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Nvidia Becomes World's First $5 Trillion Company

1 week 3 days ago
Nvidia became the world's first $5 trillion company on Wednesday after its stock climbed 5% in early Wall Street trading to push its market capitalization to $5.13 trillion. The Silicon Valley chipmaker reached the milestone three months after hitting $4 trillion and three years after it was valued at roughly $400 billion before the debut of ChatGPT. Nvidia chief executive Jensen Huang said Tuesday that Nvidia had secured half a trillion dollars in orders for its AI chips over the next five quarters. The stock had already gained 5% on Tuesday and added more than $200 billion to its market value. President Donald Trump said Wednesday he planned to discuss Nvidia's Blackwell chip with China's President Xi Jinping when the two leaders meet later this week. Nvidia's latest generation of graphics processing units is not currently available in China because of US export controls. The company's shares have risen more than 85% in the past six months.

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Gates Retreats From 'Doomsday' Climate View, Prioritizes Aid To Poorest Countries

1 week 3 days ago
Bill Gates is retreating from his earlier warnings about climate change. The Microsoft co-founder now argues that what he called the "doomsday view of climate change" has caused the climate community to focus too heavily on near-term emissions goals and divert resources from addressing poverty and disease in the world's poorest countries. In a blog post, Gates wrote that climate change will have serious consequences but will not lead to humanity's demise. He acknowledges that some climate advocates will call him a hypocrite given his own carbon footprint and his 2021 book warning that climate change could be as deadly as COVID-19 by mid-century and five times as deadly by 2100. The poorest countries receive less than 1% of rich countries' budgets at their highest level and that this share is shrinking as wealthy nations cut aid and low-income countries struggle with debt, he wrote. Rising temperatures are now inevitable and that the current consensus suggests Earth's average temperature will be between two and three degrees Celsius higher than 1850 levels by 2100.

Read more of this story at Slashdot.

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