An 'across-the-spectrum rethink' needed as firms eye use of AI in procurement
The disparity between the relentless hype and its present limitations has left most people sceptical ...
© Randydoi
BLOOMBERG writes:
Nvidia Corp.’s market valuation crossed the $1 trillion threshold on Tuesday after its artificial intelligence prospects vaulted the chipmaker into an elite club of just five American companies.
The stock rose as much as 7.7% early in the session, putting Nvidia well into $1 trillion territory, before paring the gains. Alphabet Inc., Amazon.com Inc., Apple Inc. and Microsoft Corp.are the only other US businesses to have trillion-dollar valuations, and fewer than 10 companies globally have achieved the distinction.
As of 12:48 p.m. in New York, Nvidia’s market capitalization stood at $995.3 billion…
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