(VOR News) – It is projected that Nvidia shares will establish a record close on Monday, at the same time as Wall Street is getting ready for earnings season and receiving updates from all of the chipmaker’s most important clients about their planned investments in artificial intelligence infrastructure.

In addition, it is anticipated that Nvidia shares will set a new record for the closing price.

After reaching a price of $138.31 at approximately one o’clock in the afternoon Eastern time, the stock had experienced a rise of 2.6% from its previous selling price. At the time of the 18th of June, the price that was reached at the end of trading was $135.58, which was the highest it had ever been.

Since the beginning of the year 2023, the value of the company’s shares has increased by more than nine times, and they have already gained by about 180% for the year. This is a significant increase.

OpenAI’s ChatGPT was made available to the general public in November 2022, which marked the beginning of the generative artificial intelligence boom.

NVIDIA has been the most effective beneficiary of this boom.

Despite the fact that it is often considered that Nvidia is the firm that is providing the picks and shovels for the artificial intelligence gold rush, the company has been the most successful beneficiary of the boom.

The utilization of graphics processing units (GPUs) that were invented by Nvidia is required for the creation and deployment of complex artificial intelligence models. These models are the driving force behind ChatGPT and other applications that are comparable to it.

In order to develop increasingly massive clusters of computers for their advanced artificial intelligence work, a number of companies, including Microsoft, Meta, Google, and Amazon, are purchasing graphics processing units (GPUs) from Nvidia in significant quantities. This is being done in order to enhance their capabilities.

These companies also buy GPUs from Nvidia.

When it comes to the quarterly results of each of these organizations, it is anticipated that they will be made public before the end of the month of October at the very latest.

Despite the fact that it controls more than 95% of the market for artificial intelligence (AI) training and inference chips, Nvidia is receiving a disproportionately significant amount of the billions of dollars that the largest technology companies are spending annually on their artificial intelligence (AI) buildouts.

This is because Nvidia is the market leader in both of these categories. It has been declared by the analysts at Mizuho that this is the real situation.

Nvidia’s revenue has increased by a factor that is greater than twice over the course of the past five quarters, and in three of those periods, it has increased by a factor that is at least three times higher than the previous quarter’s.

Economists are of the opinion that the rate of growth will moderately slow down during the course of the remaining months of the year, as stated by LSEG. They forecast that the industry will expand by about 82% during the quarter that will finish in October, reaching a total of $32.9 billion in revenue over the course of the period.

The demand for Nvidia’s next-generation artificial intelligence graphics processing unit (GPU), which has been given the name Blackwell, is “insane,” and the company forecasts that the new product will bring in billions of dollars in sales during the fourth quarter. Blackwell is the name of the GPU.

With a market value of $3.4 trillion, Nvidia is the second most valuable publicly traded corporation in the United States of America that is currently in operation. The market capitalization of Apple, on the other hand, is approximately $3.53 trillion, which represents the total dollar amount

SOURCE: CNBC

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Documents Show OpenAI’s From Nonprofit to $157B Valued Company Long Trip

In 2016, a scientific research group situated in Mountain View, California, and incorporated in Delaware applied to the Internal Revenue Service for recognition as a tax-exempt charitable organization.

The organization, called OpenAI, informed the IRS that its mission was to “advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return.”

Its assets included a $10 million loan from Sam Altman, one of its four original directors and current CEO.

The application, which charities are obligated to publish and which OpenAI released to The Associated Press, provides a glimpse into the early days of the artificial intelligence behemoth, which has since expanded to include a for-profit subsidiary recently valued at $157 billion by investors.

It’s one indicator of how far OpenAI and the technologies it researches and produces have come in less than a decade.

Documents Show OpenAI’s Long Journey From Nonprofit To $157B Valued Company

In the application, OpenAI stated that it did not intend to form any collaborative ventures with for-profit entities, which it has since done. It also stated that it “does not intend to play any role in the development of commercial products or equipment,” and promised to make its findings freely available to the public.

Liz Bourgeois, an OpenAI representative, said in an email that the organization’s ideals and goals have remained similar, but the way it carries out its mission has developed in tandem with technological advancements. She further stated that the nonprofit does not conduct any commercial activity.

Attorneys who specialize in guiding organizations have been keenly following OpenAI’s spectacular rise and changing structure. Some question if it’s growth and current objectives have reached or exceeded the boundaries of how nonprofits and for-profits can engage. They also worry about how far its core operations enhance its philanthropic objective, which it must, and whether any may profit from its activity, which is illegal.

In general, nonprofit specialists agree that OpenAI has taken significant measures to ensure that its corporate structure complies with the regulations that regulate charitable organizations. Andrew Steinberg, counsel at Venable LLP and a member of the American Bar Association’s nonprofit organizations committee, believes OpenAI’s application to the IRS appears conventional.

If the organization’s intentions and structure changed, Steinberg explained, it would be required to submit that information on its annual tax filings, which it has done.

“At the time that the IRS reviewed the application, there wasn’t information that that corporate structure that exists today and the investment structure that they pursued was what they had in mind,” according to him. “And that’s okay because that may have developed later.”

Here are some highlights of the application:

Early research goals
OpenAI’s initial research ambitions appear antiquated in light of the rush to build AI, which was sparked in part by the publication of ChatGPT in 2022.

OpenAI informed the IRS that it intends to train an AI agent to solve a wide range of games. It planned to design a robot to do housekeeping and develop technology capable of “following complex instructions in natural language.”

Today, its products, such as text-to-image generators and chatbots that can recognize emotion and create code, greatly outperform those technical limits.

No commercial objectives.
The charity OpenAI stated on the registration form that it had no ambitions to develop joint ventures with for-profit organizations.

It also said that “OpenAI has no plans to participate in the development of commercial products or equipment.” It aspires to make its research freely available to the public, without discrimination.”

Documents Show OpenAI’s Long Journey From Nonprofit To $157B Valued Company

According to OpenAI spokeswoman Bourgeois, the organization feels that the best approach to accomplish its purpose is to produce tools that help people use AI to solve problems, many of which are free. However, they believe that having commercial ties has helped them advance their purpose, she said.

Intellectual property.
In 2016, OpenAI stated to the IRS that sharing its research with the general public is “central to the mission of OpenAI.” OpenAI will periodically publish research findings on its website and share software developed with the world under open source software licenses.”

It additionally disclosed that it “intends to retain the ownership of any intellectual property it develops.”

The value of such intellectual property, as well as whether it belongs to the nonprofit or for-profit subsidiary, may become key concerns if OpenAI decides to change its organizational form, as Altman confirmed in September.

SOURCE  | AP

(VOR News) – The Starship rocket was launched by SpaceX for its fifth test flight on Sunday, and an initial capture of the rocket’s over 20-story booster was astounding.

Starship was launched by Elon Musk’s organization from its Starbase facility, which is situated in close proximity to Brownsville, Texas, at 8:25 a.m. ET.

The rocket’s “Super Heavy” booster returned to the launch tower arms of the business in a spectacular capture.

“Are you serious?” Dan Huot asked during SpaceX’s webcast.

Huot continued, “The event we just witnessed appeared to be a work of magic.” The starship disintegrated and departed for space with the objective of recirculating the planet before reentering the atmosphere and landing in the Indian Ocean.

The Federal Aviation Administration granted SpaceX permission to launch Starship on its fifth journey on Saturday, which was more expeditious than the regulator had anticipated.

No one is present on the fifth Starship voyage.

Until now, SpaceX has conducted four spaceflight experiments utilizing the entire Starship rocket system: in March and June of this year, as well as in April and November of last year. Each test flight achieved a greater number of milestones than its predecessors.

The company’s rocket successfully completed its first flight test during the June mission, enabling Starship to reenter the atmosphere and splash down in the Indian Ocean after enduring intense forces. In addition, the rocket projectile returned intact and executed a controlled splashdown in the Gulf of Mexico.

The Starship system aims to replace the current methods of transporting people and goods beyond Earth with its wholly reusable design. The rocket is also crucial to NASA’s objective of returning humans to the moon.

NASA awarded SpaceX a multibillion-dollar deal to use Starship for Artemis’ crewed lunar probe.

According to executives at SpaceX, the company intends to undertake numerous Starship flights prior to the rocket’s crewed launch.

SpaceX emphasizes that it endeavors to “extend the knowledge we have acquired from our previous flights” in the development of the large rocket.

Nevertheless, the organization intended to commence the fifth flight prior to October. This led to Musk and SpaceX publicly criticizing the FAA, asserting that the process was being impeded by “superfluous environmental analyses.”

SpaceX has also been required to pay fines to environmental regulators for unapproved water discharges at its Texas launch site, despite the fact that the FAA, partner agencies at the U.S. Fish and Wildlife Service, and the National Marine Fisheries Service of the Commerce Department completed assessments more rapidly than anticipated.

The fourth test flight’s objectives have been surpassed by SpaceX with booster capture.

The rocket was successfully returned to the launch site, and the vehicle was captured by utilizing the “chopstick” limbs on the tower. The corporation is of the opinion that the bold capture method is essential for the rocket to be entirely reusable.

“Technicians have dedicated tens of thousands of hours to the construction of the infrastructure in order to optimize our chances of success,”

SpaceX declared on its website.

SpaceX engineers have dedicated years to the preparation and months to the testing of the booster capture attempt.

The firm asserts that the acquisition necessitates the fulfillment of thousands of requirements. The projectile would have drifted off course and crashed into the Gulf of Mexico off the coast if it had not been adequately prepared.

“SpaceX will only attempt a return if the conditions are right, and we accept no compromises when it comes to ensuring the safety of the public and our team,” according to the organization.

Starship is the name of the most powerful and tallest rocket ever launched. Starship has a diameter of approximately 30 feet and a height of 397 feet when it is entirely assembled atop a Super Heavy rocket.

232-foot-tall Super Heavy boosters initiate the rocket’s journey into orbit. It is composed of 33 Raptor engines, which collectively produce 16.7 million pounds of force. This is approximately twice as much as NASA’s Space Launch System rocket, which achieved 8.8 million pounds of thrust during its inaugural launch in 2022.

The starship is 165 feet tall and is equipped with six Raptor engines, three of which are intended for use in Earth’s atmosphere and three of which are intended for use in the vacuum of space.

The rocket is propelled by liquid oxygen and liquid methane. The system necessitates over 10 million pounds of propellant for launch.

SOURCE: NBC

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