NVIDIA : AI BREAKTHROUGHS HAVE ACCELERATED DRAMATIC GROWTH

Renowned for its pivotal role in graphics processing unit ( GPU ) development for both gaming and enterprise applications , Nvidia has seen a dramatic rise . The company experienced huge AI and generative AI breakthroughs in 2023 , with CEO and Founder Jensen Huang announcing it expected to become the world ’ s first trillion-dollar semiconductor stock .

US INVESTING $ 5BN IN SEMICONDUCTOR R & D AMID AI CHIP SHORTAGE

The United States is to invest over US $ 5bn in semiconductorrelated research , development , and workforce needs with the aim of cutting down on the time and cost of commercialising new technologies , amid ongoing chip shortages prompted in part by the rapid adoption of generative AI .

12 March 2024