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Major financial corporations, including BlackRock and Blackstone, have extended over $11 billion in loans to tech companies providing cloud computing power for AI development. These companies have significant reserves of Nvidia chips and are using loans to expand their stock. 
France's antitrust authority is preparing to bring charges against Nvidia for alleged anticompetitive behavior. If these charges are filed, it would be the first major antitrust challenge for the chip developer, potentially resulting in a substantial fine. 
NVIDIA Leads the AI Chips Market: Who Are Its Main Competitors
NVIDIA is the absolute leader in the production of artificial intelligence chips. Based on estimates from Wells Fargo, a 98% share in the data center GPU (Graphics Processing Unit) market belongs to the company. In March 2024, NVIDIA hit a $2 trillion valuation becoming the third most valuable company in the world. 
American startup Figure, specializing in robotics, has garnered $675 million in investments from technological giants including Microsoft, OpenAI, Amazon, and Nvidia. This influx of capital has propelled the 80-person company to a valuation of $2.6 billion. Figure's initial plan was to develop a humanoid robot within its first year of operation. 
Nvidia CEO Jensen Huang has reiterated calls for countries and corporations to build local AI data processing centers. According to him, this strategy would safeguard technological advances from potential external interference and various significant limitations. 
The SuperAI Event to Kick Off in Singapore
This weekend the AI industry will come together for SuperAI’s debut event in Singapore. Asia’s biggest AI event will take place at Marina Bay Sands on 5-6 June and will welcome guests and leading industry representatives from companies like Microsoft, Google, Amazon, Boston Dynamics, Nvidia, Salesfroce, and more. Jensen Huang: The Rock Star CEO of Tech
Wearing his signature black leather jacket, NVIDIA CEO Jensen Huang (full name Jen Hsun Huang) is at the forefront of the AI revolution. According to Mark Zuckerberg, “He’s like Taylor Swift, but for tech.” The famous CEO founded NVIDIA at 30 and has successfully led it into the third most valuable company in the world. 
Nvidia is now taking pre-orders from Chinese distributors for its latest artificial intelligence chip, crafted to adhere to the stringent U.S. sanctions. The new H20 graphics card is priced between $12,000 and $15,000, yet the retail cost in China begins at $15,300.