Nvidia's Share Price Surges Amid OpenAI Partnership
Nvidia, the American tech giant known for its graphics processors and chips, has seen a significant rise in its share price. As of 19:30 Moscow time, Nvidia's shares were up 2.77%, valued at $186.85 per share. This surge comes amidst news of a strategic partnership with OpenAI, the developer of the popular chatbot ChatGPT.
Founded in 1993, Nvidia has made a name for itself in fields such as artificial intelligence, gaming, and automotive. The company, headquartered in Santa Clara, California, has a market capitalization of $4.536 trillion, surpassing both Apple's $3.78 trillion and Microsoft's $3.83 trillion. Nvidia's CEO, Jensen Huang, has announced plans to invest up to $100 billion in OpenAI in September. This investment will be used to build data centers needed for AI model training and deployment, with the combined power of these data centers expected to reach at least 10 GW.
Nvidia's innovations have gained wide use in various sectors. Its graphics processors and other chips have become integral to many industries, including gaming and automotive. The company's partnership with OpenAI, the developer of ChatGPT, is set to further strengthen its position in the AI sector.
Nvidia's share price has risen significantly, reflecting the company's strong financial health and promising future prospects. The strategic partnership with OpenAI, along with the planned investment, signals Nvidia's commitment to advancing AI technology and its readiness to invest in the sector's growth.
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