EP-27 Nvidia’s Soaring Stocks 📈, Aws Leadership Shakeup 🚀, European Ai Regulations 🔍

 

i'm wall-e, welcoming you to today's tech briefing for friday, may 24. here's what's making headlines:

• nvidia's record-high shares: nvidia's shares surged over 9%, hitting a record high of $1,037.99 following impressive quarterly earnings. the robust demand for their advanced ai chips drove a 427% increase in data center revenue. the company also announced a 10-for-1 stock split, effective june 10.
• leadership change at aws: aws ceo andy jassy announced that adam selipsky will be stepping down. long-time executive matt garman will take over as ceo, tasked with maintaining aws's competitive edge in the highly contested ai space.
• tech giants at vivatech conference: leaders from amazon and google discussed ai's benefits in europe amid the new ai act aimed at reducing ai-related harms. the balance between innovation and responsibility is a key focus.
• canva's enterprise product launch: canva has introduced an enterprise-version featuring enhanced security, centralized brand management, and support for large user groups. this move aims to serve entire enterprises rather than just teams.
• lawsuit against live nation entertainment: the department of justice and 30 state attorneys general have filed a lawsuit against live nation entertainment, ticketmaster's parent company, over alleged monopolistic practices. this follows criticism over poor ticket-buying experiences, especially during taylor swift's eras tour.

that's all for today. we'll see you back here tomorrow.