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Mark Zuckerberg and Jensen Huang just gave us a Meta-Nvidia crossover we never saw coming

Business Insider

Business Insider · 1y ago

Mark Zuckerberg and Jensen Huang just gave us a Meta-Nvidia crossover we never saw coming

The CEOs of Meta and Nvidia, Mark Zuckerberg and Jensen Huang, have been seen exchanging fashion choices in a recent photo posted by Zuckerberg on Instagram. In the photo, Zuckerberg is wearing Huang's black leather jacket, while Huang is sporting the brown coat that Zuckerberg wore on a recent trip to Asia. This marks a departure from Zuckerberg's previous style of gray t-shirts and hoodies. Zuckerberg also seems to be developing a taste for luxury timepieces, expressing envy over a Richard Mille watch during a pre-wedding celebration. The meeting between Zuckerberg and Huang likely relates to Meta's investments in AI, including the acquisition of Nvidia chips.

Related News

Mark Zuckerberg says Nvidia CEO Jensen Huang is basically the Taylor Swift of tech

Business Insider

Business Insider · 1y ago

Mark Zuckerberg says Nvidia CEO Jensen Huang is basically the Taylor Swift of tech

Facebook CEO Mark Zuckerberg shared a photo of himself swapping jackets with Nvidia CEO Jensen Huang, jokingly comparing Huang to Taylor Swift in the tech world. This is not the first time Huang has been compared to the famous singer, and his work in Nvidia, especially in the field of artificial intelligence (AI), is crucial for Facebook's parent company, Meta. Zuckerberg has been accumulating Nvidia's chips to support Meta's AI ambitions, and the race for AI dominance has also elevated Nvidia's value to $2 trillion, surpassing Amazon and Alphabet. Nvidia representatives declined to comment on Zuckerberg's remarks.

Mark Zuckerberg joins exclusive $200 billion club, closes in on third-richest person in world

Internet

Internet · 9m ago

Mark Zuckerberg joins exclusive $200 billion club, closes in on third-richest person in world

Mark Zuckerberg, CEO of Meta, has joined the $200 billion club after increasing his wealth by $73.4 billion in 2024, bringing his total to $201 billion. He is now the fourth richest person globally, behind Elon Musk, Jeff Bezos, and Bernard Arnault. Meta's stock has surged 64% in 2024, contributing significantly to Zuckerberg's fortune. At the Meta Connect 2024 event, Zuckerberg highlighted Meta AI's success, noting nearly 500 million monthly users, with further growth expected in larger markets. Other tech moguls, like Jensen Huang (Nvidia) and Larry Ellison (Oracle), have also seen substantial gains in their wealth this year.

THIS billionaire is saving $8 billion in taxes. It’s not Mark Zuckerberg or Elon Musk

Livemint

Livemint · 7m ago

THIS billionaire is saving $8 billion in taxes. It’s not Mark Zuckerberg or Elon Musk

The world's ultra-rich, including tech moguls such as Elon Musk and Mark Zuckerberg, are employing financial strategies to reduce their tax burdens. Nvidia CEO Jensen Huang, ranked as the 10th wealthiest individual in the US, is reportedly evading $8 billion in taxes by passing on his savings to his family. Other high-profile individuals, such as Blackstone's Schwarzman and top executives at Google and Meta, have also been known to employ similar tactics to avoid paying taxes. Huang utilized irrevocable trusts and grantor-retained annuity trusts to minimize his tax liabilities.

Zuckerberg and Jensen show off their friendship, while an AI necklace covets yours

TechCrunch · 11m ago

Zuckerberg and Jensen show off their friendship, while an AI necklace covets yours

A fireside chat between Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg at SIGGRAPH 2024 turned casual, with an exchange of custom jackets and a slightly unsettling tomato-slicing anecdote. Meanwhile, vulnerabilities found in Bumble, Hinge, and other dating apps allowed users to be tracked within 2 meters of their physical location. Intel announced layoffs impacting 15,000 employees, citing declining revenue and difficulties in its AI initiatives. The SEC charged BitClout founder Nader Al-Naji with fraud and unregistered offering of securities. Additionally, Meta reached a $1.4 billion settlement with Texas attorney general over privacy violations.

Mark Zuckerberg Net Worth: Meta CEO adds maximum wealth, gets richer by ₹6.2 lakh crore in 2024 | Mint

Livemint

Livemint · 9m ago

Mark Zuckerberg Net Worth: Meta CEO adds maximum wealth, gets richer by ₹6.2 lakh crore in 2024 | Mint

- Mark Zuckerberg's net worth has increased by $74.7 billion in 2024, making him the world's third-richest person with a net worth of $203 billion. - Jensen Huang, CEO of NVIDIA, has seen his net worth grow by $60 billion this year, making him the 14th-richest person globally with a net worth of $104 billion. - Oracle CTO Larry Ellison's net worth has increased by $57 billion in 2024, making him the fifth-richest person in the world with a net worth of $180 billion. - Elon Musk's net worth has grown by $33 billion this year, placing him fourth on the list of Year to Date growth in wealth. - Mark Zuckerberg sees Meta as a technology company that will continue to focus on building the underlying technology platform rather than just being an app company. He aims for Meta to create impressive innovations and push the industry and world in different directions.

Nvidia’s Jensen Huang is third-highest net worth gainer, after Elon Musk and Mark Zuckerberg | Company Business News

Livemint

Livemint · 7m ago

Nvidia’s Jensen Huang is third-highest net worth gainer, after Elon Musk and Mark Zuckerberg | Company Business News

Nvidia, a leading chipmaking company, dominates the market with a 90% share of AI chips. As a result, the company's CEO, Jensen Huang, has seen a significant increase in his net worth, adding $76 billion in 2024 and reaching a total of $117 billion. His growth outpaced that of other billionaires, including Jeff Bezos, Elon Musk, and Mark Zuckerberg. Huang has played a crucial role in Nvidia's success, which specializes in AI technology and introduced AI-based services in 2012.

Mark Zuckerberg is sitting on a huge stockpile of AI chips as companies compete for limited supplies

Business Insider

Business Insider · 1y ago

Mark Zuckerberg is sitting on a huge stockpile of AI chips as companies compete for limited supplies

Nvidia's CEO, Jensen Huang, has stated that the company is striving to allocate its in-demand chips fairly and avoid unnecessary allocation amid high market demand. This announcement has brought attention to Meta CEO Mark Zuckerberg, who plans to acquire hundreds of thousands of chips for his generative AI-focused product group. The surge in chip demand has greatly boosted Nvidia's stock, with the company reporting strong quarterly revenues of $22.1 billion, a 265% YoY increase. Meta has yet to comment on the matter.

Nvidia CEO says company has not been asked to buy a stake in Intel

Economic Times

Economic Times · 3m ago

Nvidia CEO says company has not been asked to buy a stake in Intel

Nvidia CEO Jensen Huang clarified that the company was not approached to join a consortium to buy a stake in Intel. This follows reports suggesting a possible consortium involving Taiwan Semiconductor Manufacturing Co. Nvidia remains focused on meeting chip demand, especially from Meta Platforms. Huang addressed investor concerns about AI chip demand and potential shifts to U.S. production due to tariffs. Nvidia's collaboration with TSMC in Arizona is ongoing, and new chip facilities are planned.

Germany's Merz to meet Nvidia CEO on Friday: Report

Economic Times

Economic Times · 1m ago

Germany's Merz to meet Nvidia CEO on Friday: Report

German Chancellor Friedrich Merz is set to meet Nvidia CEO Jensen Huang on Friday. Huang previously announced plans to establish Nvidia's first artificial intelligence cloud platform for industrial applications in Germany.

NVIDIA's Huang delivers 1st DGX H200 AI supercomputer to OpenAI

Times Now · 1y ago

NVIDIA's Huang delivers 1st DGX H200 AI supercomputer to OpenAI

NVIDIA CEO Jensen Huang personally delivered the company's first DGX H200 AI supercomputer to ChatGPT-maker OpenAI. In a photo, Huang, OpenAI CEO Sam Altman and its President Greg Brockman can be seen with the supercomputer. Huang signed the supercomputer with the words "to advance AI, computing, and humanity". NVIDIA also donated an AI supercomputer to OpenAI in 2016.

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