Core Viewpoint - Nvidia has become the most valuable public company in the world, surpassing Microsoft and Apple, with a market valuation exceeding $3.3 trillion, driven by its dominance in the AI and GPU markets [1][10]. Company History - Nvidia was founded in 1993 by Jensen Huang and two friends, initially focusing on creating computer chips for realistic 3D graphics in video games [2][4]. - The name "Nvidia" combines "NV" for "next version" and "Invidia," the Latin word for envy, reflecting the company's ambition to outpace competitors [2][3]. Product Development - Nvidia specialized in graphics processing units (GPUs), which became essential for rendering images in video games, distinguishing itself from competitors focused on central processing units (CPUs) [4][6]. - The company's early success included the GeForce graphics card and becoming the exclusive graphics provider for Microsoft's first Xbox [6][7]. Strategic Shifts - Nvidia recognized the potential of GPUs beyond gaming, marketing them for various tech applications and investing heavily in artificial intelligence (AI) in the 2010s [7][9]. - The company established itself in the automotive sector, providing driver-assistance software, with its hardware now present in all Tesla vehicles [7][10]. Market Position - Nvidia's early investments in AI positioned it as a leader in the market, controlling over 80% of the technology used in AI systems [10][11]. - The company's market valuation surged, reaching $2 trillion in February and surpassing Apple to become the most valuable company [10][11]. Recent Developments - Nvidia's stock price increased significantly, adding over $100 billion to its market value in a single day, driven by high demand for its products amid a supply shortage [11][12]. - Analysts noted that while Nvidia currently leads the market, competition is expected to intensify as companies like Microsoft invest heavily in AI [12].

McDonald's is ending its AI drive-thru trial after customers reported errors in their orders - including bacon being added to ice cream. The fast food chain's AI ordering system, developed by IBM, uses voice recognition to process orders and has been rolled out at more than 100 McDonald's locations in the US since 2021. However, the technology's reliability has been called into question in recent months, with members of the public sharing videos of order mix-ups on social media.As well as topping a dessert ...

Microsoft has been dramatically toppled as the world's most valuable public company.Nvidia, which had only overtaken Apple for the number two spot earlier this month, dethroned Microsoft during trading on Tuesday as its shares rose by more than 3%. The stock has risen more than 170% this year given the chipmaker's leading position in the artificial intelligence (AI) race with 80% of the processor market.Money latest:Big inflation moment forecast for tomorrowThe latest upwards move took its market value to $ ...

Tesla Cybertruck buyers have been reporting delivery delays due to an issue with the vehicle's windscreen wipers.Tesla's Cybertruck is a stainless steel electric vehicle that costs between $57,390 (£45,170) and $96,390 (£75,870). Owners pre-order it directly from Tesla and then wait for it to be delivered.Over the weekend, however, buyers waiting for their delivery were told the trucks were delayed by at least a week because of a problem with the windscreen wipers, according to posts on Reddit and a cybertr ...

The Federal Aviation Administration is investigating after a Southwest Airlines flight came within 400ft of the ocean following an aborted landing attempt. The Boeing 737 MAX 8 plunged at a maximum descent rate of about 4,400ft per minute off the coast of Hawaii before climbing back up to safety on 11 April. The plane had been flying between cities from Honolulu to Lihue airport in Kauai, but bad weather conditions prompted pilots to bypass a landing attempt.During the go-around - when a plane flies back up ...

Microsoft won't be releasing its controversial AI Recall feature with the rest of its updates next week.The feature that takes screenshots of users' laptops every few seconds was being investigated by the Information Commissioners' Office over security concerns. In a blogpost on Thursday, Microsoft said Recall won't be "broadly available" from 18 June on Copilot+ PCs but instead, will be released to its testing group Windows Insider Programme "in the coming weeks"."This decision is rooted in our commitment ...

Tesla shareholders have approved Elon Musk's multi-billion-dollar pay package.The package is now worth $44bn (£34bn). The package was once as much as $56bn (£44bn) but has declined in value in tandem with Tesla's stock. The proposal passed despite opposition from some large institutional investors and proxy firms.Onstage at the annual shareholder meeting in Austin, Texas, the billionaire described himself as "pathologically optimistic"."If I wasn't optimistic this wouldn't exist, this factory wouldn't exist ...

Tesla shareholders have approved Elon Musk's $56bn (£44bn) pay package.The proposal passed despite opposition from some large institutional investors and proxy firms. Onstage at the annual shareholder meeting in Austin, Texas, the billionaire described himself as "pathologically optimistic"."If I wasn't optimistic this wouldn't exist, this factory wouldn't exist," Musk said to resounding applause."But I do deliver in the end. That's the important thing." The approval does not, however, resolve a lawsuit on ...

Elon Musk has claimed a "wide margin" of support among Tesla shareholders for a $56bn pay package due to him but which was blocked by a court.A new shareholder vote was ordered after a judge in Delaware ruled in January that the 2018 awards had effectively been controlled by the billionaire, as the board had close personal and financial ties to Tesla's founder and chief executive. The $56bn (£43.4bn) figure - the highest award ever seen in corporate America - does not consist of salary or bonus pots.Money l ...

Elon Musk has moved to drop a lawsuit he filed against ChatGPT maker Open AI and learned he is facing a fresh investor claim relating to his sale of Tesla shares.The tech billionaire, who had launched his complaint early this year, looked to drop the action just 24 hours before a San Francisco judge was to hear a bid by Open AI to have the case thrown out. He had accused the firm, which he co-founded, and its chief executive Sam Altman of abandoning its original mission of developing artificial intelligence ...