Nvidia's Ascendancy: Nvidia, a prominent chipmaker founded three decades ago, has achieved a milestone by becoming the world's most valuable company with a staggering market capitalization of $3.34 trillion. This surpasses Microsoft, pushing Apple to the third position. Nvidia's stock closed at $135.58 on June 18, marking a significant increase from its value a year ago. It is now among the elite group of companies, including Microsoft, Apple, Amazon, Exxon Mobil, and General Electric, that have held this top position since 2001. Last year, Nvidia crossed the $1 trillion market cap mark, further solidifying its financial prowess.
Accenture's GenAI Growth: Accenture, a leading IT consultancy firm, reported substantial growth in its generative artificial intelligence (GenAI) projects, adding new bookings worth $900 million in the third quarter alone. This brings the total for the fiscal year to $2 billion. Julie Sweet, Chair and CEO of Accenture, highlighted these achievements as significant milestones, showcasing their strong position in leveraging this critical technology.
Google's Gemini App Launch: Google introduced its Gemini App in India, expanding its offerings to cater to users in nine Indian languages including Hindi, Bangla, Gujarati, Kannada, Malayalam, Marathi, Tamil, Telugu, and Urdu. The launch includes both the Gemini app and the advanced Gemini 1.5 Pro model, aiming to enhance accessibility and user engagement across diverse linguistic communities in India.
Here are the key developments from this week (June 15 – 21).
Updated: Jun 22
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