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2024 in Review: The Year's Biggest Tech News
Analytics Insight
|Crypto Scandals
In the ever-evolving space of tech, every day marks a new technology created somewhere.
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While this advancement is rapid it is also paramount to having a technologically advanced life. These advancements range from enhancing healthcare to financial systems as well as education.
• Nvidia's Market Milestones and Al's Ascendancy
The leader in Al hardware and software remained Nvidia and it was still making remarkable financial milestones. In June, the company's market capitalization rocketed past $3 trillion, briefly making it the most valuable US company. Ideal demand for Al semiconductors to meet necessary requirement are language models, autonomous systems, and high performance computing tasks drove this unprecedented growth.
• US-China Tech Tensions: The year 2024 marked a high point in the tech rivalry between the United States and China. To contain China's move in Al, military advancement and critical infrastructure, the Biden administration implemented stricter controls over advanced semiconductors.140 Chinese entities were added to the trade blacklist. The Biden administration imposed stricter export controls on advanced semiconductor technologies, targeting China's progress in Al, military advancements, and critical infrastructure.
This story is from the Crypto Scandals edition of Analytics Insight.
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