New iPhones Have Qualcomm Satellite Modem, New Apple Radio Chips

Apple's vice president of Worldwide Product Marketing Kaiann Drance talks about the new iPhone 14 and iPhone 14 Plus for a special event at Apple Park in Cupertino, California, US in a still image from keynote video released September 7, 2022. Apple Inc./Handout via REUTERS
Apple's vice president of Worldwide Product Marketing Kaiann Drance talks about the new iPhone 14 and iPhone 14 Plus for a special event at Apple Park in Cupertino, California, US in a still image from keynote video released September 7, 2022. Apple Inc./Handout via REUTERS
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New iPhones Have Qualcomm Satellite Modem, New Apple Radio Chips

Apple's vice president of Worldwide Product Marketing Kaiann Drance talks about the new iPhone 14 and iPhone 14 Plus for a special event at Apple Park in Cupertino, California, US in a still image from keynote video released September 7, 2022. Apple Inc./Handout via REUTERS
Apple's vice president of Worldwide Product Marketing Kaiann Drance talks about the new iPhone 14 and iPhone 14 Plus for a special event at Apple Park in Cupertino, California, US in a still image from keynote video released September 7, 2022. Apple Inc./Handout via REUTERS

Apple Inc's iPhone 14 models contain a Qualcomm Inc chip that can talk to satellites, but have additional custom-designed Apple components used in the phone's biggest new feature, according to an analysis of the phone by iFixit and an Apple statement.

Apple released its iPhone 14 lineup on Friday. One of the major new features is the ability to connect to satellites to send emergency messages when there is no WiFi or cellular data connection, Reuters reported.

Apple said earlier this month that the iPhone 14 models contain new hardware that makes possible the emergency message service, which Apple plans to turn on with a software update coming in November. Apple did not give details about the satellite-specific hardware.

iFixit, a San Luis Obispo, California-based firm that disassembles iPhones and other consumer electronics to assess how easily they can be repaired, took apart an iPhone 14 Pro Max model on Friday, revealing a Qualcomm X65 modem chip.

The Qualcomm chip provides 5G connectivity for cellular networks but is also capable of using what is called band n53, the frequency band used by satellites from Globalstar.

Globalstar earlier this month announced a deal in which Apple will take up to 85% of Globalstar's satellite network capacity to enable Apple's new emergency messaging feature.

In a statement to Reuters on Saturday, Apple said there is additional proprietary hardware and software in the iPhone 14 for the new messaging feature.

“iPhone 14 includes custom radio frequency components, and new software designed entirely by Apple, that together enable Emergency SOS via satellite on new iPhone 14 models," Apple said in a statement.



AI Means Everyone Can Now Be a Programmer, Nvidia Chief Says 

Nvidia Corp CEO Jensen Huang speaks at the COMPUTEX forum in Taipei, Taiwan May 29, 2023. (Reuters) 
Nvidia Corp CEO Jensen Huang speaks at the COMPUTEX forum in Taipei, Taiwan May 29, 2023. (Reuters) 
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AI Means Everyone Can Now Be a Programmer, Nvidia Chief Says 

Nvidia Corp CEO Jensen Huang speaks at the COMPUTEX forum in Taipei, Taiwan May 29, 2023. (Reuters) 
Nvidia Corp CEO Jensen Huang speaks at the COMPUTEX forum in Taipei, Taiwan May 29, 2023. (Reuters) 

Artificial intelligence means everyone can now be a computer programmer as all they need to do is speak to the computer, Nvidia Corp CEO Jensen Huang said on Monday, hailing the end of the "digital divide".

Nvidia has surged to become the world's most valuable listed semiconductor company as a major supplier of chips and computing systems for artificial intelligence.

The company last week forecast second-quarter revenue more than 50% above Wall Street estimates and said it was boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.

Speaking to thousands of people at the Computex forum in Taipei, Huang, who was born in southern Taiwan before his family emigrated to the United States when he was a child, said AI was leading a computing revolution.

"There's no question we're in a new computing era," he said in a speech, occasionally dropping in words of Mandarin or Taiwanese to the delight of the crowd.

"Every single computing era you could do different things that weren't possible before, and artificial intelligence certainly qualifies," Huang added.

"The programming barrier is incredibly low. We have closed the digital divide. Everyone is a programmer now - you just have to say something to the computer," he said.

"The rate of progress, because it's so easy to use, is the reason why it's growing so fast. This is going to touch literally every single industry."

Nvidia's chips have helped companies such as Microsoft Corp add human-like chat features to search engines such as Bing.

Huang demonstrated what AI could do, including getting a program to write a short pop song praising Nvidia with only a few words of instruction.

He unveiled several new applications, including a partnership with the world's largest advertising group WPP for generative AI-enabled content for digital advertising.

Nvidia has strained to meet demand for its AI chips, with Tesla Inc TSLA.O CEO Elon Musk, who is reportedly building out an artificial-intelligence startup, last week telling an interviewer that the graphics processing units (GPUs) are "considerably harder to get than drugs".


Tourism Development Fund Acquires ISO Certification in IT Service Management

Tourism Development Fund Acquires ISO Certification in IT Service Management
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Tourism Development Fund Acquires ISO Certification in IT Service Management

Tourism Development Fund Acquires ISO Certification in IT Service Management

The Tourism Development Fund (TDF) has acquired the ISO/IEC 20000 Certification in Information Technology Service Management, issued by the International Organization for Standardization.

"This certificate comes in light of the successes achieved by TDF in raising the efficiency of its services, due to its adherence to international standards and specifications, and its keenness to develop the tourism sector and enable its digitization," CEO of TDF Qusai Al-Fakhri said.

He also stressed that this comes in line with the digital transformation, "which is one of the main objectives of the Saudi Vision 2030."


Saudi Astronauts Conduct Space Kite Experiment with School Students in Saudi Arabia

Saudi astronauts Rayyanah Barnawi and Ali Al-Qarni at the ISS. (SPA)
Saudi astronauts Rayyanah Barnawi and Ali Al-Qarni at the ISS. (SPA)
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Saudi Astronauts Conduct Space Kite Experiment with School Students in Saudi Arabia

Saudi astronauts Rayyanah Barnawi and Ali Al-Qarni at the ISS. (SPA)
Saudi astronauts Rayyanah Barnawi and Ali Al-Qarni at the ISS. (SPA)

Saudi astronauts Rayyanah Barnawi and Ali Al-Qarni conducted a second educational experiment, the “space kite”, from the International Space Station (ISS) with middle school students in Saudi Arabia.

The interaction, via satellite, is aimed at building and incentivizing a new generation of Saudi leaders, explorers and scientists whilst achieving the objectives of the Kingdom's Vision 2030 in terms of building cadres and enhancing a culture of research, development and innovation in students.

The Saudi Space Commission is organizing the educational experiments in partnership with the Communication, Space and Technology Commission, the Ministry of Education, King Abdulaziz and His Companions Foundation for Giftedness and Creativity (Mawhiba), and Al-Riyadh and Misk schools.

The experiment allowed students to communicate with the two astronauts, ask questions and compare research results from the astronaut's experience in a microgravity environment to students who are on the ground.

The experiment with middle school students tackled aerodynamics. It focused on comparing the aerodynamics of the space kite inside the microgravity environment of the ISS, versus what happens on Earth, showing them how the behavior is different on the ground as opposed to in space.

The experiments seek to increase the students' interest in science, technology, engineering and mathematics. They also aim to build human capital by attracting talents and developing the necessary skills in this field, contributing to enhancing the Kingdom's role in developing the space sector and its position in the global community in space science research and investing in research in the service of humanity.


Twitter Cannot Hide from EU Rules after Exit from Code, Breton Says

FILED - 26 April 2022, Bavaria, Kempten: The logo of Twitter is seen on the display of a laptop. Photo: Karl-Josef Hildenbrand/Deutsche Presse-Agentur GmbH/dpa
FILED - 26 April 2022, Bavaria, Kempten: The logo of Twitter is seen on the display of a laptop. Photo: Karl-Josef Hildenbrand/Deutsche Presse-Agentur GmbH/dpa
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Twitter Cannot Hide from EU Rules after Exit from Code, Breton Says

FILED - 26 April 2022, Bavaria, Kempten: The logo of Twitter is seen on the display of a laptop. Photo: Karl-Josef Hildenbrand/Deutsche Presse-Agentur GmbH/dpa
FILED - 26 April 2022, Bavaria, Kempten: The logo of Twitter is seen on the display of a laptop. Photo: Karl-Josef Hildenbrand/Deutsche Presse-Agentur GmbH/dpa

Twitter cannot run away from its obligations even after quitting a voluntary EU code of practice to tackle disinformation, EU industry chief Thierry Breton warned the company late on Friday.

Companies which signed up to the code are required to provide regular progress reports with data on how much advertising revenue they had averted from disinformation actors.

They also have to provide information on the number or value of political advertisements accepted or rejected and instances of manipulative behaviors detected.

"Twitter leaves EU voluntary code of practice against disinformation. But obligations remain. You can run but you can't hide," Breton said in a tweet.

"Beyond voluntary commitments, fighting disinformation will be legal obligation under DSA as of August 25. Our teams will be ready for enforcement,” Reuters quoted him as saying.

Since Twitter was acquired by billionaire Elon Musk for $44 billion last October, the company has cut thousands of jobs and made numerous changes.

The Digital Services Act (DSA) obliges Twitter, Google, Meta Platforms Inc, Microsoft Corp, Alibaba's AliExpress and five other large online platforms to do more to tackle illegal online content.

Companies face fines of as much as 6% of their global turnover for violations.

Twitter, which no longer has a public relations department, responded to an emailed request for comment with a poop emoji.


Washington and Tokyo Vow Closer Chip Cooperation

FILE - Japan's Economy Minister Yasutoshi Nishimura speaks during a joint news conference by host country Japan, Germany and Italy in the G7 ministers' meeting on climate, energy and environment in Sapporo, northern Japan, on April 16, 2023. (AP Photo/Hiro Komae, File)
FILE - Japan's Economy Minister Yasutoshi Nishimura speaks during a joint news conference by host country Japan, Germany and Italy in the G7 ministers' meeting on climate, energy and environment in Sapporo, northern Japan, on April 16, 2023. (AP Photo/Hiro Komae, File)
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Washington and Tokyo Vow Closer Chip Cooperation

FILE - Japan's Economy Minister Yasutoshi Nishimura speaks during a joint news conference by host country Japan, Germany and Italy in the G7 ministers' meeting on climate, energy and environment in Sapporo, northern Japan, on April 16, 2023. (AP Photo/Hiro Komae, File)
FILE - Japan's Economy Minister Yasutoshi Nishimura speaks during a joint news conference by host country Japan, Germany and Italy in the G7 ministers' meeting on climate, energy and environment in Sapporo, northern Japan, on April 16, 2023. (AP Photo/Hiro Komae, File)

The United States and Japan will deepen cooperation in the research and development of advanced chips and other technologies, they said on Friday, the latest sign of the two allies strengthening ties in semiconductors.

The move, which also includes collaboration on quantum computing and discussions on artificial intelligence, comes as both Washington and Tokyo reduce exposure to China and work together to expand chip manufacturing and secure advanced components essential for economic growth.

The United States, Japan and other members of the Group of Seven (G7) advanced nations last week agreed to "de-risk" but not decouple from China, underscoring the deep concern among advanced democracies about China's rising technological might and its lockhold on technology supply chains.

In a joint statement, the two countries agreed to increase cooperation between their research and development hubs, as they map out future technology collaboration.

The statement came after Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura met in Detroit with US Secretary of Commerce Gina Raimondo, Reuters reported.

The two countries agreed to work together "to identify and resolve geographic concentrations of production undermining semiconductor supply chain resilience". They also committed to strengthening supply chains by collaborating with emerging and developing countries.

Japan has established a new chip maker, Rapidus, that is working with International Business Machines Corp (IBM) to develop advanced logic semiconductors, and is offering subsidies to US memory maker Micron Technology Inc so it can expand production there.

Japan, along with the Netherlands, has also agreed to match US export controls that will limit the sale of some chipmaking tools to China.

Raimondo on Thursday met China's Minister of Commerce Wang Wentao in Washington where the pair exchanged views on trade, investment and export policies.


Portugal Moves Closer to Banning Chinese Suppliers from 5G

People waiting at the bust stand near the 'MY 5G' advert on a LED screen in Kuala Lumpur, Malaysia, 03 May 2023.  EPA/FAZRY ISMAIL
People waiting at the bust stand near the 'MY 5G' advert on a LED screen in Kuala Lumpur, Malaysia, 03 May 2023. EPA/FAZRY ISMAIL
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Portugal Moves Closer to Banning Chinese Suppliers from 5G

People waiting at the bust stand near the 'MY 5G' advert on a LED screen in Kuala Lumpur, Malaysia, 03 May 2023.  EPA/FAZRY ISMAIL
People waiting at the bust stand near the 'MY 5G' advert on a LED screen in Kuala Lumpur, Malaysia, 03 May 2023. EPA/FAZRY ISMAIL

Portugal's cybersecurity council CSSC has issued a resolution that could formally bar telecom operators from using Chinese equipment in their high-speed 5G mobile networks as well 4G platforms on which the new technology is based.

The CSSC is the prime minister's consultative body and its document, dated May 23, is another blow to efforts by Chinese technology giant Huawei to enter the 5G market in Portugal and possibly extend existing contracts, Reuters reported.

Under a law approved last August, the government can determine "the exclusion, restrictions on use, or the cessation of use of equipment or services" of telecom companies, setting conditions and deadlines for operators to comply.

The government had no immediate comment.

The country's main operators, Altice, NOS and Vodafone have already said they will not use Huawei's equipment in 5G core networks, amid European and US concerns that Chinese involvement in critical infrastructure could compromise security. Beijing and Huawei reject such suggestions.

Portugal's existing 5G networks are not standalone and still largely based on 4G technology and equipment.

Without mentioning China or any Chinese suppliers by name, the CSSC warned of a "high risk" to security from suppliers or providers that "are headquartered in a country where the government exercises control, interference or pressure on its activities in third countries".

Its opinion is based on an undisclosed report that evaluated the safety of equipment in public electronic communications networks involving 5G technology.

It also cited security risks when the country where a supplier is based has no agreements on data protection, cybersecurity or protection of intellectual property with Portugal or the European Union, or when it is not an EU, NATO or OECD member.

Huawei said in a statement it had "no prior knowledge of, and hasn't been consulted about this matter" and it was still gathering information "on the nature of the assessment" and hoped to continue serving Portuguese clients.

Europe has emerged as a battleground in the technology rivalry between Beijing and Washington and Huawei's European competitors, Ericsson and Nokia, could become a supplier duopoly if the Chinese company were shut out.


OpenAI CEO Reverses Earlier Threat to Leave Europe

FILE PHOTO: The logo of OpenAI is displayed near a response by its AI chatbot ChatGPT on its website, in this illustration picture taken February 9, 2023. REUTERS/Florence Lo/Illustration/File Photo
FILE PHOTO: The logo of OpenAI is displayed near a response by its AI chatbot ChatGPT on its website, in this illustration picture taken February 9, 2023. REUTERS/Florence Lo/Illustration/File Photo
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OpenAI CEO Reverses Earlier Threat to Leave Europe

FILE PHOTO: The logo of OpenAI is displayed near a response by its AI chatbot ChatGPT on its website, in this illustration picture taken February 9, 2023. REUTERS/Florence Lo/Illustration/File Photo
FILE PHOTO: The logo of OpenAI is displayed near a response by its AI chatbot ChatGPT on its website, in this illustration picture taken February 9, 2023. REUTERS/Florence Lo/Illustration/File Photo

OpenAI has no plans to leave Europe, CEO Sam Altman said on Friday, reversing a threat made earlier this week to leave the region if it becomes too hard to comply with upcoming laws on artificial intelligence.

The EU is working on what could be the first set of rules globally to govern AI and Altman on Wednesday said the current draft of the EU AI Act was "over-regulating".

"We are excited to continue to operate here and of course have no plans to leave," Altman said in a tweet on Friday.

His threat of quitting Europe had drawn criticism from EU industry chief Thierry Breton and a host of other lawmakers.

Altman has spent the past week crisscrossing Europe, meeting top politicians in France, Spain, Poland, Germany and the Britain to discuss the future of AI, and progress of ChatGPT.

According to Reuters, he called his tour a "very productive week of conversations in Europe about how to best regulate AI!"

OpenAI had faced criticism for not disclosing training data for its latest AI model GPT-4. The company had cited a "competitive landscape and safety implications" for not disclosing the details.

While debating the AI Act draft, EU lawmakers added new proposals that would force any company using generative tools, like ChatGPT, to disclose copyrighted material used to train its systems.

"These provisions relate mainly to transparency, which ensures the AI and the company building it are trustworthy," Dragos Tudorache, a Romanian member of the European Parliament who is leading the drafting of EU proposals, told Reuters on Thursday.

"I don't see a reason why any company would shy away from transparency."


CEO: Baidu Will 'Very Soon' Officially Launch Generative AI Model

FILE PHOTO: Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File Photo
FILE PHOTO: Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File Photo
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CEO: Baidu Will 'Very Soon' Officially Launch Generative AI Model

FILE PHOTO: Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File Photo
FILE PHOTO: Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File Photo

Chinese search engine giant Baidu's CEO Robin Li said on Friday that the company will "very soon" officially launch Ernie 3.5, a generative AI large-language model that will power Baidu's ChatGPT-like app Ernie Bot and upgrade its search engine.

Li made the announcement at the Zhongguancun Forum, one of China's most well-known technology forums, around two months after Ernie Bot was first shown to the public to mixed reviews.



Since then, Ernie Bot and other products powered by the company's generative AI large-language model have remained in trial mode, with a select number of companies and users invited to test the products and provide feedback.


Researchers Find Israeli-Made Spyware Deployed across Armenia

A man walks past the logo of the Israeli firm NSO Group at one of its branches in the Arava Desert of Israel on July 22, 2021. (Reuters)
A man walks past the logo of the Israeli firm NSO Group at one of its branches in the Arava Desert of Israel on July 22, 2021. (Reuters)
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Researchers Find Israeli-Made Spyware Deployed across Armenia

A man walks past the logo of the Israeli firm NSO Group at one of its branches in the Arava Desert of Israel on July 22, 2021. (Reuters)
A man walks past the logo of the Israeli firm NSO Group at one of its branches in the Arava Desert of Israel on July 22, 2021. (Reuters)

Researchers have discovered Israeli-made Pegasus phone hacking software deployed against targets across Armenia, including reporters at a US government-funded news organization, a report released on Thursday found.

A team of researchers from digital rights group Access Now, human rights organization Amnesty International, Canadian internet watchdog Citizen Lab, Armenian digital defense group CyberHUB-AM and independent researcher Ruben Muradyan, said they had confirmed at least 12 cases in which espionage software made by Israel's NSO Group had been used against Armenian officials, journalists and organizers.

What researchers were able to confirm "is the tip of the iceberg," said Natalia Krapiva, the tech-legal counsel for Access Now. "The targeting was quite extensive."

Pegasus is one of many advanced espionage tools that affords hackers sweeping access to their targets' smartphones, allowing them to record calls, intercept messages and even transform the phones into portable listening devices.

Researchers, lawmakers, and journalists have repeatedly accused the technology's maker, Israel-based NSO Group, of helping governments spy on political opponents. In 2021, the company was blacklisted by the US government over human rights concerns.

In an email, NSO Group said it was unable to address the specific allegations made by the coalition of researchers but that it would "investigate all credible allegations of misuse".

The company has previously disputed accusations of wrongdoing, saying its software is used to fight terrorism and serious crime.

One of the alleged Armenian victims of NSO's spyware said those explanations do not reflect reality.

"That's a kind of ridiculous umbrella for the companies that create these products and the governments that use them," Armenian opposition broadcaster Samvel Farmanyan told Reuters.

He added that his targeting was "totally unacceptable (and had) nothing to do with the prevention of any type of crime or terrorism."

Azerbaijan denies responsibility

The researchers said they believed neighboring Azerbaijan, which has fought several wars with Armenia over the disputed chunk of territory known as Nagorno-Karabakh or Artsakh, was likely responsible for the hacking activity.

That's in part because of "extensive evidence" that Azerbaijan's government has previously used Pegasus against its domestic opponents, said Amnesty's Donncha O Cearbhaill, referring to a 2021 investigation by Amnesty and other partners that found hundreds of Azeri phone numbers had been selected for targeting with Pegasus spyware.

The Azeri Embassy in London said in a statement that Azerbaijan "does not engage in such practices" and "does not spy on foreign citizens".

The Armenian government has in the past been implicated in the deployment of phone hacking software, including in a report published last year by Alphabet's Google.

While that report pointed to a different spyware, known as Predator, several Pegasus victims in Armenia said they feared their own government was behind the recent surveillance.

The Armenian Embassy in London said its government rejected the alleged use of spyware at the "highest level".

"Prime Minister Nikol Pashinyan made a strong public statement categorically rejecting the circulating information that the authorities used spyware against opponents and/or journalists," it said in a statement.

Pashinyan and family members had also received messages warning that their devices may have been compromised, it added.

Reuters spoke to several alleged victims identified by the researchers. All said Apple Inc had sent them warnings in 2021 that their iPhones were at risk from spyware. They later discovered traces of Pegasus on their devices through forensic analyses.

Two of them were journalists with the US government-funded Radio Free Europe/Radio Liberty (RFE/RL), something RFE/RL executive Patrick Boehler said was "truly terrifying and appalling".

"If we cannot protect our sources, it has consequences for the depth and breadth of our journalism," he said.

Other alleged victims included Varuzhan Geghamyan, an academic and expert on Armenian-Azeri relations, and Ruben Melikyan, a lawyer and human rights activist.

They all condemned the spying.

"Psychologically it's devastating," said Farmanyan, the broadcaster.


Nvidia Close to Becoming First Trillion-Dollar Chip Firm after Stellar Forecast

H100, Nvidia's latest GPU optimized to handle large artificial intelligence models used to create text, computer code, images, video or audio is seen in this photo, Santa Clara, CA US, September 2022. (NVIDIA/Handout via Reuters)
H100, Nvidia's latest GPU optimized to handle large artificial intelligence models used to create text, computer code, images, video or audio is seen in this photo, Santa Clara, CA US, September 2022. (NVIDIA/Handout via Reuters)
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Nvidia Close to Becoming First Trillion-Dollar Chip Firm after Stellar Forecast

H100, Nvidia's latest GPU optimized to handle large artificial intelligence models used to create text, computer code, images, video or audio is seen in this photo, Santa Clara, CA US, September 2022. (NVIDIA/Handout via Reuters)
H100, Nvidia's latest GPU optimized to handle large artificial intelligence models used to create text, computer code, images, video or audio is seen in this photo, Santa Clara, CA US, September 2022. (NVIDIA/Handout via Reuters)

Nvidia Corp soared about 25% on Thursday to near a market value of $1 trillion after its stellar forecast showed that Wall Street has yet to price in the game-changing potential of AI spending.

The surge added to a more than two-fold rise in the stock this year and was set to increase the chip designer's value by about $190 billion to nearly $945 billion. That makes Nvidia twice the size of the second-most valuable chip firm, Taiwan's TSMC.

The jump was just shy of the largest one-day value gain for a US firm, a record held by Apple Inc's $190.90 billion valuation rise on Nov. 10.

Nvidia's rosy earnings also sparked a rally in the chip sector and AI-focused firms, lifting stock markets from Japan to Europe. In the US, companies including Alphabet Inc, Microsoft Corp and AMD rose between 3% and 10%.

Analysts rushed to raise their price targets on Nvidia stock, with 27 lifting their view on the idea that all roads in AI lead to the company as it dominates the market for chips used to power ChatGPT and many similar services.

The mean price target has more than doubled this year. At the highest view, a $600 price target from Rosenblatt Securities and HSBC, Nvidia will have a value of $1.48 trillion, more than Amazon.com Inc, the fourth-most valuable US company.

"In the 15+ years we have been doing this job, we have never seen a guide like the one Nvidia just put up with the second-quarter outlook that was by all accounts cosmological, and which annihilated expectations," Stacy Rasgon of Bernstein said.

Nvidia, the fifth-most valuable US company, on Wednesday projected quarterly revenue more than 50% above the average Wall Street estimate and said it would have more supply of AI chips in the second half to meet a surge in demand.

CEO Jensen Huang said $1 trillion worth of current equipment in data centers would have to be replaced with AI chips, as generative AI is applied into every product and service.

The results bode well for Big Tech companies, which have shifted focus to AI on hopes the technology would help attract demand at a time their profit engines of digital advertising and cloud computing are under pressure from a weak economy.

Some analysts said Nvidia's results show that the generative AI boom could be the next big driver of growth.

"We're really just seeing the tip of the iceberg. This really could be another inflection point in technological history, such as the internal combustion engine - or the internet," said Derren Nathan, head of equity analysis at Hargreaves Lansdown.