{"id":3771,"date":"2025-07-12T08:21:05","date_gmt":"2025-07-12T08:21:05","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/3771\/"},"modified":"2025-07-12T08:21:05","modified_gmt":"2025-07-12T08:21:05","slug":"nvidia-hits-4-trillion-market-cap","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/3771\/","title":{"rendered":"Nvidia Hits $4 Trillion Market Cap"},"content":{"rendered":"

This week in artificial intelligence, Nvidia<\/a> reached a record market capitalization, while Americans are using AI chatbots to get medical advice and restaurants are using robots end-to-end. Meanwhile, Microsoft<\/a> saved $500,000 using AI but still laid off workers.<\/p>\n

Nvidia Is First Company to Hit $4 Trillion Market Cap<\/p>\n

Nvidia, the dominant AI chipmaker, crossed into uncharted territory this week by being the first company to hit a market cap<\/a> of $4 trillion.<\/p>\n

As of early trading Friday (July 11), its market cap stood at $4.05 trillion. Shares were trading at $166.62, up 1.5% from the previous day. Thus far this year, the stock is up 22% as of Thursday\u2019s (July 10) close.<\/p>\n

Nvidia crossed the $1 trillion market cap threshold in June 2023, tripling that valuation in roughly a year. Microsoft and Apple<\/a> are the only other companies in the United States with a market value of more than $3 trillion.<\/p>\n

Nvidia commands 90% of the market for AI chips with its GPUs.<\/p>\n

Americans Turn to AI Chatbots for Medical Advice<\/p>\n

ChatGPT<\/a> correctly diagnosed a medical mystery<\/a> that haunted a Redditor<\/a> for at least a decade, according to a post on social platform X shared by OpenAI<\/a> President Greg Brockman<\/a>.<\/p>\n

The post underscored the trend of Americans increasingly using AI chatbots for medical advice. About 1 in 6 adults ask AI chatbots for health information and advice at least once a month.<\/p>\n

However, medical experts told PYMNTS that while chatbots can give immediate responses to medical questions, they can miss the nuances that a trained physician or therapist can spot.<\/p>\n

Restaurants Deploy Robots End-to-End<\/p>\n

Faced with shrinking margins, higher labor and food costs, and persistent workforce shortages, restaurants<\/a> are turning to robots to do things like serve customers, cook food, deliver goods and handle administrative tasks.<\/p>\n

The smart restaurant robot industry is expected to exceed $10\u202fbillion by 2030, driven by deployment across applications such as delivery, order taking and table service.<\/p>\n

Uber Eats<\/a> launched autonomous delivery robots in Dallas, Los Angeles, Atlanta, Miami, Austin, and Jersey City, New Jersey. Meanwhile, LG<\/a> acquired a 51% stake in Bear Robotics<\/a>, which provides robots that serve diners. Miso Robotics<\/a>\u2019 Flippy machines can cook fries and burgers. It has robots in White Castle<\/a>, Jack in the Box<\/a> and others. Richtech Robotics<\/a>\u2019 Adam serves cocktails, coffee and boba tea.<\/p>\n

Microsoft Claims $500 Million in Savings From AI<\/p>\n

Microsoft Chief Commercial Officer Judson Althoff<\/a> told employees that AI is improving efficiency in sales, customer service and software development<\/a>.<\/p>\n

The company saved over $500 million last year in its call centers alone while improving satisfaction for employees and customers. Microsoft is also using AI to handle interactions with smaller clients, a still-nascent effort that has already generated tens of millions of dollars in revenue.<\/p>\n

However, Microsoft has laid off about 15,000 employees this year, reigniting fears that AI is replacing human workers.<\/p>\n

For all PYMNTS AI coverage, subscribe to the daily AI Newsletter<\/a>.<\/p>\n

Read more:<\/p>\n","protected":false},"excerpt":{"rendered":"This week in artificial intelligence, Nvidia reached a record market capitalization, while Americans are using AI chatbots to…\n","protected":false},"author":2,"featured_media":3772,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,4320,253,1281,3,4321,3300,4322,74],"class_list":["post-3771","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-chatbots","tag-healthcare","tag-microsoft","tag-news","tag-nvidia","tag-pymnts-news","tag-restaurants","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/3771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=3771"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/3771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/3772"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=3771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=3771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=3771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}