Microsoft Corp., Nvidia Corp. and Apple Inc. combined are now worth more than China’s stock market. Subrat Patnaik for Bloomberg News: ‎ With a total market capitalization of about $9.2 trillion, the three most valuable tech firms have overtaken all of the nearly $9 trillion worth of stocks actively traded on Chinese exchanges excluding Hong Kong, according to data compiled by Bloomberg. Investor demand for artificial intelligence exposure has propelled many shares in the sector to record highs. Nvidia — arguably the biggest beneficiary of a massive flood of AI spending of the past year — saw its market capitalization hit $3 trillion this week, becoming the first computer-chip firm to do so. MacDailyNews Take: Technically, Apple, a fabless chip…

Apple CEO Tim Cook Shares of Nvidia surged more 5% on Wednesday hitting a new all-time record high of $1,224.40 and giving the company a market cap above $3 trillion for the first time. The stock’s advance pushed Nvidia past Apple, making it the world’s second-most-valuable company, after Microsoft. Daniel Howley for Yahoo Finance: ‎ Nvidia has been the poster child for investor enthusiasm in AI, which accelerated with OpenAI’s release of ChatGPT in late 2022. The stock is up over 140% this year and 200% over the last year; Nvidia shares have gained more than 3,300% in the last five years. Over those same periods, the Nasdaq has gained a more modest 14%, 29%, and 126%, respectively. Nvidia is…

Last month, Microsoft announced the upcoming launch of Copilot+ Windows PCs with integrated AI hardware and software. One feature that Microsoft touted was Recall, a tool that's designed to take regular snapshots of PC content to help users find anything they've seen or done on their machine. As it turns out, Recall might be a security nightmare for Windows users. Security expert Kevin Beaumont recently said (via The Verge) that he was able to automate a program that provides plain text data of everything a user has viewed, despite Microsoft's claims that Recall information cannot be exfiltrated remotely. Beaumont claims that Recall is "essentially an infostealer" that's included in Windows by default, and that it will "set cybersecurity back a…

You can help your dad learn to code by getting him Microsoft Visual Studio Pro 2022 Bundle for Father's Day. (via Cult of Mac - Apple news, rumors, reviews and how-tos)

Apple CEO Tim Cook Nvidia is poised to surpass Tim Cook’s Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution, so far largely missed by Apple, passes by the Cupertino-based iPhone-maker. Medha Singh for Reuters: ‎ The reliance of virtually all artificial intelligence applications such as OpenAI’s ChatGPT on Nvidia’s high-end chips has helped the stock nearly triple in value over the past year to $2.72 trillion. In contrast, Apple ceded its No. 1 spot to Microsoft earlier this year as the once high-flying company grapples with weak demand for its iPhones and tough competition in China. It was last valued at $2.93 trillion. “It is certainly notable because Apple has been so dominant…

OpenAI’s ChatGPT OpenAI CEO Sam Altman has consolidated his grip on power at the tech firm that briefly ousted him last fall by inking a major deal with Apple to incorporate artificial intelligence into its products, according to a report. Ariel Zilber for The New York Post: ‎ The 39-year-old tech mogul has pushed out his rivals from the company’s board and is moving full steam ahead with plans to overhaul its nonprofit structure. With the Apple deal, Altman is now hoping bring the company closer to its goal of one day replacing Google as the iPhone maker’s search partner for its Safari web browser, according to The Information… But Altman’s plans face potential roadblocks. Microsoft, which has invested billions of…