Wednesday, Nvidia’s stock surged to $207.86, boasting 24.3 billion outstanding shares and a market cap of $5.05 trillion. The company’s significant demand for chips, which are essential for advanced artificial intelligence products and software, has played a crucial role in its rapid stock price increase since early 2023.

This week, the overall U.S. stock market has reached several record highs, driven by increased investment in artificial intelligence.

On Tuesday, NVIDIA CEO Jensen Huang announced a massive $500 billion chip order. The company also disclosed a partnership with Uber focused on robotaxis and a $1 billion collaboration with Nokia to advance 6G technology. Furthermore, Nvidia is teaming up with the U.S. Department of Energy to develop seven new AI supercomputers.

Last month, Nvidia revealed plans to invest $100 billion in OpenAI, part of a partnership that will enhance the computing resources for users of the ChatGPT AI chatbot with at least 10 gigawatts of Nvidia AI data centers.

In August, Huang mentioned that Nvidia was discussing with the Trump administration the development of new computer chips tailored for China. Donald Trump stated on Air Force One that he would engage in discussions with Chinese President Xi Jinping regarding Nvidia chips on Thursday.

Reaching this new milestone highlights the impact of the artificial intelligence boom, deemed one of the most significant technological shifts since Apple co-founder Steve Jobs unveiled the first iPhone 18 years ago. Apple capitalized on the iPhone’s success and became the first publicly traded company to hit a $1 trillion valuation, then $2 trillion, and later $3 trillion.

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However, there are growing worries over a potential AI bubble, with Bank of England officials cautioning earlier this month about the increasing risk that tech stocks, buoyed by the AI surge, could face a downturn. The head of the IMF has echoed similar concerns.

Source: www.theguardian.com

Donkey Kong Bonanza Review: A Chaotic Destruction Derby That Shatters Platforming Norms

A The game revolves around Donkey Kong Bananza. As Nintendo’s first significant single-player title for the Switch 2, it raises the standard for quality akin to what was achieved with Breath of the Wild during the original Switch’s debut. Yet, it has also emerged as a delightful diversion for Nintendo enthusiasts, especially considering it comes from the team behind the remarkable 3D Mario series. So, what makes a gorilla in a tie so thrilling, particularly with Bananza preceding another Super Mario Odyssey?

Donkey Kong obliterates those doubts. He takes down many obstacles in Bananza. While it may initially appear as a Mario 64-inspired 3D platformer—complete with thematic worlds where players hunt for giant bananas—DK’s powerful fists reveal that it completely disregards the ordinary terrain. Every landscape is destructible. Smash buttons, pummel his mighty arms through hills, turn pristine fields into muddy craters, and break down stone walls—all while using his strength as a tool for landscaping. He serves not just as a platform mascot but as a level designer fueled by potassium.

The thrill of repeating it… Donkey Kong Bananza. Photo: Nintendo

On a fundamental level, it’s nearly enough to grab your interest. The satisfaction of delivering a well-timed punch is both simple and gratifying. When DK’s fist collides with rock, the Joy-Con 2 Rumble enhances the impact, making every hit resonate as wall debris scatters. You can envision Bananza serving as a digital stress relief, allowing players to hurl rocks at cliffs until they disintegrate into pockmarked lunacy. You can also choose to unleash projectiles from DK’s back to ramp up the hysteria—or act as a mischievous tagger against players trying to escape the chaos.

Beneath the chaos lies a storyline. The existing Kong Clan (featuring cameos that harken back to the playful spirit of classic Donkey Kong Country games) faces off against the villain Mining Kong, who aims to seize the Earth’s nuclear treasure. Amid this, they invite Pauline, the young singer who was once abducted by Donkey Kong in his arcade debut. However, in this iteration, she and DK have developed a stronger connection. She inspires the animal’s extraordinary powers by implanting a catchy earworm in his mind. If the plot details appear hazy, it’s likely because my heart has been replaced by her Latin pop earworm celebrating the joy of being a zebra.

An unusual realm… Donkey Kong Bananza. Photo: Nintendo

This is indeed an unusual world, suggesting a unique approach to platform design. How does one create challenges for a hero who can burrow through laser fences and hammer down barriers that would stop Mario in his tracks? Honestly, it requires a touch of creativity to find the answer. There’s initial chaotic clutter in a setting that can be excavated from all angles. Sometimes, you mine blindly for rewards tied to undisclosed tasks. This serendipity echoes the game’s bold freedom, resonating in the cavernous space you navigate.

Yet, as you traverse from the rolling plains to the treacherous Jounty Lagoon, the stakes elevate. Solid ground serves as protection against toxic swamps, icy lakes, and bubbling lava. Here, as the environment dictates your actions, your approach becomes more deliberate and calculated. As metal caterpillars threaten to devour the potential dangers lurking behind wooden rafts, it becomes evident that Nintendo excels at crafting surprising gameplay dynamics. Boss fights challenge DK to navigate precarious terrains, transforming arenas as combat progresses.

The only shortcoming in these later stages is the sometimes overwhelming nature of Bananza itself. Transformations granting speed, flight, and strength, if integrated into the various challenges or levels designed around them, are a blast. They evoke the memorable elements of Mario’s Odyssey and how seamlessly they were executed. However, when these abilities are pulled from context—acting merely as instant win buttons—they dilute the platform’s ingenuity.

I’m uncertain if Bananza possesses the longevity of Mario Odyssey. While that game thrives with rich content and post-credits adventures, DK will experience more fleeting moments. Forge ahead, explore new ideas, and continue breaking boundaries. The game’s climactic finale features DK demolishing concrete, rubber, watermelon, ostrich eggs, and a treasure trove of Donkey Kong Country references, all while twinkling with glimmering balls. If the weight of Switch 2 lies heavy on its shoulders, it serves as yet another tool to carve out a mark in the gaming universe. His insatiable thirst for destruction is utterly contagious.

Source: www.theguardian.com

Deepseek shatters the AI hype – all bets are now off

In poker, the value of your hand cards is often less important than what your competitors think you might hold. As long as you can convince others you have, you don’t need a Royal Flush.

Openai CEO Sam Altman was well aware of this and played extensive poker during his student days. Following the astronomical success of its generative artificial intelligence tool ChatGPT, the company is confident that it has all the aces to many supporters, and scale is the key to advancement, and betting on this is a great reward. We are telling the world that we will get it.

On January 21st, Altman announced Stargate. It announced a $500 billion plan to build a huge data center for future AI models. As he said in a 2023 interview, “Competing with us is absolutely hopeless.”

But it appears that Chinese AI company Deepseek is now calling his bluff. It has sent shockwaves through Silicon Valley over the past two weeks. This is clearly the best of Openai’s ability, but it releases AI models that are just a small part of cost and computing power? This young startup has many employees like Openai, less than a tenth of them, and US companies have a secret recipe for building AI, or to do so. It hindered the idea that resources were needed.

Deepseek has put the hole in the idea that US companies hold secret recipes for building AI

For those worried about the accumulation of power in Silicon Valley, the arrival of competition is welcome, but Deepseek’s model brings concerns of its own. For one thing, the answer is closely stuck to the Chinese government’s party line. Censorship in real time. Security researchers have warned about this too. There is no robust guardrail for improper use.

Nevertheless, upon arriving at the scene, it is suggested that there is still a major innovation in generative AI. Furthermore, cheaper models that require less computing power should open the door to whole new applications of technology. If there are more players around the table, your stakes won’t be higher.

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Source: www.newscientist.com