Hard Numbers: Nvidia soars, Salesforce’s UK investment, step up for your eye exam, More millionaires (more problems?), Apple’s rebound

June 11, 2024

Nvidia logo in Taipei, Taiwan.

Reuters

3 trillion: Nvidia stock briefly surpassed $3 trillion in market capitalization this week ahead of a 10-for-1 stock split that’ll make their share price much cheaper. The chipmaker, which is the third most valuable company in the S&P 500 behind Microsoft and Apple, has become a major beneficiary of the AI boom because of its powerful GPU chips. Stock splits don’t affect the value of a company’s stock, but make the share price more palatable for retail investors.

4 billion: Salesforce is investing $4 billion in the United Kingdom and opening a 40,000-square-foot AI-focused office in London on June 18. The US-based software company said it’ll also run training and upskilling programs for professionals looking to gain AI-related skills.

6 million: Want a 90-second eye exam without interacting with a human? The startup Eyebot raised $6 million for AI-enabled kiosks that’ll do just that. The kiosks perform an eye exam, evaluate prescription lenses or contacts, and any recommended prescriptions are sent to a doctor for final review and approval. The company hopes that this telehealth initiative can be an affordable way for people to get their vision checked, especially those without easy access to professionals.

600,000: There are now 600,000 millionaires in the US, thanks to the AI boom. Atop an AI-fueled stock market boom, America’s number of millionaires jumped more than 7% year over year in 2023. Asia gained about 5% more millionaires while Europe saw a 4% increase.

471 billion: Apple’s stock has rallied since early April, gaining 20% — or $471 billion — in value on the back of investor anticipation of AI rollouts on its devices. The company kicked off its Worldwide Developers Conference on June 10, announcing Apple Intelligence, an AI upgrade to its iPhones that will prioritize certain messages and notifications, offer new writing tools, and boost Siri’s capability as a voice-powered assistant.

Spotting and stopping back-to-school scams

Mastercard

As the back-to-school season brings a whirlwind of registration forms, shopping lists, and new technology, scammers are taking advantage of the chaos to steal personal and financial information. To protect yourself and your family, remember the ABCs: Always Be Cybersecure! For expert tips on how to maintain your digital safety during this busy time, read on for advice from Mastercard’s Deputy Chief Security Officer Alissa “Dr. Jay” Abdullah.

Hard Numbers: Nvidia soars, Salesforce’s UK investment, step up for your eye exam, More millionaires (more problems?), Apple’s rebound

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Hard Numbers: Nvidia soars, Salesforce’s UK investment, step up for your eye exam, More millionaires (more problems?), Apple’s rebound

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

Friday’s new US jobs report showed that unemployment ticked down to 4.2% and employers added 142,000 jobs in August, lower than the 161,000 expected.

Former President Donald Trump’s sentencing in his New York hush-money case, which had been scheduled for Sept. 18, has been delayed until after Election Day.

An American woman was fatally shot at a protest against settlement expansion in the Israeli-occupied West Bank on Friday, the State Department confirmed.

What on Earth is going on in Brazil? The world’s richest man, Elon Musk, is locked in a high-profile, increasingly nasty clash with Latin America’s largest economy, which has recently banned Musk’s X platform.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Here’s a breakdown of the corridor’s significance and the implications of Netanyahu’s stance.

Honduran President Xiomara Castro faced calls to resign on Wednesday after journalists released a video of her brother-in-law negotiating payoffs with convicted drug traffickers.

US Secretary of State Antony Blinken visited Haiti for the first time on Thursday, underscoring American support for the struggling Caribbean government and the Kenyan-led security mission meant to stabilize the country.

Just as jury selection was about to start for his federal tax evasion trial, Hunter Bidenhas offered to plead guilty in a last-ditch effort to avoid a costly and potentially damning public trial.