Nvidia, the California-based graphics chip manufacturer and technology company, was officially crowned by the Massachusetts Institute of Technology (MIT) as the smartest company in the world for its innovation in fields such as AI, deep learning and AI.
The list of “smart” companies produced by MIT included some of the most innovative companies in the technology and manufacturing sectors such as SpaceX, Tesla and Amazon but according to MIT Technology Review editor David Rotman, Nvidia’s explosive growth in the AI and Blockchain markets gave the firm an edge over other companies.
"The list is our best guess as to which firms will be the dominant companies of the future. Amazon and Facebook and Google are on it, but so are plenty of newcomers,” wrote Rotman.
Jen-Hsun Huang, CEO of Nvidia, recently revealed the company’s latest deep learning-specific chip the Tesla P100, which the company spent over $2 bln in research and development to manufacturing.
The Tesla P100 chip has a total of 15 bln transistors, three times more than Nvidia’s previous chips. The Tesla P100 was distributed to researchers and developers at Microsoft, Facebook, Amazon and other leading technology companies that are leading deep learning research. Chips like Tesla P100 are implemented to further enhance existing AI and deep learning technologies such as AlphaGo.
Nvidia’s success in AI development and chip manufacturing has also led to an increase in the market and investors’ confidence. In quarter one of 2017, Nvidia saw a drastic increase in the value of its stocks mostly due to the company’s progress with AI and deep learning.
https://cointelegraph.com/news/mit-crowns-nvidia-as-smartest-company-for-bitcoin-ethereum-ai-development