Latest news with #GTC
CNBC
3 days ago
- Business
- CNBC
Europe sets its sights on multi-billion-euro gigawatt factories as it plays catch-up on AI
Europe is setting its sights on gigawatt factories in a bid to bolster its lagging artificial intelligence industry and meet the challenges of a rapidly-changing sector. Buzz around the concept of factories that industrialize manufacturing AI has gained ground in recent months, particularly as Nvidia CEO Jensen Huang stressed the importance of the infrastructure at a June event. Huang hailed a new "industrial revolution" at the GTC conference in Paris, France, and said his firm was working to help countries build revenue-generating AI factories through partnerships in France, Italy and the U.K. For its part, the European Union describes the factories as a "dynamic ecosystem" that brings together computing power, data and talent to create AI models and applications. The bloc has long been a laggard behind the U.S. and China in the race to scale up artificial intelligence. With 27 members in the union, the region is slower to act when it comes to agreeing new legislation. Higher energy costs, permitting delays and a grid in dire need of modernization can also hamper developments. Henna Virkkunen, the European Commission's executive vice president for tech sovereignty, told CNBC that the bloc's goal is to bring together high quality data sets, computing capacity and researchers, all in one place. "We have, for example, 30% more researchers per capita than the U.S. has, focused on AI. Also we have around 7,000 startups [that] are developing AI, but the main obstacle for them is that they have very limited computing capacity. And that's why we decided that, together with our member states, we are investing in this very crucial infrastructure," she said. "We have everything what is needed to be competitive in this sector, but at the same time we want to build up our technological sovereignty and our competitiveness." So far, the EU has put up 10 billion euros ($11.8 billion) in funding to set up 13 AI factories and 20 billion euros as a starting point for investment in the gigafactories, marking what it says is the "largest public investment in AI in the world." The bloc has already received 76 expressions of interest in the gigafactories from 16 member states across 60 sites, Virkkunen said. The call for interest in gigafactories was "overwhelming," going far beyond the bloc's expectations, Virkkunen noted. However, in order for the factories to make a noteworthy addition to Europe's computing capacity, significantly more investment will be required from the private sector to fund the expensive infrastructure. The EU describes the facilities as a "one-stop shop" for AI firms. They're intended to mirror the process carried out in industrial factories, which transform raw materials into goods and services. With an AI factory, raw data goes into the input, and advanced AI products are the expected outcome. It's essentially a data center with additional infrastructure related to how the technology will be adopted, according to Andre Kukhnin, equity research analyst at UBS. "The idea is to create GPU [graphics processing units] capacity, so to basically build data centers with GPUs that can train models and run inference... and then to create an infrastructure that allows you to make this accessible to SMEs and parties that would not be able to just go and build their own," Kukhnin said. How the facility will be used is key to its designation as an AI factory, adds Martin Wilkie, research analyst at Citi. "You're creating a platform by having these chips that have insane levels of compute capacity," he said. "And if you've attached it to a grid that is able to get the power to actually use them to full capacity, then the world is at your feet. You have this enormous ability to do something, but what the success of it is, will be defined by what you use it for." Telecommunications firm Telenor is already exploring possible use cases for such facilities with the launch of its AI factory in Norway in November last year. The company currently has a small cluster of GPUs up and running, as it looks to test the market before scaling up. "The journey started with a belief — Nvidia had a belief that every country needs to produce its own intelligence," Telenor's Chief Innovation Officer and Head of the AI Factory Kaaren Hilsen told CNBC. Hilsen stressed that data sovereignty is key. "If you want to use AI to innovate and to make business more efficient, then you're potentially putting business critical and business sensitive information into these AI models," she said. The company is working with BabelSpeak, which Hilsen described as a Norwegian version of ChatGPT. The technology translates sensitive dialogues, such as its pilot with the border police who can't use public translation services because of security issues. We're experiencing an "intelligence revolution" whereby "sovereign AI factories can really help advance society," Hilsen said. Virkkunen said the region's first AI factory will be operational in coming weeks, with one of the biggest projects launching in Munich, Germany in the first days of September. It's a different story for the gigafactories. "These are very big investments because they are four times more powerful when it comes to computing capacities than the biggest AI factories, and it means billions in investments. Each of these need three to five billion [euros] in investment," the commissioner said, adding that the bloc will look to set up a consortium of partners and then officially open a call for investment later this year. Bertin Martens, senior research fellow at Bruegel, questioned why such investments needed to subsidized by government funds. "We don't know yet how much private investment has been proposed as a complement to the taxpayer subsidy, and what capacity and how big these factories are. This is still very much unclear at this stage, so it's very hard to say how much this will add in terms of computing capacity," he said. Power consumption is also a key issue. Martens noted that building an AI gigafactory may take one to two years — but building a power generation of that size requires much more time. "If you want to build a state-of-the-art gigafactory with hundreds of thousands of Nvidia chips, you have to count on the power consumption of at least one gigawatt for one of those factories. Whether there's enough space in Europe's electricity grid in all of these countries to create those factories remains to be seen... this will require major investment in power regeneration capacity," he told CNBC. UBS forecasts that the current installed global data center capacity of 85 GW will double due to soaring demand. Based on the EU's 20-billion-euro investment and the plan for each factory to run 100,000 advanced processors, UBS estimates each factory could be around 100-150 MW with a total capacity for all of the facilities of around 1.5-2 GW. That could add around 15% to Europe's total capacity — a sizeable boost, even when compared to the U.S., which currently owns around a third of global capacity, according to the data. Following the announcement of the EU-U.S. trade framework, EU chief Ursula von der Leyen said Sunday that U.S. AI chips will help power the bloc's AI gigafactories in a bid to help the States "maintain their technological edge." "One could argue that it's relatively easy, provided you have the money. It's relatively easy to buy the chips from Nvidia and to create these hardware factories, but to make it run and to make it economically viable is a completely different question," Martens told CNBC. He said that the EU will likely have to start at a smaller scale, as the region is unable to immediately build its own frontier models in AI because of their expense. "I think in time, Europe can gradually build up its infrastructure and its business models around AI to reach that stage, but that will not happen immediately," Martens said.
Time of India
5 days ago
- General
- Time of India
Rich tributes paid to martyrs on Kargil Vijay Diwas at 39 GTC
Varanasi: The 39 Gorkha Training Centre (GTC) here observed Kargil Vijay Diwas on Saturday with full military honours, paying rich tributes to the soldiers who made the supreme sacrifice during the 1999 Kargil conflict. The day-long commemoration began with a solemn wreath-laying ceremony at the War Memorial located on the 39 GTC campus. Brigadier Anirban Datta, station commander, led the officers, junior commissioned officers (JCOs), and other ranks in laying wreaths to honour the fallen heroes of 'Operation Vijay'. Following the ceremony, war veterans and Veer Naris (war widows) associated with the Kargil conflict were felicitated by Brigadier Datta and his wife, Jyoti Datta, who also serves as the Senior Director of the Family Welfare Organisation. Their contributions and sacrifices were acknowledged in a heartfelt tribute. A large number of serving soldiers, retired personnel, prominent citizens, and school children attended the event, reflecting the deep respect and gratitude the nation holds for its armed forces. Kargil Vijay Diwas is observed on July 26 every year to mark India's military victory over Pakistan in the Kargil-Drass-Mushkoh sectors. It commemorates the bravery of Indian soldiers, who reclaimed occupied territory at great personal cost during 1999 conflict.
Yahoo
21-07-2025
- Business
- Yahoo
Is Nvidia Stock Too Expensive to Buy Now?
Key Points Data center growth is slated to continue for some time. Nvidia's GPUs are unrivaled in the AI space. Many stocks trade at the same price tag as Nvidia with far less growth. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) has been the top artificial intelligence (AI) stock to own for some time now, but with its latest rise, many investors are concerned that Nvidia's stock is too expensive to buy more shares at the current price. While I understand the hesitation, I think there is a compelling argument that Nvidia isn't expensive when you take a longer view than just a single year. If you can commit to owning Nvidia stock for three to five years, I think there's a good reason to buy the stock right now. However, if you're only looking at a single year, the stock may appear somewhat pricey. Data center expansion will continue to be a massive source of growth Nvidia is the global leader in graphics processing units (GPUs), and it has established this position through superior hardware and unmatched software that allow users to optimize GPUs for various workloads. One estimate pegs Nvidia's data center market share for GPUs at 90%, which underscores just how widely used Nvidia's products are. GPUs aren't just popular for AI workloads; they're used whenever an arduous computing task is involved. Whether it's drug discovery, cryptocurrency mining, engineering simulations, or their original purpose, gaming graphics, GPUs excel at the task because of their ability to process multiple calculations in parallel. Combine that with the ability to connect GPUs in clusters, and their computing power can be quickly amplified. As more data centers are built, the demand for GPUs is expected to rise, which will likely benefit Nvidia's stock over the long term. For 2025, the AI hyperscalers all announced record capital expenditures, with most of the funds going toward data center construction. While this is impressive, the records are likely to be shattered again in 2026, as data center construction spans multiple years. This supports a third-party projection that Nvidia cited during its 2025 GTC conference, stating that 2024 global data center capital expenditures totaled $400 billion but are expected to rise to $1 trillion by 2028. Should that occur, Nvidia's stock has plenty of room to run, as it captures a large portion of that spending. In the company's fiscal-year 2025 (which encompasses most of 2024), its data center revenue totaled $115 billion, which means Nvidia captures nearly 30% of total data center spending. If it can maintain that market share, it has the potential to generate $300 billion from data centers alone, provided the projection comes true. That's a significant upside from today's totals, making today's stock price appear less expensive than it initially seems. Nvidia's stock appears expensive, but so do many others in the market Currently, Nvidia's stock trades at about 40 times forward earnings. That's historically quite expensive, but few companies have been able to sustainably grow as quickly as Nvidia. For Q2, Nvidia expects 50% revenue growth, which is far more than the majority of companies in the market. Furthermore, if you're going to call Nvidia expensive, then there are countless other stocks investors must be cautious with. Stocks like Amazon (NASDAQ: AMZN) (36 times forward earnings), Eli Lilly (NYSE: LLY) (35 times forward earnings), and Costco Wholesale (NASDAQ: COST) (53 times forward earnings) are just as expensive as Nvidia, yet don't have near the growth rate or upside. I think it's safe to say that the broader market is rather expensive as a whole, but with how rapidly Nvidia is growing and how bright its long-term prospects are, I think investors are still safe to pick up shares here, as long as they have the mindset that they're holding for three to five years. If you can keep that time frame in mind, Nvidia is still a compelling investment. Should you buy stock in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Keithen Drury has positions in Amazon and Nvidia. The Motley Fool has positions in and recommends Amazon, Costco Wholesale, and Nvidia. The Motley Fool has a disclosure policy. Is Nvidia Stock Too Expensive to Buy Now? was originally published by The Motley Fool Sign in to access your portfolio
Express Tribune
06-07-2025
- Automotive
- Express Tribune
Nvidia unveils AEON humanoid robot in bid to expand AI power
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, US March 18, 2025. PHOTO: REUTERS Listen to article Nvidia has unveiled its most audacious leap yet—into humanoid robotics. Speaking at the VivaTech conference in Paris last month, CEO Jensen Huang introduced AEON, a full-stack humanoid robot developed in partnership with Swedish engineering firm Hexagon. More than a showpiece, AEON is fully built and operational, positioning Nvidia to extend its dominance from artificial intelligence into the physical world. 'Robotics may become the largest industry in the world,' Huang told the audience in Paris, signalling Nvidia's next frontier. Huang, who once faced skepticism over Nvidia's aggressive AI roadmap, now presides over a company that has become synonymous with the technology. But AEON marks the beginning of what he calls a broader revolution—one that blends Nvidia's AI chips, sensors, simulation software, and robotics platforms into a single end-to-end ecosystem. The company's robotics and automotive division generated $1.7 billion in revenue last year. Analysts expect that figure to soar to over $7.5 billion by the early 2030s, with AEON possibly accelerating those estimates. Read More: Nvidia unveils personal AI supercomputer Project DIGITS at CES 2025 Wall Street is taking notice. Nvidia is now just $50 billion shy of surpassing Microsoft's all-time market valuation, a milestone that could be reached within days. The firm's stock has already climbed 19% this year, despite early headwinds from US chip export restrictions to China. 'Investors are no longer just betting on Nvidia's chips,' one analyst noted. 'They're buying into the future of automation.' Traditionally, Nvidia's strongest financial performance arrives in the fourth quarter—averaging 23% growth, according to Dow Jones data. With AEON's high-profile debut and growing industry buzz, that trend may continue, potentially propelling the company past the $4 trillion valuation mark. The next industrial revolution? As tech rivals such as Apple and Amazon experience plateauing growth, Nvidia is charting new territory. AEON isn't just a robot—it's a symbol of Nvidia's evolving mission: building machines that think, see, and work in the real world. With Huang at the helm, the company that once redefined graphics processing is now positioning itself to reshape the very fabric of work and industry.
Khaleej Times
04-07-2025
- Business
- Khaleej Times
GTC breaks ground on landmark Dubai HQ
GTC has officially broken ground on its new headquarters in Dubai, UAE, marking a pivotal milestone in the company's growth journey. The new GTC Tower will be a state-of-the-art, purpose-built facility that will serve as the hub for the firm's regional operations and future initiatives. The groundbreaking ceremony, held on Tuesday, July 1, 2025, brought together the GTC Executive Team, regional partners, clients, top traders, introducing brokers, and notable figures from the financial industry. More than 300 guests traveled from across the globe to witness this milestone event, underscoring GTC's global influence and reputation. Speaking at the ceremony, GTC's Founder & CEO, Mr. Jack Zheng, shared the vision behind the new development: 'Our new headquarters will represent much more than just a physical space. It will reflect our commitment to growth, transparency, and to building a collaborative environment that empowers our people and partners. ' What sets GTC apart is its bold decision to construct a fully dedicated, purpose-built tower—something only a few brokerages in the UAE have undertaken. The GTC Tower is not just a flagship office; it is a strong statement of long-term intent. It reinforces the company's vision to lead from the front, invest in the future of the financial ecosystem, and cement a lasting presence in one of the world's most dynamic trading hubs. The event featured a symbolic foundation-laying ceremony and remarks from senior leadership, setting the tone for the transformative developments ahead. Once completed, the GTC Tower will serve as a central hub for operations, innovation, education, and collaboration across the MENA region and beyond. 'With construction now underway, GTC Tower is poised to become a landmark not just for our company, but for the entire trading community. From housing our global leadership to hosting industry events and client activations, GTC Tower will be a cornerstone of our growth for years to come. We can't wait to welcome you in,' added Zheng.
