Business

Nvidia rides AI wave to become first company to reach $4 trillion market value

Published

1 day ago

July 9, 2025

Reuters

Nvidia notched a market capitalisation of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street’s most-favoured stocks. Shares of the leading chip designer rose as much as 2.5 per cent to an all-time high of $164, benefiting from the ongoing surge in demand for artificial intelligence technologies.

Nvidia’s soaring market value underscores Wall Street’s confidence in the rapid growth of AI, with the company’s high-performance chips forming the backbone of this technological advance. The stock’s recent rally follows a sluggish start to the year, when the emergence of a Chinese discount artificial intelligence model developed by DeepSeek shook confidence in stocks linked to the sector.

“It started out as being a gaming chipmaker and then a crypto mining chipmaker and now as a chipmaker for artificial intelligence computing power,” said Art Hogan, chief market strategist at B Riley Wealth.”It is continuing to move forward and be a clear early winner of artificial intelligence.” Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other U S firms with a market value of more than $3 trillion.

Microsoft is the second biggest U S company, with a market capitalisation of $3.75 trillion. Its shares were last up 1.3 per cent at $503. Nvidia has rebounded about 74 per cent from its lows in April, when global markets were jolted from U S President Donald Trump’s tariff volley. Optimism around trade partners reaching deals with the U S have lifted stocks of late, with the S&P 500 hitting an all-time high.

Nvidia holds a 7.3 per cent weight on the S&P 500, the biggest on the index. Other tech behemoths, Apple and Microsoft, account for around 7 and 6 per cent, respectively. The company is worth more than the combined value of the Canadian and Mexican stock markets, according to LSEG data, and exceeds the total value of all publicly listed companies in the UK. Its stock trades at a 12-month forward price-to-earnings ratio of 32, below its three-year average of 37, according to data compiled by LSEG.

It reported a total revenue of $44.1 billion in the first quarter, marking a 69 per cent jump from a year ago, along with a profit of 81 cents a share. For the second quarter, Nvidia expects revenue of $45 billion, plus or minus 2 per cent. It will report second-quarter results on August 27. Including the session’s gains, Nvidia is up more than 22 per cent this year compared to a nearly 15 per cent rise in the Philadelphia SE Semiconductor Index.

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EU unveils AI code of practice to help businesses comply with bloc’s rules

Published

4 hours ago

July 10, 2025

Associated Press

By KELVIN CHAN, Associated Press Business Writer

LONDON (AP) — The European Union on Thursday released a code of practice on general purpose artificial intelligence to help thousands of businesses in the 27-nation bloc using the technology comply with the bloc’s landmark AI rule book.

The EU code is voluntary and complements the EU’s AI Act, a comprehensive set of regulations that was approved last year and is taking effect in phases.

The code focuses on three areas: transparency requirements for providers of AI models that are looking to integrate them into their products; copyright protections; and safety and security of the most advanced AI systems

The AI Act’s rules on general purpose artificial intelligence are set to take force on Aug. 2. The bloc’s AI Office, under its executive Commission, won’t start enforcing them for at least a year.

General purpose AI, exemplified by chatbots like OpenAI’s ChatGPT, can do many different tasks and underpin many of the AI systems that companies are using across the EU.

Under the AI Act, uses of artificial intelligence face different levels of scrutiny depending on the level of risk they pose, with some uses deemed unacceptable banned entirely. Violations could draw fines of up to 35 million euros ($41 million), or 7% of a company’s global revenue.

Some Big Tech companies such as Meta have resisted the regulations, saying they’re unworkable, and U.S. Vice President JD Vance, speaking at a Paris summit in February, criticized “excessive regulation” of AI, warning it could kill “a transformative industry just as it’s taking off.”

More recently, more than 40 European companies, including Airbus, Mercedes-Benz, Philips and French AI startup Mistral, urged the bloc in an open letter to postpone the regulations for two years. They say more time is needed to simplify “unclear, overlapping and increasingly complex EU regulations” that put the continent’s competitiveness in the global AI race at risk.

There was no sign that Brussels was prepared to stop the clock.

“Today’s publication of the final version of the Code of Practice for general-purpose AI marks an important step in making the most advanced AI models available in Europe not only innovative but also safe and transparent,” the commission’s executive vice president for tech sovereignty, security and democracy, Henna Virkkunen, said in a news release.

Originally Published: July 10, 2025 at 6:44 AM PDT

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Business

AI/R Company Launches AI-Powered Platform to Streamline Corporate Hiring Processes

Published

5 hours ago

July 10, 2025

The Manila Times

With AI/Quick-Match, the AI agent Llia cuts hiring costs by up to 80% and reduces time-to-hire by up to threefold

SAN FRANCISCO, July 10, 2025 (GLOBE NEWSWIRE) — AI Revolution Company (AI/R), a global leader in AI-driven business transformation, has announced the launch of Llia, its next-generation AI agent. Through its flagship product AI/Quick-Match, Llia delivers data-driven hiring decisions, helping companies make smarter, faster, and more cost-effective recruitment choices.

Designed as a “plug-and-play” solution, AI/Quick-Match seamlessly integrates with existing recruitment tools to accelerate hiring, reduce expenses, and ensure better candidate matches. The platform enhances HR teams by aligning talent profiles with organizational needs, automating candidate screening, conducting technical and behavioral interviews, and providing in-depth analytics-transforming the recruitment process from end to end.

“Automating interviews saves recruiters valuable time and delivers more accurate evaluations. With AI-driven insights and data-backed feedback, companies can make more confident hiring decisions. In fact, AI/Quick-Match has been shown to reduce recruitment costs by up to 80% and accelerate the hiring process by up to three times,” explains Maycon Zamunaro, CTO of Invillia, the AI/R company behind the platform. In just one month since its launch, the tool has powered over 1,000 interviews and led to approximately 100 successful hires.

Llia was created to be a natural extension of human teams-an AI agent that connects data, intelligence, and knowledge to support better decision-making and empower organizations.

Soon, three more products will be added to the Llia suite: AI/Team-Management, AI/Onboarding&Training, and AI/Performance-Review, enabling the platform to support every stage of the organizational lifecycle.

According to Alexis Rockenbach, Global CEO of AI/R Company, Llia is redefining how companies approach recruitment and talent management. “Its integrated and highly customizable products allow it to operate across all phases of the employee journey: attraction, retention, management, and development. Llia isn’t just an assistant-it’s a strategic pillar for scaling people and teams,” he states.

About AI/R

AI/R, headquartered in California, is an Agentic AI Software Engineering company that leverages its powerful ecosystem of proprietary AI platforms and hyper-specialized tech brands to drive the global enterprise revolution. Through its proprietary AI platforms and strategic partner platforms, AI/R is reshaping industries and setting new standards for business innovation and productivity. By embedding AI into every aspect of its operations, AI/R’s mission is to make the AI revolution a revolution for everyone, empowering human talent and raising the bar for digital transformation. Let’s breathe in the future.

Contact

Milena Buarque Lopes Bandeira

[email protected]

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