Editor’s Note

While companies and investors worldwide brace for a potential slowdown, chip manufacturer Nvidia is basking in the glory of its success. Nvidia's recent achievement of temporarily becoming a $1 trillion company underscores its exceptional growth trajectory. This milestone sets it apart as the first chip manufacturer to enter this exclusive club. The company's market capitalization skyrocketed by nearly $200 billion in a single day! This surge alone accounted for almost double the market cap of Intel, which was the most dominant chipmaker globally until a few years ago.

Nvidia’s chips is a key component for companies trying to build something with AI. Over the past decade, Nvidia has developed AI-focused chips that is superior at parallel processing. It is the leader in supplying chips for server GPUs (graphic processing units), specifically designed to handle complex mathematical and graphical computations, which solidifies its position as a key supplier for companies engaged in AI development. The unprecedented growth in the company’s valuation is fueled by the growing demand for accelerated computing and generative AI. As the AI race between the tech giants intensifies, the need for Nvidia's chips grows multifold.

Nvidia's recent Computex 2023 keynote further underscored its commitment to AI advancements. While most tech giants are taking the cost-cutting route, they also appear to be investing in AI. Infact, AI as a share of big-tech’s capex and investments is surging at the expense of others.

Stakeholders across various industries must take note of this significant shift. The pace of AI's impact appears to be accelerating, surpassing initial expectations. However, the question lingers: Is the upturn in AI stocks a sustainable boom or a potential bubble? Only time will reveal the true trajectory of AI's influence and the impact across industries.

In this edition, we spoke to Tim Perry, Executive Consultant, AgFirst Farm Credit Bank and Co-Founder, Healthcare Too, about the healthcare industry, how technology should enable healthcare and some interesting trends in the industry.

The team also spoke to Seema Kumar, CEO, Cure and Founder, SEEMA magazine. She shared some insights about her growing up years and how that shaped her, her journey at Cure and the evolution of her magazine. We also have some insightful articles in this edition.

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Happy Reading!