Nvidia is one of the richest companies in the world, so it’s no surprise that the company’s CEO, Jensen Huang, is quite wealthy. The most recent net worth numbers from Forbes puts into context just how wealthy the executive really is, though. Huang has an estimated net worth of $109.2 billion, which is around $13 billion more than the market cap of Intel across the entire company.
Although Nvidia makes some of the best graphics cards, the obscene amount of money the company has racked up over the past two years stems from its AI accelerators. In 2020, Forbes estimated that Huang was worth $4.7 billion, and even in 2023, after ChatGPT had already exploded onto the scene, the executive was worth $21.1 billion. Now, Huang is the 11th richest person in the world, outpacing Bill Gates, Michael Dell, and Michael Bloomberg.
Huang and other Nvidia executives are making good on that value, too. Earlier this month, Nvidia executives sold almost 11 million shares, accounting for $1.8 billion. Huang aso cashed in $713 million in shares, according to Bloomberg.
Intel, meanwhile, has its lowest market cap since December 2008, during the housing market crash. During that time, Intel’s market cap dipped to $71 billion. The company peaked in early 2000 with a market cap over $500 billion, and it sat around $250 billion throughout 2020 and 2021. The dip now comes on the back of financial troubles within Intel, which has prompted shareholders to sue the company and Intel to split its Foundry business into its own subsidiary.
Comparing net worth to market cap isn’t exactly one-to-one — and at some level, these two numbers themselves represent value more so than actual money. However, it puts into context just how massive Nvidia has become over the past year. Nvidia’s market cap is over $3 trillion, making it the third-richest company in the world. Nvidia is worth more than Google and Amazon, and it’s worth more than Walmart, Tesla, Visa, and Netflix combined.
It certainly helps that the top two richest companies in the world, Microsoft and Apple, have spent big with Nvidia over the past few years. Microsoft has been clear that Nvidia GPUs are the backbone of the infrastructure that built ChatGPT, and with AI continuing to be a hot commodity, Nvidia shows no signs of slowing down. However, the recent share sale from Nvidia’s executives suggests the boom may not last forever.
Acer’s Predator Atlas 8 finally has a US release date and price, several months after the company first showed off the handheld in May. The highlight is the Intel Arc G3 Extreme chip inside, which has been adopted by only a couple of other consoles besides the Atlas 8. This version will go on sale exclusively at Best Buy on November 1 for $1,299.99.
Acer originally said the Atlas 8 would arrive in North America in October, but left pricing open at the time. The launch came amid the ongoing DRAM crunch, which has made memory more expensive across the PC industry and complicated pricing for hardware makers.
Google DeepMind's AI world model Genie 4 can now build interactive worlds that you can explore and reshape as they run. It also generates ambient sounds, music, and dialogue that respond to your actions.
The new world model builds on Genie 3 with improved realism, more natural human movement, and better simulations of real-world physics. It could eventually help with everything from game development to training robots.
Apple has an incredible talent for making me admire its products while simultaneously questioning what on earth it's thinking with the pricing. This isn't even something as bizarre as a monitor stand, but the audacity for starting a new laptop lineup from $2,000 doesn't surprise me.
The newly announced 14-inch MacBook Pro with M6 is just the latest to showcase this. The funny thing is, I already know that it's going to be a reliable workstation. You get a powerful new 2nm M6 processor, a gorgeous Liquid Retina XDR display, and up to 24 hours of battery life. We were impressed by the M5 MacBook Air, so the high-end M6 powered MacBook Pro definitely won't let us down.