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AI chip giant Nvidia becomes world's first $5 trillion company
AI chip giant Nvidia becomes world's first $5 trillion company
Business and Economy
by  AFP

AI chip juggernaut Nvidia became the world's first $5 trillion company on Wednesday, as investors remain confident that artificial intelligence will deliver a new wave of innovation and growth. The eyewatering valuations linked to artificial intelligence also include OpenAI becoming the world's most valuable private company, currently valued at $500 billion.

Boeing reports $5.4-bn loss on large hit from 777X aircraft delays
Boeing reports $5.4-bn loss on large hit from 777X aircraft delays
Business and Economy
by  AFP

Boeing reported a $5.4-billion third-quarter loss on Wednesday as massive added costs from the delayed certification of its 777X aircraft weighed down its results. In 2020, Boeing booked a $6.5 billion charge on the 777X, citing the lengthy FAA certification process and the pushing back of demand from airlines for the jet due to Covid-19.