Nvidia is crowned the smartest company in the world

04.07.2017 / 11:36

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Nvidia was crowned the smartest company in the world by MIT.

The graphic processing unit (GPU) manufacturer was announced as the smartest among all public and private companies by MIT because of its business savvy and innovative technologies.

The list, produced by MIT, listed other companies like SpaceX and Amazon at the top of the list, but neither could match the prowess of Nvidia.

"The list is our best guess as to which firms will be the dominant companies of the future. Amazon and Facebook and Google are on it, but so are plenty of newcomers."

The main advantage Nvidia has over its competition comes from the explosive growth in artificial intelligence.

As giant companies like Google and Apple try to develop their AI technologies, they often need huge data centers to speed along their research. Nvidia profits from this because these companies use its data-center and GPU chips when building and upgrading these centers.

Though not mentioned by MIT, the exciting field of cryptocurrencies could be another big business for Nvidia. The company is rumored to be producing a cryptocurrency mining-specific chip that could help it capitalize on the hype around currencies like Bitcoin and Ethereum.

Source: Bloomberg

Junior Trader Stefan Panteleev

Varchev Traders

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Nvidia is crowned the smartest company in the world

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