Nvidia’s Hot New Clients Are Countries, Not Companies

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 12 June 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for June 12. We look at a new and fast-growing source of revenue for Nvidia as governments around the world pile into the artificial intelligence boom. The WSJ’s Sam Schechner and Asa Fitch explain what we mean by “sovereign AI” and who stands to benefit from countries’ race to control their AI destinies. Plus, the U.S. continues a diplomatic push for an Israel-Hamas cease-fire, but its ambitious plan to help deliver aid to Gaza is falling apart. And, McKinsey’s boss is tackling his next big consulting project: his own firm. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at Oracle.com
0:14.4	slash Wall Street.
0:17.0	As the US keeps pushing for a Mideast ceasefire, we'll look at how ambitious plans for a floating
0:25.8	aid pier off the Gaza coast fell apart.
0:29.2	Plus, Mackenzie's boss takes on his next big consulting project,
0:33.3	rewiring his own firm.
0:35.6	And Chipmaker Invidia's newest clients
0:38.2	aren't companies, their countries.
0:40.9	You see Jensen Huang, the CEO of NVIDIA, going around the world,
0:44.3	touting this idea that nations need to protect their data and invest in their own
0:48.6	domestic infrastructure. In other words, you can't allow your AI to be created by other people.
0:54.0	It's Wednesday, June 12th.
0:56.0	I'm Luke Fargis for the Wall Street Journal and here is the AM edition of What's News.
1:01.0	The top headlines and business stories moving your world today.
1:05.0	U.S. Secretary of State Ant Blicken is continuing his push for a Gaza ceasefire a day after
1:17.9	Hamas kept negotiations alive by replying to an American proposal to halt fighting.
1:24.0	Meanwhile, journal reporting is shedding new light on the breakdown of a U.S. effort to address severe
1:30.1	hunger in Gaza through the construction of a pier off the coast of the enclave.
1:36.0	Three months after President Biden announced the $230 million effort in his State of
1:41.6	the Union speech only enough aid to support
	...

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