logo
Nvidia CEO Jensen Huang discusses AI's future at GTC 2025

Nvidia CEO Jensen Huang discusses AI's future at GTC 2025

Independent18-03-2025
Nvidia founder Jensen Huang kicked off the company's artificial intelligence developer conference on Tuesday by telling a crowd of thousands that AI is going through 'an inflection point.'
GTC 2025, heralded as 'AI Woodstock,' is being hosted at SAP Center in San Jose, Calif. Huang's keynote has been focused on the company's advancements in AI and his predictions for how the industry will move over the next few years.
Huang said demand for GPUs from the top four cloud service providers is surging, adding that he expects Nvidia's data center infrastructure revenue to hit $1 trillion by 2028. He also announced that U.S. car maker General Motors would integrate Nvidia technology in its new fleet of self-driving cars.
The Nvidia head also unveiled the company's Halos system, an AI solution built around automotive — especially autonomous driving — safety.
'We're the first company in the world, I believe, to have every line of code safety assessed,' Huang said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AI demand expected to boost electronics giant Foxconn's second-quarter profit
AI demand expected to boost electronics giant Foxconn's second-quarter profit

Reuters

time7 hours ago

  • Reuters

AI demand expected to boost electronics giant Foxconn's second-quarter profit

TAIPEI, Aug 14 (Reuters) - Taiwan's Foxconn ( opens new tab, the world's largest contract electronics maker, is expected to report on Thursday that second-quarter profit rose 14% on continued strong demand for artificial intelligence servers. Net profit for April-June for Apple's (AAPL.O), opens new tab top iPhone assembler and Nvidia's (NVDA.O), opens new tab server maker likely came in at T$39.8 billion ($1.33 billion), up from T$35.05 billion a year earlier. Foxconn, formally called Hon Hai Precision Industry, last month reported record second-quarter revenue on strong demand for AI products but cautioned about geopolitical and exchange rate headwinds. Global trade uncertainty could dim the prospects for its outlook this year, as it has a major manufacturing presence in China, though Washington and Beijing this week extended a tariff truce for another 90 days. Most of the iPhones Foxconn makes for Apple are assembled in China, but the bulk of those sold in the United States are now produced in India. The company is also building factories in Mexico and Texas to make AI servers for Nvidia. In its July sales report, Foxconn said while the third quarter should see on-year growth - the company does not provide numerical guidance - the impact of "evolving global political and economic conditions" would need continued close monitoring. Foxconn has also been looking to expand its footprint in electric vehicles, which the company sees as a major future growth generator, though that has not always gone smoothly. Earlier this month, Foxconn said it had struck a deal to sell a former car factory at Lordstown, Ohio, for $375 million, including its machinery, but said it would continue to use the site to make a broader range of products aligned with its strategic priorities. Foxconn has expanded beyond its traditional role as an iPhone assembler in other areas too. Last month it formed a strategic partnership with industrial motor maker TECO Electric & Machinery ( opens new tab to build data centres. Foxconn holds its earnings call at 3 p.m. (0700 GMT) in Taipei on Thursday, where it will also update its outlook for the year. Foxconn's shares have risen 7.9% so far this year, outperforming the broader Taiwan index's (.TWII), opens new tab 5.8% gain. ($1 = 30.0020 Taiwan dollars)

S&P 500, Nasdaq hit new closing highs on rate cut hopes
S&P 500, Nasdaq hit new closing highs on rate cut hopes

Reuters

time9 hours ago

  • Reuters

S&P 500, Nasdaq hit new closing highs on rate cut hopes

NEW YORK, Aug 13 (Reuters) - The benchmark S&P 500 and Nasdaq indexes hit new closing highs for the second straight day on Wednesday on hopes that the Federal Reserve was getting close to a monetary easing cycle. But the market reflected weakness in some technology stocks after the previous day's strong gains. Signs that U.S. tariffs on imports have not fully filtered into headline consumer prices came as a relief for investors this week as they seek insight on the impact of trade uncertainty on the economy. Some large technology stocks including Nvidia (NVDA.O), opens new tab, Alphabet (GOOGL.O), opens new tab and Microsoft (MSFT.O), opens new tab - among the so-called Magnificent Seven stocks - were lower as investors searched for new growth drivers. "Valuations are elevated. I do think, though, at the end of the day, the key will be the delivery of earnings, and that's what we're seeing," said Katherine Bordlemay, co-head of client portfolio management, fundamental equities at Goldman Sachs Asset Management. She said the dispersion of stock-level returns in the U.S. is at one of the higher levels of the last 30 years. Apple (AAPL.O), opens new tab rose as Bloomberg News reported the company is plotting expansion into AI-powered robots, home security and smart displays. According to preliminary data, the S&P 500 (.SPX), opens new tab gained 21.01 points, or 0.33%, to end at 6,466.77 points, while the Nasdaq Composite (.IXIC), opens new tab gained 32.08 points, or 0.15%, to 21,713.99. The Dow Jones Industrial Average (.DJI), opens new tab rose 469.10 points, or 1.06%, to 44,927.71. The Russell 2000 index (.RUT), opens new tab, which tracks rate-sensitive small-cap companies, added more gains to hit a six-month high. Traders are now fully pricing in a 25 basis-point interest rate cut, according to the CME's FedWatch Tool. The central bank last lowered borrowing costs in December. Treasury Secretary Scott Bessent said on Wednesday he thought an aggressive half-point cut was possible, given recent weak employment numbers. Investors were also taking notice of other sectors following the recent tech-led rally in U.S. stocks that has pushed valuations of the S&P 500 above long-term averages. Healthcare stocks (.SPXHC), opens new tab, which have been beaten down for much of the year, led gains among the 11 S&P 500 sectors. Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling with understanding whether tariffs will push up inflation just temporarily or more persistently, which would inform its decision on when to cut interest rates. CoreWeave (CRWV.O), opens new tab, which is backed by Nvidia (NVDA.O), opens new tab, fell sharply after the AI data center operator reported a bigger-than-expected quarterly net loss. Paramount Skydance (PSKY.O), opens new tab jumped as the company won exclusive broadcasting rights to the Ultimate Fighting Championship for seven years.

S&P 500, Nasdaq near record highs on rate cut hopes; Big Tech stocks weaken
S&P 500, Nasdaq near record highs on rate cut hopes; Big Tech stocks weaken

Reuters

time10 hours ago

  • Reuters

S&P 500, Nasdaq near record highs on rate cut hopes; Big Tech stocks weaken

NEW YORK, Aug 13 (Reuters) - The benchmark S&P 500 and Nasdaq hovered near record highs on Wednesday, but the market reflected weakness in some technology stocks after the previous day's strong gains on hopes that the Federal Reserve was getting close to a monetary easing cycle. Signs that U.S. tariffs on imports have not fully filtered into headline consumer prices came as a relief for investors this week as they scour for insight on the impact of trade uncertainty on the economy. Some large technology stocks including Nvidia (NVDA.O), opens new tab, Alphabet (GOOGL.O), opens new tab and Microsoft (MSFT.O), opens new tab - among the so-called Magnificent Seven stocks - were lower as investors searched for new growth drivers. "Valuations are elevated. I do think, though, at the end of the day, the key will be the delivery of earnings, and that's what we're seeing," said Katherine Bordlemay, co-head of client portfolio management, fundamental equities at Goldman Sachs Asset Management. She said the dispersion of stock-level returns in the U.S. is at one of the higher levels of the last 30 years. At 2:23 p.m. EDT, the Dow Jones Industrial Average (.DJI), opens new tab rose 391.83 points, or 0.88%, to 44,850.44, the S&P 500 (.SPX), opens new tab gained 12.63 points, or 0.19%, to 6,458.25 and the Nasdaq Composite (.IXIC), opens new tab gained 22.78 points, or 0.11%, to 21,704.69. The blue-chip Dow was within 1% of an all-time high and the Russell 2000 index (.RUT), opens new tab, which tracks rate-sensitive small-cap companies, added 1.4% to hit a six-month high. Traders are now fully pricing in a 25 basis-point interest rate cut, according to the CME's FedWatch Tool. The central bank last lowered borrowing costs in December. Treasury Secretary Scott Bessent said on Wednesday he thought an aggressive half-point cut was possible, given recent weak employment numbers. Investors were also taking notice of other sectors following the recent tech-led rally in U.S. stocks that has pushed valuations of the S&P 500 above long-term averages. Healthcare stocks (.SPXHC), opens new tab, which have been beaten down for much of the year, led gains among the 11 S&P 500 sectors, with a 1.2% rise. Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling with understanding whether tariffs will push up inflation just temporarily or more persistently, which would inform its decision on when to cut interest rates. CoreWeave (CRWV.O), opens new tab, which is backed by Nvidia (NVDA.O), opens new tab, slumped 17% after the AI data center operator reported a bigger-than-expected quarterly net loss. Eyes were also on developments surrounding the China revenue-sharing deal the U.S. government signed with top chipmakers, which the White House said could be expanded to others in the sector. Paramount Skydance (PSKY.O), opens new tab jumped 38%. The company won exclusive broadcasting rights to the Ultimate Fighting Championship for seven years earlier this week. In geopolitics, traders were keen on a meeting between U.S. President Donald Trump and Russian President Vladimir Putin on the war in Ukraine, scheduled on Friday. Advancing issues outnumbered decliners by a 3.18-to-1 ratio on the NYSE. There were 549 new highs and 47 new lows on the NYSE. On the Nasdaq, advancing issues outnumbered decliners by a 2.27-to-1 ratio. The S&P 500 posted 37 new 52-week highs and two new lows while the Nasdaq Composite recorded 140 new highs and 55 new lows.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store