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Marketplace All-in-One

The chips behind artificial intelligence are getting more powerful

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 19 March 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Nvidia is about as close to a rockstar as you can get in Silicon Valley currently. At a conference hosted in a sports arena, the company’s CEO introduced a new advanced chip that promises to be 30 times faster at some tasks than NVIDIA’s previously most advanced chip. We’ll also hear more about the Bank of Japan’s rate hike decision and discover how a housing justice video game was adapted for stage.

Transcript

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0:00.0

We have one more chance for you to double your impact when you donate to Marketplace.

0:05.1

Everyone who pledges to give monthly right now will have their gift matched for a whole year

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thanks to the Marketplace Investors Challenge Fund. Monthly donors are very important

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to the health and longevity of our newsroom. Step up today and double your impact for a whole

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year. Go to Marketplace.org

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slash donate.

0:24.0

The little brains that power artificial intelligence

0:30.0

are growing more powerful.

0:32.0

I'm David Brancaccio from St. Paul. intelligence are growing more powerful.

0:33.2

I'm David Brancaccio from St Paul today, first to Japan, where the Central Bank today raised

0:38.3

interest rates for the first time in 17 years.

0:41.6

The bank had been paying people to take money, what's called negative interest rates,

0:45.6

but no more. Here's the BBC's Tokyo correspondent, Shamakaleel.

0:50.0

Japan has finally ended its negative interest policy and raised borrowing rates to 0.1%,

0:55.9

a significant move for a country that has stuck to its stimulus program for nearly 20 years.

1:01.2

Until today, it was the only nation in the world to still have a zero rate policy.

1:06.1

The decision comes as salaries have finally started to increase after decades of stagnation.

1:11.5

Last week Japan's biggest companies agreed to raise wages by slightly over 5%,

1:16.4

the biggest hike in more than three decades. For the last few years, households in Japan have been

1:21.6

struggling with the rising cost of living and

1:23.5

stagnant wages. Now to invidia, the maker of the most coveted chips for

1:28.2

running artificial intelligence is out with its latest and it is souped up. Here's Marketplace's Nova Safo.

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