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Nvidia’s Stock Surges Amid Artificial Intelligence Chip Demand; Lakeland Rep Appointed to AI Task Force

Nvidia, a leading technology company known for its graphics processing units (GPUs), has reported strong financial results for its fourth quarter, driven by demand for its chips used in artificial intelligence (AI) applications. The company’s revenue and profit more than tripled from the same period last year, exceeding Wall Street’s expectations. Nvidia’s AI chips are widely used in data centers, gaming, and automotive applications, and the company is well-positioned to benefit from the growing adoption of AI technologies.

Meanwhile, the U.S. Justice Department has appointed its first chief artificial intelligence officer and chief science and technology adviser, Jonathan Mayer, a computer scientist and lawyer from Princeton University. Mayer will be responsible for overseeing the department’s use of AI and other emerging technologies to improve its operations and better serve the public.

In other news, a team of researchers led by Princeton has developed an AI model that can predict and prevent plasma instabilities in fusion reactors, which could help unlock the potential of fusion energy as a clean and sustainable source of power. The AI model was able to improve real-time control of plasma instabilities, demonstrating the potential of AI technologies to revolutionize various industries.

In related news, Nvidia’s stock market value has surpassed $2 trillion amid the AI boom, becoming only the second U.S. company after Apple to reach this milestone. The chipmaker’s sales jumped by 265% in the fourth quarter, driven by demand for its AI chips used in data centers and other applications.

Finally, a new report from McKinsey & Company highlights the potential benefits of AI technologies for businesses and society as a whole. According to the report, AI could contribute up to $13 trillion to global economic activity by 2030, with significant gains in productivity, innovation, and consumer welfare. However, the report also warns of the risks associated with AI, including ethical concerns, job displacement, and cybersecurity threats, and calls for policymakers and businesses to address these challenges proactively.

In summary, the growing adoption of artificial intelligence technologies is driving strong demand for Nvidia’s AI chips, which are used in various applications ranging from data centers to gaming and automotive. The U.S. Justice Department has appointed its first chief AI officer to oversee the department’s use of AI and other emerging technologies, while researchers at Princeton have developed an AI model that can predict and prevent plasma instabilities in fusion reactors, paving the way for more reliable fusion energy production. Meanwhile, Nvidia’s stock market value has surpassed $2 trillion amid the AI boom, and a new report from McKinsey & Company highlights the potential benefits and risks of AI technologies for businesses and society as a whole.

More information, please check below news source:

2 Artificial Intelligence (AI) Stocks That Could Go Parabolic
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Artificial intelligence recognizes and learns to predict patterns in behavior from video
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Artificial Intelligence Will Supercharge Knowledge Management for Lawyers
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Bill Foster, a particle physicist-turned-congressman, on why he’s worried about artificial general intelligence
(FedScoop)
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Justice Department appoints first chief artificial intelligence officer
(UPI on MSN.com)
The U.S. Justice Department has appointed its first chief artificial intelligence officer amid rising concerns about the ethics of AI.
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Lakeland’s Scott Franklin appointed to U.S. House task force on artificial intelligence
(YAHOO!News)
U.S. Rep. Scott Franklin, R-Lakeland, has been appointed by House Speaker Mike Johnson to the newly created House Task Force on Artificial Intelligence.
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Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for artificial intelligence
(Associated Press on MSN.com)
Nvidia Corp. posted stronger-than-expected results for its latest quarter, more than tripling its revenue from a year earlier.
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This 1 Number May Ensure Nvidia’s Artificial Intelligence (AI) Chip Dominance
(The Motley Fool on MSN.com)
Nvidia (NASDAQ: NVDA) stock has soared over 435% since the beginning of 2023 as companies flock to the tech giant for its top-performing suite of artificial intelligence (AI) chips. Its top and bottom lines have exploded,
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This May Be Nvidia’s New Artificial Intelligence (AI) Growth Driver. Could the Stock Continue to Soar?
(The Motley Fool on MSN.com)
Nvidia’s (NASDAQ: NVDA) revenue has been soaring quarter after quarter thanks to its expertise in powering artificial intelligence (AI) projects. The company’s graphics processing units (GPUs) are the fastest around,
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U.S. Justice Department Hires First Chief Artificial Intelligence Officer
(The Wall Street Journal on MSN.com)
The U.S. Justice Department has named a Princeton University academic as its first chief artificial intelligence officer and chief science and technology adviser.Jonathan Mayer, a computer scientist and lawyer,
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Unlocking Fusion Energy’s Future With Artificial Intelligence
(SciTech Daily)
A Princeton-led team has developed an AI model to predict and avert plasma instabilities in fusion reactors, showcasing real-time control improvements and setting the stage for more reliable fusion energy production.
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US chipmaker Nvidia hits $2tn value amid artificial intelligence boom
(The Guardian)
Company blows past Wall Street’s expectations with 265% jump in sales after hailing ‘tipping point’ for AI
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