FT News Briefing Nvidia claims top spot
7 snips
Jun 19, 2024 Nvidia has skyrocketed to become the world's most valuable company, fueled by soaring demand for AI chips. Meanwhile, TDK is making waves with its breakthrough solid-state batteries, promising longer battery life for devices. Security concerns are also on the rise in Silicon Valley, with companies ramping up employee screenings to guard against potential espionage from China. Additionally, the tumultuous IPO journey of the Chinese fashion giant Shein reveals the complexities of entering the U.S. market amidst regulatory challenges and geopolitical tensions.
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Nvidia's Rise
- NVIDIA's market value soared from $300 billion to $3.3 trillion in under two years.
- This surge is driven by the exploding demand for their AI chips, powering models like ChatGPT.
Solid-State Battery Breakthrough
- TDK, an Apple supplier, claims a breakthrough in solid-state batteries for small devices.
- These use a solid oxide material instead of liquid, promising longer battery life and miniaturization.
Different Battery Tech
- TDK's new solid-state battery tech differs from those intended for electric vehicles.
- While still in the lab phase, it could revolutionize smartphone battery performance in a few years.