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Technology
AI impact on finance Artifcial Intelligence Digital Technology GPU NVIDIA Technology

NVIDIA's Dominance in Shaping the Digital World

 


NVIDIA, a global technology powerhouse, is making waves in the tech industry, holding about 80% of the accelerator market in AI data centres operated by major players like AWS, Google Cloud, and Microsoft Azure. Recently hitting a monumental $2 trillion market value, NVIDIA's stock market soared by $277 billion in a single day – a historic moment on Wall Street.

In a remarkable financial stride, NVIDIA reported a staggering $22.1 billion in revenue, showcasing a 22% sequential growth and an astounding 265% year-on-year increase. Colette Kress, NVIDIA's CFO, emphasised that we are at the brink of a new computing era.

Jensen Huang, NVIDIA's CEO, highlighted the integral role their GPUs play in our daily interactions with AI. From ChatGPT to video editing platforms like Runway, NVIDIA is the driving force behind these advancements, positioning itself as a leader in the ongoing industrial revolution.

The company's influence extends to generative AI startups like Anthropic and Inflection, relying on NVIDIA GPUs, specifically RTX 5000 and H100s, to power their services. Notably, Meta's Mark Zuckerberg disclosed plans to acquire 350K NVIDIA H100s, emphasising NVIDIA's pivotal role in training advanced AI models.

NVIDIA is not only a tech giant but also a patron of innovation, investing in over 30 AI startups, including Adept, AI21, and Character.ai. The company is actively engaged in healthcare and drug discovery, with investments in Recursion Pharmaceuticals and its BioNeMo AI model for drug discovery.

India has become a focal point for NVIDIA, with promises of tens of thousands of GPUs and strategic partnerships with Reliance and Tata. The company is not just providing hardware; it's actively involved in upskilling India's talent pool, collaborating with Infosys and TCS to train thousands in generative AI.

Despite facing GPU demand challenges last year, NVIDIA has significantly improved its supply chain. Huang revealed plans for a new GPU range, Blackwell, promising enhanced AI compute performance, potentially reducing the need for multiple GPUs. Additionally, the company aims to build the next generation of AI factories, refining raw data into valuable intelligence.

Looking ahead, Huang envisions sovereign AI infrastructure worldwide, making AI-generation factories commonplace across industries and regions. The upcoming GTC conference in March 2024 is set to unveil NVIDIA's latest innovations, attracting over 300,000 attendees eager to learn about the next generation of AI.

To look at the bigger picture, NVIDIA's impact extends far beyond its impressive financial achievements. From powering AI startups to influencing global tech strategies, the company is at the forefront of shaping the future of technology. As it continues to innovate, NVIDIA remains a key player in advancing AI capabilities and fostering a new era of computing.


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Ransomware
Cyberattacks CyberCrime Cyberhackers Cybersecurity DDoS Digital Technology malware Ransomware

Defending Digital Fortresses: How Greater Manchester Fends off 10,000 Daily Cyber Assaults

 


Cyber hackers are targeting the council's systems at a rate of '10,000 a day', leading to threats to its software and systems by higher-ups. It has been agreed by councillors in Oldham that they will spend £682,000 on acquiring a ‘modern data protection service’ which will ensure the privacy of financial information as well as the personal information of thousands of citizens, in order to protect the data they are responsible for guarding. 

According to officers, at the moment, because of the current system in place the backup data is not protected against malicious damage or the cloud-based services are not protected from malicious intrusion. In light of this, the council has decided that it is necessary to move all of its data and backup requirements over to the Rubrik Air Gap system and to utilize it for its data recovery and backup. 

As stated in the report to the cabinet, the purpose of the decision was to ensure that both services and data will be protected against loss, which is essential in both disaster recovery scenarios as well as against accidental deletion, corruption, or other errors that could lead to information loss. 

According to the survey, three-fourths of councils (75 per cent) stated that they have been targeted by phishing attacks as this is the most common type of cyberattack against them, with the majority stating that it was the most common form of attack they have been targeted by. 

It can be noted that Distributed Denial-of-Service attacks (DDoS) were the second most common attack type - ranking as the most serious threat for six per cent of councils this year - which attempted to disrupt web traffic or services by overwhelming servers. With the increased digitalization driven by the pandemic, both the public and private sectors have been affected by the prevalence of cybercrime, which is being exacerbated by the increasing prevalence of cybercrime. 

A survey by Gallagher, an insurance company, shows that 15% of UK business owners rate cybercrime as one of the biggest risks to their business, and specifically that the post-pandemic reliance on technology has exacerbated the problem. There were eight months of interruption caused by the 2020 cyber attack on that local authority, as reported earlier this year by the leader of that local authority at a parliamentary committee. 

There is a type of malware known as ransomware that encrypts files and data in a way that prevents anyone from accessing those files without paying a ransom to the criminal group who has authorized the attack. Data that is stolen by an attacker may also be threatened with being leaked by the attacker. 

During the meeting, councillor Abdul Jabbar, cabinet member for finance and corporate resources, addressed the attendees with the following remarks: "We receive more than 10,000 attacks daily on our systems as a result of cyber attacks."
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