Nvidia Becomes First Company To Reach $4 Trillion Market Cap - 1

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Nvidia Becomes First Company To Reach $4 Trillion Market Cap

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

Nvidia became the first company in the world to reach a $4 trillion market valuation on Wednesday. The tech giant briefly hit the milestone after its shares rose 2.8%, to a record high of $164.42 per share, benefiting from AI technology demand.

In a rush? Here are the quick facts:

  • Nvidia becomes the first company in the world to reach a $4 trillion valuation.
  • The chipmaker benefits from the AI-tech demand and its strategic business decisions.
  • The tech giant’s shares briefly rose above $164 on Wednesday.

According to Reuters , Nvidia has solidified its position as one of Wall Street’s favorites, closing the day with a gain of 1.80% and a market value of $3.97 trillion. The company has made major strides in developing the hardware necessary to power advanced AI systems.

The tech giant recently announced it will build the world’s first industrial AI cloud in Germany . It has also been developing specialized graphics processing units (GPUs) for AI companies and creating affordable AI chips for the Chinese market —while remaining compliant with U.S. export restrictions.

Despite a massive share drop in January, when Nvidia lost $600 billion in market value, the company has managed to surge and surpass its $3 trillion record, hit just 13 months ago .

“It highlights the fact that companies are shifting their asset spend in the direction of AI and it’s pretty much the future of technology,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York, to Reuters.

Nvidia is now worth more than the Mexican and Canadian stock markets combined, and surpasses the total value of all publicly listed companies in the United Kingdom. The company also surpasses Microsoft and Apple—both of which were the first to hit the $3 trillion mark.

According to CNBC , Nvidia—founded in 1993 and based in California—has successfully navigated current geopolitical tensions between the U.S. and China, and its shares rose over 15% in the last month and 22% since the beginning of the year.

In May, Nvidia said that the restrictions of its H20 for the Chinese market could cost the company around $8 billion in loss. Its CEO, Jensen Huang, said that getting blocked from that market would be a “tremendous loss” for the company’s business.

Publishers Block AI Bots To Protect Content - 2

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Publishers Block AI Bots To Protect Content

  • Written by Kiara Fabbri Former Tech News Writer
  • Fact-Checked by Sarah Frazier Former Content Manager

News publishers continue to fight against AI bots, suing tech companies, warning that scraping poses dangers to journalism, fair compensation systems, as well as the open web’s future.

In a rush? Here are the quick facts:

  • AI tools like ChatGPT reduce traffic to news sites.
  • Cloudflare launched tools to help block unauthorized AI scrapers.
  • Reddit and iFixit have sued or blocked AI companies like Anthropic.

In a new report by The Wall Street Journal (WSJ) , News publishers are fighting back against AI companies that scrape their websites for content without compensation. As AI tools like ChatGPT and Google’s Gemini grow, many media companies are trying to block bots that use their work without permission.

“You want humans reading your site, not bots, particularly bots that aren’t returning any value to you,” said Nicholas Thompson, CEO of The Atlantic, which has a licensing deal with OpenAI but plans to block other AI companies, as reported by WSJ.

This tactic, known as “scraping,” has existed since the early days of Google. Back then, search engines drove traffic to publishers’ websites. Now, AI chatbots enable news summaries which redirect readers away from visiting their original sources . The combination of bot driven traffic reduction, and advertising revenue decline has become a common issue for numerous publishers.

To fight back, publishers are turning to tech companies like Cloudflare , which recently launched tools to let websites control whether AI bots can access content. Dotdash Meredith CEO Neil Vogel, whose company also licenses content to OpenAI, said, “People who create intellectual property need to be protected or no one will make intellectual property anymore,” as reported by WSJ.

Some companies, like Reddit and iFixit, have taken legal action. Reddit sued AI company Anthropic for scraping over 100,000 times despite requests to stop. iFixit said Anthropic hit its servers one million times in a single day.

The fight is also playing out in court. The New York Times is suing Microsoft and OpenAI , while News Corp and its subsidiaries are taking on Perplexity. The BBC has also threatened legal action against AI startup Perplexity, accusing it of scraping its content to train its default model.

Meanwhile, some worry that stricter anti-scraping rules could block legitimate uses like academic research, as noted by WSJ.

As Shayne Longpre of the Data Provenance Initiative warned, “The web is being partitioned to the highest bidder. That’s really bad for market concentration and openness,” as reported by WSJ.