Hayden Field,
Hayden Field is a reporter for CNBC's technology team. He covers topics such as artificial intelligence, chipmakers and online dating.
Biography:
https://www.cnbc.com/hayden-field/
72%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
85%
Examples:
- Nidvia shares are up more than 200% over the past 12 months due to seemingly limitless demand for its AI chips
- Nvidia is currently in an irrational exuberance phase with investors pouncing on anything and everything in AI space.
- Walid Berrazeg | Sopa Images | Lightrocket | Getty Images
Conflicts of Interest
50%
Examples:
- Nano-X uses AI in medical imaging. Nvidia’s disclosure of a $380,000 investment in the company sent the stock up 49% on Thursday.
- Nidvia acquired its stake in biotech company Recursion more recently. Like TuSimple, Recursion went public in 2021, but Nvidia bought in two years later through what’s called a private investment in public equity, or PIPE.
- Walid Berrazeg | Sopa Images | Lightrocket | Getty Images
Contradictions
85%
Examples:
- Nidvia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023.
- Nvidia acquired its stake in biotech company Recursion more recently. Like TuSimple, Recursion went public in 2021, but Nvidia bought in two years later through what’s called a private investment in public equity, or PIPE.
- Nvidia disclosed in a regulatory filing that it has stakes in a handful of public companies: Arm, SoundHound AI, Recursion Pharmaceuticals, Nano-X Imaging, and TuSimple. With the exception of Arm, shares of the Nvidia-backed companies soared Thursday following the 13F filing.
Deceptions
80%
Examples:
- Nidvia acquired its stake in biotech company Recursion more recently. Like TuSimple, Recursion went public in 2021, but Nvidia bought in two years later through what’s called a private investment in public equity, or PIPE.
- Nidvia shares are up more than 200% over the past 12 months due to seemingly limitless demand for its AI chips
- Nvidia is currently in an irrational exuberance phase with investors pouncing on anything and everything in AI space. No stock is hotter than Nvidia which passed Amazon in market value Tuesday and then Alphabet on Wednesday to become the third-most-valuable company in the U.S.
- Recursion shares spiked 14% on Thursday.
- SoundHound, which uses AI to process speech and voice recognition, jumped 67% on Thursday after Nvidia disclosed a stake that amounted to $3.7 million at the time of the filing.
Recent Articles
Nvidia's Investment in AI Startups: A Boost to Their Success or a Bias?
Broke On: Friday, 16 February 2024Nvidia, a trillion-dollar chipmaker, has been investing heavily in artificial intelligence (AI) startups through its Nventures arm and corporate development team. These investments have resulted in access to the company's researchers and engineers who know how to coax the most power out of GPUs used for large-scale AI development. The X factor for many of these startups is this access, which has been instrumental in their success.