It closed at 39,098.68, surpassing the record of 38,915.87 that was set in December of 1989.
Shares related to computer chips helped
to lead the rally on Feb.
22, AP reports.
On Feb.
21, Nvidia reported that its fiscal Q4
revenue jumped from $6.05 billion to $22.1 billion.
Accelerated computing and generative
AI have hit the tipping point, Jensen Huang, founder and CEO of Nvidia, via statement.
Demand is surging worldwide across
companies, industries and nations, Jensen Huang, founder and CEO of Nvidia, via statement.
Meanwhile, shares in Tokyo Electron, Advantest Corp.
And SoftBank Group Corp.
Were up 6%, 7.5% and 5.1%, respectively.
.
Prior to the recent surge, Japan's
benchmark rate has stayed at -0.1%
for more than 10 years, AP reports.
.
But within the past few months,
Tokyo share prices have risen 15%.
The past year has seen a
44% increase in share prices.
.
As Japanese companies show
signs of change I think investors
are taking a closer look, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'.
The generation is changing, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'
OpenAI and Microsoft Make Plans , for $100 Billion Data Center.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
The project, which could cost $100 billion or more, is reportedly set to launch in 2028.
The tentative cost is roughly 100 times
more expensive than some of the
biggest data centers that exist today. .
Demand for AI data centers has increased due to
the rapid advancement of generative artificial intelligence technology, Reuters reports. .
This is because traditional data
centers aren't as capable of handling
the advanced tasks that AI requires. .
Several supercomputers
would be built across five phases.
"Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched
in the fourth phase, tentatively around 2026.
Microsoft and OpenAI are reportedly
in the third phase currently.
We are always planning for
the next generation of infrastructure
innovations needed to continue
pushing the frontier of AI capability, Microsoft spokesperson, to Reuters .
The cost for the next two phases largely revolves around acquiring expensive AI chips.
In March, Nvidia CEO Jensen Huang said
that the newest "Blackwell" B200 AI chip
will cost between $30,000 and $40,000
Credit: Wibbitz Top Stories Duration: 01:31Published
Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List.
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
According to the Hurun Research Institute's
global rich list, India's financial capital
registered 92 billionaires in 2024. .
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
According to the report, there are a total
of 3,279 billionaires globally in 2024,
an increase of 5% compared to 2023. .
NBC reports that China as a whole still has the
most billionaires overall with 814 in 2024, but
the country lost 155 billionaires compared to 2023. .
China had a bad year.
Wealth creation in China has gone
through deep changes these last few
years, with the wealth of billionaires
from real estate and renewables down, Hurun Research Institute's global rich list report, via NBC.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
According to the report, artificial intelligence
played a significant role in increasing the
number of ultra wealthy people in the U.S. .
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
... the billionaires behind Microsoft,
Google, Amazon, Oracle and Meta
have seen significant surges in
their wealth as investors bet
on the value generated by AI, Hurun Research Institute's global rich list report, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
NVIDIA Sued , Over AI Copyright Infringement.
Authors have sued NVIDIA over NeMo, the company's AI language model that helps to create and train chatbots, Engadget reports.
Authors have sued NVIDIA over NeMo, the company's AI language model that helps to create and train chatbots, Engadget reports.
According to authors Abdi Nazemian,
Brian Keene and Stewart O'Nan, their
books were illegally used to train the AI.
They are seeking a jury trial and want NIVIDIA to pay damages and destroy the dataset that powers NeMo's large language models.
According to the authors, the Books3
dataset copied Bibliotek, a shadow library containing 196,640 pirated books.
In sum, NVIDIA has admitted
training its NeMo Megatron models
on a copy of The Pile dataset. , Via lawsuit against NVIDIA.
Therefore, NVIDIA necessarily also
trained its NeMo Megatron models
on a copy of Books3, because
Books3 is part of The Pile. , Via lawsuit against NVIDIA.
Certain books written by Plaintiffs
are part of Books3— including
the Infringed Works—, Via lawsuit against NVIDIA.
... and thus NVIDIA necessarily trained
its NeMo Megatron models on one or
more copies of the Infringed Works,
thereby directly infringing the
copyrights of the Plaintiffs, Via lawsuit against NVIDIA.
NVIDIA responded to the suit, telling 'The Wall Street Journal,' "we respect the rights of all content creators and believe we created NeMo in full compliance with copyright law.".
OpenAI and Microsoft were hit
with a similar lawsuit last year.
Credit: Wibbitz Top Stories Duration: 01:31Published
During a nighttime training flight, two Japanese navy helicopters, each carrying four crew members, crashed in the Pacific Ocean south of Tokyo, possibly colliding with each other, according to the country's defence minister on Sunday. Tragically, one crew member recovered from the waters was later declared deceased, while rescuers continued to search for the remaining seven who were still missing. The incident occurred late Saturday near Torishima island, approximately 600 kilometres (370 miles) south of Tokyo, involving two SH-60K choppers from the Maritime Self-Defense Force, Defense Minister Minoru Kihara informed reporters.
#JapanHelicopterCrash #NavalTrainingTragedy #PacificOceanAccident #SH60sDisaster #JapaneseNavyLoss #TrainingExerciseTragedy #HelicopterCollision #NavalAviationIncident #PacificTrainingMishap #NavalAviationTragedy
~PR.152~ED.194~GR.125~HT.96~
Twenty-three Chinese swimmers tested positive before the Tokyo Olympics in 2021 but were cleared to compete after it was found to be caused by contamination. BBC Sport
![OpenAI and Microsoft Make Plans for $100 Billion Data Center [Video]](https://video.newsserve.net/300/v/20240401/1371513548-OpenAI-and-Microsoft-Make-Plans-for-100-Billion.jpg)
![Mumbai Becomes Asia's Billionaire Capital on Global Rich List [Video]](https://video.newsserve.net/300/v/20240327/1371125858-Mumbai-Becomes-Asia-Billionaire-Capital-on-Global.jpg)
![NVIDIA Sued Over AI Copyright Infringement [Video]](https://video.newsserve.net/300/v/20240312/1368447272-NVIDIA-Sued-Over-AI-Copyright-Infringement.jpg)
![2 Japanese navy helicopters crash in the Pacific Ocean during training, 1 dead | Oneindia [Video]](https://video.newsserve.net/300/v/20240421/1373317556-Japanese-navy-helicopters-crash-in-the-Pacific.jpg)
