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Subscribe to enjoy similar stories. Nvidia will replace Intel in the Dow Jones Industrial Average next week, a swap that reflects their reversal of fortunes within the tech industry. Sherwin-Williams will replace Dow Inc.

Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems

Subscribe to enjoy similar stories. Adam Smith would be baffled by microelectronics. When the great economist died in 1790 James Watt’s two-cylinder steam engine passed for the height of technological sophistication.

Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm. Nvidia will join the index next week along with paint-maker Sherwin-Williams, which will replace Dow, S&P Dow Jones Indices said on Friday. Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI.

LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial intelligence hub after the government set out plans to increase taxes on businesses.

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Drops in big tech companies including Microsoft and Facebook’s parent company Meta Platforms led Wall Street lower

Subscribe to enjoy similar stories. India’s growing prominence on the global tech stage is attracting industry heavyweights, though not without friction. The country’s IT sector is globally renowned not just for its scale but also for its deep expertise in computer science.

Samsung Electronics Co. looked primed to benefit from the global AI boom: profits were surging and its stock was rising toward an all-time high. Now, South Korea’s biggest company has become a stark example of how quickly fortunes can turn in an industry where the spoils go to those who maintain a technological edge. As concerns mount that the company is losing out to smaller rival SK Hynix Inc. in AI memory and failing to gain on Taiwan Semiconductor Manufacturing Co. in outsourced chipmaking, Samsung shares have tumbled 32% from this year’s peak on July 9. The company has lost $122 billion of market value in that span, more than any other chipmaker worldwide.

Intel CEO Pat Gelsinger inherited a troubled company that had lost its edge in manufacturing skills and had ceded to rivals the hugely lucrative markets for chips used in mobile phones and artificial intelligence. 1968 — Robert Noyce and Gordon Moore found Intel, helping reshape California's Santa Clara Valley from fruit orchards into the Silicon Valley tech hub. 1971 — Intel introduces the 4004, the world's first commercially made programmable microprocessor, with 2,300 transistors. These were among the first chips that could be programmed to perform specific functions, unlike previous processors that were hardwired only for a certain task — a turning point in the history of the semiconductor industry that laid the groundwork for the development of CPUs.

artificial intelligence (AI) revolution – this was Nvidia founder and chief executiveJensen Huang’s clarion call to India Inc at ET Conversations in Mumbai last Friday. The Indian market is currently dominated by Amazon Web Services (AWS), Microsoft Azure and Google Cloud. But are there any domestic players that are equipped to take on the three global hyperscalers? There are local alternatives, such as E2E, according to Pratik Desai, founder of agricultural AI startup Kissan AI – which uses Azure as the primary cloud provider and AWS as a secondary cloud provider – but they are catching up in terms of cost and integrated services.

startup ecosystem, the strength of its digital economy and the proliferation of the world’s largest global capability centres (GCCs) in the country will position India as one of the top three artificial intelligence (AI) economies globally, said Shanker Trivedi, senior vice president of enterprise business at Nvidia, the world’s largest chip maker, in conversation with Himanshi Lohchab & Surabhi Agarwal. “India has unique characteristics. Some other regions are still a fragmented market. But India has always been one market with one currency, even while multiple cultures exist,” he told ET in an exclusive interview. “Even the market in Nagaland is bigger, I can assure you, than some other nations. And I bet you, there’s somebody in Kohima right now planning a startup using this amazing infrastructure and platform,” said Trivedi, who has helmed Nvidia’s enterprise business for 15 years and is now a key member of chief executive Jensen Huang’s core team.

Artificial Intelligence is making computers an instrument for everyone and not just for the privileged few, believes Jensen Huang, the iconic founder and chief executive of chip maker Nvidia. He allayed the fears that AI could consume jobs or replace humans and said that the technology will make everything more efficient and productive, saving key resources and elevating human capabilities. In a free-wheeling conversation with Sruthijith KK at the ET Conversations event in Mumbai on Friday, Huang, 61, who steered the company out of turbulent early years and turned it into a $3.43 trillion behemoth that it is today, said that he still wakes up fearing that Nvidia could even now go out of business. No one in technology should get too comfortable or complacent, said the top boss helming the world’s second most valued company. His message to India’s IT services industry was unequivocal: Move from the back office to the front office and lead the AI revolution. Edited excerpts: I want to start with a core technical question. How is your leather jacket holding up in the Mumbai heat? (Laughs) It’s fine. Thank you! I enjoy the heat.

Subscribe to enjoy similar stories. India's top tech services companies are riding the AI wave with chip giant Nvidia, betting on mutually beneficial partnerships like the ones they have with software giants SAP AG and Oracle Corp.

Subscribe to enjoy similar stories. Last week, Yann LeCun, one of the godfathers of artificial intelligence (AI), visited India. Alongside, Nvidia chief Jensen Huang made his annual visit.

Subscribe to enjoy similar stories. “This," Steve Jobs said, “is the most important moment in my entire life." It was minutes before the Apple event in 1984 that would change everything for the company. At the end of Jobs’s presentation that day, the nervous young entrepreneur in a bow tie walked across the stage to a table with a mysterious bag on top of it.

artificial intelligence (AI) revolution, transforming itself into the world’s front office from its back office, said Jensen Huang, founder and chief executive of chip maker Nvidia. He also called for the regulation of AI while dismissing fears that it would replace humans, at the second ET Conversations in Mumbai on Friday that was attended by thought leaders, business chieftains and policymakers. The country has all the ingredients needed to capitalise on the opportunity that will be thrown up by AI thanks to the digital infrastructure that’s in place and software capabilities developed over the years, he said. “India has one of the largest digital ecosystems,” said Huang in his conversation with ET’s Sruthijith KK. “It is an opportunity to reinvent from being the back office of the world, to becoming the front office. From being a cost-reduction centre, to an AI-driven ecosystem.”

Nvidia dethroned Apple as the world's most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips. Nvidia's stock market value briefly touched $3.53 trillion, while that of Apple was $3.52 trillion, according to data from LSEG. In June, Nvidia briefly became the world's most valuable company, before it was overtaken by Microsoft and Apple. The tech trio's market capitalizations have been neck-and-neck for several months. Microsoft's market value stood at $3.20 trillion.

Akshay Kumar recently met Nvidia CEO, Jensen Huang. Based in Santa Clara, Nvidia Corporation is a multinational tech firm. Huang was on a visit to India. The ‘Khiladi’ shared a photo of himself posing with the billionaire and wrote on X, “Imagine meeting the world’s biggest authority on Artificial Intelligence and ending up chatting about martial arts!!! What an amazing man you are Mr #JensenHuang. Now I know why @nvidia is the absolute giant that it is (sic)," In the picture, Kumar and Huang are seen recreating a martial arts pose. The post went viral on X, gaining 13K likes. One X user quipped that the actor may be depicting Huang in a biopic. “We get it! @akshaykumar playing Jensen in the new biopic..” read the comment. Another commented, “Akshaya's next movie would be AI-generated, and it will perform better than his previous 3-4 year movies…” On Thursday, Nvidia introduced a streamlined artificial intelligence model crafted specifically for Hindi, one of India’s most spoken languages. The tech giant aims to tap into the country’s rapidly growing demand for AI solutions. Nvidia also announced that its CEO, Jensen Huang, will engage in a discussion with Mukesh Ambani, the chairman of Reliance Industries, during a conference in Mumbai.

Also read | Nvidia’s partnership with Reliance, Tatas to boost India’s AI infrastructureHuang said that computer hardware technology today has reached its limit in terms of how many transistors can be crammed into a chip, and by extension how powerful processors can be.“We can no longer afford to do nothing in software and expect to improve computing experience," he said. “We started our company to improve software."Nvidia makes high-end graphics processing units (GPU) that coupled with the firm’s CUDA software handle multiple simpler tasks simultaneously rather than handling complex calculations that conventional processors do.

Reliance Industries chairman Mukesh Ambani said in a conversation with Nvidia chief executive officer (CEO) Jensen Huang. Speaking at the Nvidia AI Summit in Mumbai on Thursday, Ambani said India is now one of the top countries in digital infrastructure, alongside the US and China. “India now has the best digital connectivity infrastructure, apart from the US and China, with 4G, 5G, and broadband systems in the world,” he said.