Nvidia set to become the world's most valuable company in history
Shares of the leading designer of high-end AI chips were up 2% at $160.4 in morning trading, giving the company a higher market capitalization than Apple's record closing value of $3.915 trillion on December 26, 2024.
(Reporting by Noel Randewich in Oakland, California; Arsheeya Bajwa in Bengaluru and Carolina Mandl in New York; Editing by Dawn Kopecki and Matthew Lewis)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
35 minutes ago
- The National
New York appeals court throws out $464m civil fraud penalty against Donald Trump
A US court on Thursday threw out a $464 million civil penalty against President Donald Trump imposed by a judge who found he fraudulently inflated his personal worth, calling the sum "excessive" but upholding the judgment against him. Five judges of the Appellate Division of the New York Supreme Court said the fine "violates the Eighth Amendment of the United States Constitution", which prohibits excessive or cruel punishments and penalties. The panel was sharply divided, issuing 323 pages of concurring and dissenting opinions with no majority. Rather, some judges endorsed parts of their colleagues' findings while denouncing others, enabling the court to rule. Judge Arthur Engoron ruled against Mr Trump in February last year at the height of his campaign to retake the White House, which coincided with several active criminal prosecutions that the Republican slammed as "lawfare". Mr Trump celebrated the Thursday decision, calling the case a "political witch hunt". "A great win for America," he wrote in a post on his Truth Social platform. In a subsequent post, he wrote: "This was a Case of Election Interference by the City and State trying to show, illegally, that I did things that were wrong when, in fact, everything I did was absolutely correct and, even, perfect." When Mr Engoron originally ruled against Mr Trump, he ordered the mogul-turned-politician to pay $464 million, including interest, while his sons Eric and Don Jr were told to hand over more than $4 million each. The judge found that Mr Trump and his company had unlawfully inflated his wealth and manipulated the value of properties to obtain favourable bank loans or insurance terms. Mr Engoron's other punishments, upheld by the appeals court, have been on pause during Mr Trump's appeal, and the President was able to hold off collection of the money by posting a $175 million bond. Alongside the financial hit to Mr Trump, the judge also banned him from running businesses for three years, which the President repeatedly referred to as a "corporate death penalty". State Attorney General Letitia James, who brought the initial case, can now appeal to the state's highest court, the New York Court of Appeals. 'Plainly, her ultimate goal was not 'market hygiene' ... but political hygiene, ending with the derailment of President Trump's political career and the destruction of his real estate business," one of the judges, appointed by a Republican governor to the bench, wrote. "The voters have obviously rendered a verdict on his political career. This bench today unanimously derails the effort to destroy his business.' The civil fraud case was just one of several legal obstacles for Mr Trump as he campaigned, won and segued to a second term as president. On January 10, he was sentenced in his criminal hush-money case to what's known as an unconditional discharge, leaving his conviction on the books but sparing him jail, probation, a fine or other punishment. He is appealing the conviction. And in December, a federal appeals court upheld a jury's finding that Mr Trump sexually abused writer E Jean Carroll in the mid-1990s and later defamed her, affirming a $5 million judgment against him. The appeals court declined in June to reconsider. Mr Trump still can try to get the Supreme Court to hear his appeal. The President is also appealing a subsequent verdict that requires him to pay Ms Carroll $83.3 million for additional defamation claims.
Campaign ME
2 hours ago
- Campaign ME
First look at Campaign Breakfast Briefing: The Future is Now agenda
On Friday, September 12, Campaign Middle East is set to host it's 2025 edition of the Campaign Breakfast Briefing: The Future is Now at the Metropolitan Hotel Dubai. The half-day event promises a morning packed with insights that dive far deeper the current surface-level media and marketing trends. From reimagining commerce media accountability in the AI age to strategising smarter scale outside walled gardens, the event's agenda includes future-forward topics on the Middle East's media, marketing and advertising landscapes. Early bird tickets are now on sale at a discounted rate of AED 210 for a limited time only. Here's a first look at the event agenda: The morning will kick off at 8 a.m. with registration, breakfast and a networking session. Following this, here's how the day will progress: 9:00am: Welcome Address by Nadeem Quraishi, Publishing Director, Campaign Middle East 9:05am: Chair's Opening Remarks by Anup Oommen, Editor, Campaign Middle East 9:15am: Fireside chat: Acceleration with accountability – conversing commerce media at the speed of AI 9:30am: Panel: Scaling smart: Can the Open Web compete in a platform-dominated world? This panel will tackle the systemic advantages of platform scale, the role of AI in leveling the playing field (or not), and how agencies and publishers can simplify buying, modernize planning, and unlock smarter performance across fragmented environments. 10:00am: Panel: Hybrid humanity: Co-pilots and agentic AI colleagues This panel will explore the key requirements of human expertise: creative and critical thinking; strategic vision and brand stewardship; cultural intelligence and compliance oversight; and emotional resonance and ethical governance. 11:00am: Closing comments by Anup Oommen, Editor, Campaign Middle East 11:05am: Networking session Why attend the Campaign Breakfast Briefing: The Future is Now? The Campaign Breakfast Briefing: The Future is Now saw more than 100 marketers and industry professionals gather in attendance at the event. The audience was made up of brand marketers, digital and adtech players, media publishers and more. Along with the exclusive networking opportunities, the event is an exclusive platform for unparalleled learning from industry leaders. Current speakers set to take the stage include Ravi Rao, Managing Partner, Giacomo Ziani, Senior VP – Corporate Marketing & Communications, G42 and Anis Zantout, Executive Director – Digital Innovation, Dubai Holding Entertainment. The Campaign Breakfast Briefing: The Future is Now event page will announce more speakers in the coming weeks.
Zawya
5 hours ago
- Zawya
Honeywell Global Survey: Middle East retailers investing in AI to streamline operations, boost customer experiences
Middle East leading the way on adoption of augmented reality for retail Dubai — Honeywell (Nasdaq: HON) today released its Global Retailer Technology Survey, which found that the Middle East's major retailers are fully invested in artificial intelligence (AI) and its potential to make operations more efficient. Over three-quarters (76%) of in-region retailers are already using AI, with plans to either expand it in the near future (58%) or maintain current usage of the technology (18%). The survey also highlights how Middle East retailers are thinking about AI use, from merchandising to customer service and last-mile delivery. Middle East retailers said procurement (48%), customer experience (46%) and demand planning (34%) were the areas that stand to benefit most from AI and digitization. Survey respondents attributed more value to AI for procurement than other regions did (+20%). By contrast, fewer retailers in the Middle East than in other regions said AI had the potential to accelerate their sales and marketing efforts (26% and 30% in the Middle East vs. 34% and 37% globally). 'Across the Middle East, AI has tremendous potential to enhance the omnichannel shopping journey by creating hyper-personalized experiences for customers,' said George Bou Mitri, Honeywell Industrial Automation's president for the Middle East, Turkey, Africa, and Central Asia region. 'We are also seeing AI's ability to streamline critical retail processes throughout the supply chain in the region, bringing many benefits to retail operations.' Other advanced technologies are also making an impact on the retail landscape in the Middle East. The region is leading the way on adoption of augmented reality (AR)—helping shoppers or employees visualize a product in a space—with 40% of surveyed retailers using the technology compared to 31% globally. In addition, 36% of Middle Eastern retailers are using machine and camera vision (CV) technologies and 30% are using optical character recognition (OCR). OCR can significantly speed up retail workflows when replenishing the shelf inventory or identifying mislabeled prices by quickly reading labels and other product information. CV can help mitigate the growing challenge with retail shrinkage. While survey results show overall continued momentum for AI, retailers in the Middle East expressed some concerns about its adoption. The top anticipated challenges for future AI implementation in the region included complexity of AI models (64%), regulatory compliance (40%) and workforce adaptation (40%)—suggesting there is an opportunity for retailers to demonstrate to their associates the benefits AI can bring. While customer acceptance was cited as a potential roadblock to AI adoption by 40% of global retailers, only 34% of respondents in the Middle East said it would be a challenge for future AI implementation within the retail sector. Honeywell's Global Retailer Technology Survey focused on large retailers throughout the U.S., Europe, Latin America, India and the Middle East and how they are using advanced technologies throughout their operations, including AI, automation, augmented reality, machine vision and sensors. Middle Eastern retailers participating in the survey were located throughout the Kingdom of Saudi Arabia and United Arab Emirates and had a minimum annual revenue of $5 million USD. To learn more about the survey results and how Honeywell technologies are helping to shape the new retail era, please visit Methodology Honeywell commissioned Wakefield Research to conduct the Global Honeywell Retailer Technology Survey in May 2025. This Omnibus survey polled 450 executives at large retailers about their use of AI and other technologies via an email invitation and online survey. The following markets are represented in survey data: the United States, United Kingdom, Germany, Brazil, India, United Arab Emirates and the Kingdom of Saudi Arabia. The threshold of 'large' retailer varied by country, ranging from a minimum annual revenue of $100 million in the U.S. to minimum annual revenue of $5 million in the UAE and KSA. About Honeywell Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit Media Contact: Nemer Barakat
