FirstFT: AI is creating a ‘new era of computing’

Featured Sponsor

Store	Link	Sample Product
UK Artful Impressions	Premiere Etsy Store

Good morning. Nvidia, the world’s most valuable semiconductor group, has it unveiled a new supercomputer platform stay at the forefront of the AI ​​revolution.

The platform, DGX GH200, will assist technology companies in building generative AI models similar to OpenAI’s ChatGPT. Meta, Microsoft and Google Cloud are among the first customers expected to gain access to the supercomputer.

Speaking at the Computex conference in Taipei, Nvidia CEO Jensen Huang said AI is creating a new era of computing where “everyone is a programmer” and warned that the traditional tech industry won’t keep pace with the advances of AI. Technology has dramatically lowered the barrier to computer encryption, he added.

“We have reached the tipping point of a new computing age,” Huang said yesterday.

Huang’s speech comes days after Nvidia revealed predictions of rapid sales growth, fueling a stock price surge that has put it on course to become the world’s top trillion-dollar semiconductor stock. The chipmaker’s stock price is up 172% year-to-date.

Here’s what I’m watching today:

• Employment data in Japan: The April labor force survey is due to be released.

• New Development Bank: The Shanghai-based lender, better known as the “Brics bank”, will do so. start its annual meeting.

• Founder of Theranos: Elizabeth Holmes begins her prison sentence on one count of conspiracy and three counts of wire fraud.

Five more top stories

1. India’s top detective agency has accused Rolls-Royce and BAE Systems of bribery on historic agreements for the supply of fighter aircraft to the country. The Central Bureau of Investigation said the companies engaged in a “criminal conspiracy” to “deceive the Indian government”. Here’s what we know about the allegations.

2. PwC has suspended nine partners following a leaked email scandal in Australia. The accountant firm has has pledged to release an internal review this year after leaked emails in February showed how the firm used inside information about changes to Australian tax law to acquire new business.

3. Japan’s defense ministry said it has put its ballistic missile defenses on high alert and is preparing “destructive measures” after North Korea did a rare notification via the International Maritime Organization of a satellite launch planned between 31 May and 11 June.

4. The Turkish lira weakened after the re-election of Recep Tayyip Erdoğan, as analysts have warned that the next big test for the victorious president would be dealing with the country’s wobbly $900 billion economy. The lyre was hovering around historic lows yesterday after breaching TL20 against the US dollar late last week.

5. Democrats and Republicans are confident they can pass a deal to avoid US default after gaining support from key mainstream lawmakers on a proposed deal reached over the weekend. The first test will be the vote in the Chamber scheduled for Wednesday.

The big read

A growing number of Western politicians are concerned that this year’s UN climate summit in the UAE will be too tied to the oil and gas industry. Experts say it’s too early to cancel COP28, But time is running out.

We are also reading. . .

• Japan Complicated Companies: Japan’s economy may be poised to gain from investment leaving China, but it is corporate shareholding network it is complicating matters, writes Leo Lewis.

• The right to log out: Employees could ignore emails and texts from their bosses at night and at the weekend under a new UK policy proposal. Manager told the FT what they really think on legislation.

• Promoting the British Suburbs: In a break from the past, the The latest generation of Hong Kong from the UK eager to integrate into British society.

Chart of the day

Five years ago, China’s economy was growing fast enough for college graduates to find good jobs. Now their prospects are less certain, as is the country’s economic recovery not being able to pick up the pace six months after the authorities began rolling back President Xi Jinping’s tough zero-Covid regime.

Take a break from the news

. . . and listen to the latest episode of the FT Weekend Podcast. Bestselling Author Curtis Sittenfeld Joins Host Lilah Raptopoulos to Talk About It the state of romantic comedies today: how they have changed and where they might go next.

Additional contributions by David Hindley and Tee Zhuo