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AI demand accelerates NVIDIA market value to $1 trillion

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NVIDIA, a technology company specializing in graphics processing units (GPUs), is expected to reach a market value of $1 trillion by the end of 2021, thanks to the increasing demand for processors in the Artificial Intelligence (AI) technology sector. NVIDIA’s sales have reached a record-breaking $11 billion and its premarket trading value has surged by 29% in recent months.

The demand for silicon wafers in the computing market, particularly in the realm of machine learning, has contributed significantly to NVIDIA’s success. The company is introducing innovative processors that operate at speeds tens and thousands of times faster to keep up with the ever-evolving AI algorithms.

Experts in the trading industry predict that NVIDIA will soon join the exclusive club of trillion-dollar companies, alongside tech giants like Alphabet, Apple, and Microsoft, who have already achieved this remarkable milestone.

However, the unrestrained development of AI technology without proper limitations and legal boundaries raises concerns. Eric Schmidt, former CEO of Google, warns against the potential misuse of smart AI-enabled products, suggesting they could be used for harmful purposes.

Key points:

is a commonly used HTML tag that creates a container for other HTML elements.
– NVIDIA is expected to reach a market value of $1 trillion by the end of 2021, thanks to the increasing demand for processors in the Artificial Intelligence (AI) technology sector.
– The demand for silicon wafers in the computing market, particularly in the realm of machine learning, has contributed significantly to NVIDIA’s success.
– Experts predict that NVIDIA will soon join the exclusive club of trillion-dollar companies, alongside tech giants like Alphabet, Apple, and Microsoft.
– Concerns exist regarding the unrestrained development of AI technology without proper limitations and legal boundaries.

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