The 7th Trillion Dollar Company?

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

China Files 6X More Generative AI Patents Than US Despite Nvidia Chip Export Ban: UN Report

Benzinga Neuro
July 03, 2024

China has surged ahead in the global race for generative AI patents, according to a recent UN report, despite U.S. sanctions.

What Happened: China has taken a commanding lead in the field of generative AI, surpassing the United States by a significant margin, as per a UN report published on Wednesday.

Generative AI, which encompasses the creation of text, images, computer code, and music from existing data, has seen an explosion of patents, with over 50,000 applications submitted in the past decade.

The World Intellectual Property Organization (WIPO) revealed that China filed over 38,000 GenAI patents between 2014 and 2023, a figure six times higher than the 6,276 patents filed by the United States during the same period.

The report also highlighted the broad spectrum of sectors covered by Chinese patent applications, including autonomous driving, publishing, and document management.

Among the top applicants were China’s ByteDance, the owner of the video app TikTok; Chinese e-commerce giant Alibaba Group; and Microsoft Corp., a backer of OpenAI, the startup that created ChatGPT.

“This is a booming area this is an area that is growing at increasing speed. And it’s somewhere that we expect to grow even more,” Christopher Harrison, WIPO Patent Analytics Manager said, as per a Reuters report.

Read Also: Antony Blinken Slams China For Fueling ‘Biggest Security Threat’ Since End Of Cold War By Aiding Russia Amid Ukraine War

Why It Matters: Despite the U.S. imposing sanctions on the export of high-end chips, China’s AI sector has continued to thrive. In April, it was reported that Chinese entities had managed to acquire high-end NVIDIA Corp (NASDAQ:NVDA) chips despite the U.S. ban, through third-party vendors.

These chips were integrated into servers manufactured by Super Micro Computer Inc., Dell Technologies Inc., and Gigabyte Technology Co Ltd.

China’s AI ambitions were further highlighted in January when the country announced its intention to become a global leader in AI infrastructure by 2027. The Ministry of Industry and Information Technology’s policy document outlined key technologies and facilities necessary for a technologically advanced future economy, setting the stage for China to achieve global AI leadership.

Read Next:

  • JPMorgan, UBS, Morgan Stanley, And Other Investment Banks Scale Back China Operations Amid Falling Profits And Market Challenges

Image Generated With AI Via MidJourney

This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote

Continue Reading...

Popular

8 Large Cap Stocks That Outperformed Nvidia Over The Past Year

Nvidia surged 217.58% over the past year, 173.78% year-to-date. Here are eight large-cap stocks that outperformed it this past year.

Cathie Wood-Led Ark Invest Dumps $4.3M Worth Of Nvidia Shares Amid Rebound -- Swoops Into Buy Stock Of This Netflix Rival

On Tuesday, June 25, 2024, Cathie Wood-led Ark Invest made significant trades in NVIDIA Corp (NASDAQ:NVDA) and Roku Inc (NASDAQ:ROKU), amidst considerable market volatility.

Exposed: 3 Cent Crypto to Explode July 22nd? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Tesla Model 3 Long Range Now Qualifies For Full $7,500 Tax Credit

Tesla Inc (NASDAQ: TSLA) announced the new Model 3 Long Range (LR) now qualifies for the full $7,500 federal tax credit in the

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Top 3 Materials Stocks That May Explode In Q2

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Michael Dell Says Generative AI Tech Wave Sweeping In Much Faster Than Early Internet: 'It's Happening Maybe 10 Times Faster'

Michael Dell, CEO of Dell Inc., compared the rise of generative AI to major technological advancements like the internet, noting its rapid adoption and significant impact on the global market.

Elon Musk's Chilling Warning for Humanity - Ad

Elon Musk warned that humanity will soon be 'obsolete.' Every port, railroad, highway, and airport in America is facilitating a kind of 'invasion' that will bring about centuries worth of change in the next few years. If Elon and the research are correct -- the results could be devastating for the average American.

The 'AI Big 10': 10 AI Stocks Now Comprise 28% Of S&P 500, Up From 14% In 2023

SPDR S&P 500 ETF has risen 30% in 8 months, thanks to AI stocks taking up large part of index. NVIDIA's success accounts for half of S&P 500's growth.

Celsius And PayPal Were Among The 10 Biggest Large Cap Losers Last Week (June 9-June 15): Are These In Your Portfolio?

10 worst performers in last week: Celsius Holdings, Gold Fields, Paramount Global, Warner Bros. Discovery, PayPal, Samsara, Orange, Nutrien, Mobileye, Zoom, & MicroStrategy.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Canadian Vs. U.S. Cannabis Companies: Who Is Winning The Market Race To Weed Profits?

The financial landscapes of Canadian and U.S. cannabis operators showcase distinct paths in the quest for profitability, driven by varying market dynamics and regulatory environments. According to recent financial data from Beacon Securities, the analysis of key financial metrics such as EV/EBITDA and P/CFO ratios reveals crucial insights.

The Presidential Candidate You Should Really Be Worried About - Ad

Most Americans are overlooking the seemingly impossible candidate that should worry you. It's not Biden... Trump... Newsom... or even Michelle. It's someone even worse. New evidence of a secret plan indicates he could soon return, and finish what he started.

State Street Technology ETF To Put Nvidia Before Apple In Revamp

Tech ETF to boost Nvidia exposure at Apple's expense, triggering billions in trading volume. Rebalance to reflect Nvidia's market value surpassing Apple's.

July 29 Deadline: The No. 1 Monthly Dividend ETF - Ad

It's paying 161% bigger dividends than aristocrats, and it's up 5.62% since making its newest announcement. If you add it to your portfolio before July 29, you'll secure a payout of $2.05 PER SHARE!

Federal appellate panel sends Michigan pipeline challenge to state court

Michigan Attorney General Dana Nessel's lawsuit seeking to shut down part of a petroleum pipeline that runs beneath the Straits of Mackinac belongs in state court, a federal appellate panel ruled Monday.

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

65% Of New Hampshire Residents Support Legalizing Adult-Use Cannabis, New Poll Shows

New Hampshire poll shows 65% support for recreational cannabis legalization despite legislative setbacks. Public opinion pushes for reform.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Issey Miyake’s wind-inspired show takes flight at Paris Fashion Week

PARIS (AP) — Diaphanous origami-like sculptures that floated like spring seeds caught in the wind captured the essence of the subtle, rich, and exquisite display from Issey Miyake at Paris Fashion Week — one of the strongest in seasons.

Kansas governor signs bills enabling effort to entice Chiefs and Royals with new stadiums

TOPEKA, Kan. (AP) — Kansas' governor signed legislation Friday enabling the state to lure the Super Bowl champion Kansas City Chiefs and Major League Baseball's Royals away from neighboring Missouri by helping the teams pay for new stadiums.

Buy These 3 Stocks Before the FDA's Anticipated Announcement - Ad

See this ASAP! This could NOT be more urgent.... Ian King has identified 3 little-known stocks that could go up 10X in the coming years. It's all thanks to a breakthrough product that could save billions of lives. Maybe even yours.

Outside Last Week's Debate, Trump Gained Momentum With Two Major Supreme Court Developments — For Better Or Worse

Former U.S. President Donald Trump has experienced a series of political triumphs this week, following President Joe Biden's lackluster performance in their inaugural debate and two positive Supreme Court rulings.

Biofuel groups envision ethanol-powered jets. But fueling the effort has not been easy

MENOKEN, N.D. (AP) — Some day, the passenger jets that soar 35,000 feet (10.6 kilometers) over Dan McLean’s North Dakota farm could be fueled by corn grown on his land and millions of other acres across the Midwest.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

Relatives of people killed in 2 Boeing Max crashes ask the US to fine the company $24.8 billion

Families of some of the people who died in two Boeing 737 Max crashes are asking federal officials to fine Boeing $24.8 billion and move quickly to prosecute the company on a criminal charge that was set aside three years ago.

The Election Shock Nobody Expected... (But You'll See it Coming) - Ad

It comes down to just 9 words... Nine simple words which when spoken, will determine the outcome of the 2024 election... These words have nothing to do with Trump, the economy, or what's happening in Ukraine, China or Israel. This is the scandal that isn't being reported (yet.) But my political operatives tracked down this story.

What's Going On With Ocean Power Technologies Stock After Hours?

Ocean Power Technologies said it signed an Original Equipment Manufacturer agreement with Teledyne Marine, a division of Teledyne Technologies in an effort to  to enhance Ocean Power's product offerings and drive innovation within the industry.

Apple Chip Veteran Joins Sam Altman-Backed AI Startup To Lead Hardware Engineering

Rain AI, a San Francisco-based startup, has appointed a former Apple Inc. chip executive to head its hardware engineering division. The new hire is expected to play a crucial role in the company's quest to develop innovative semiconductors for artificial intelligence.

Nvidia Is Now Part of $3 Trillion Market Cap Club - Ad

Nvidia has become the third company ever to have a market cap greater than $3 trillion. And now, Nvidia is pivoting to the next AI frontier it plans to conquer. This recent move is valued at $1 trillion... at least. A small handful of Nvidia's other partners could see their own stocks benefit from it.

Micron Technology Plans Major US Expansion And Eyes Malaysia For HBM Production To Compete With SK Hynix And Samsung: Report

In a bid to compete with South Korean rivals, Micron Technology Inc is planning to expand its high-bandwidth memory chip production in the U.S. significantly and is also considering manufacturing in Malaysia.

The Washington Post's leaders are taking heat for journalism in Britain that wouldn't fly in the US

NEW YORK (AP) — of The Washington Post are being haunted by their pasts, with ethical questions raised about their actions as journalists in London that illustrate very different press traditions in the United States and England.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service