2: Nvidia
CEO: Jensen Huang
Headquarters: Santa Clara, California
Market cap: US$2.283tn
Founded in 1993, Nvidia’s invention of the graphics processing unit (GPU) in 1999 sparked the growth of the PC gaming market, redefining computer graphics and igniting the era of modern AI.
The company experienced huge AI and generative AI breakthroughs in 2023, with CEO and Founder Jensen Huang announcing it expected to become the world’s first trillion-dollar semiconductor stock. Today the company’s work in AI and digital twins is transforming the world’s largest industries, with services from Alibaba, Amazon, Google, Meta, Microsoft, Snap, Spotify, Tencent and 40,000 other companies built and run on Nvidia AI technologies such as H100 – the chip that OpenAI used to train GPT-4.
Its latest Blackwell architecture, meanwhile, enables organisations everywhere to build and run real-time generative AI on trillion-parameter large language models at up to 25x less cost and energy consumption than its predecessor.