27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Semiconductor company NVIDIA Corp (NASDAQ:NVDA) collaborated with Reliance Industries to advance AI in India.
As per the deal, the companies will create a foundation large language model trained on diverse languages and tailored for generative AI applications in the country.
With the deal, Reliance Jio Infocomm and Reliance Industries' telecom are foraying into the AI world.
Akash Ambani, chairman of Reliance Jio Infocomm, said, "Together, we will develop a state-of-the-art AI cloud infrastructure that is secure, sustainable and deeply relevant across India, accelerating the nation's journey towards becoming an AI powerhouse."
Related: Mukesh Ambani Takes On Sam Altman? Reliance, NVIDIA To Build ChatGPT Rival Tailored For India
The companies together plan to create AI infrastructure that is more powerful than the fastest supercomputer in India, with NVIDIA offering access to its advanced NVIDIA GH200 Grace Hopper Superchip and NVIDIA DGX Cloud.
Moreover, Reliance will create AI applications and services for its 450 million Jio customers and deliver energy-efficient AI infrastructure to scientists, developers and startups across India.
The companies expect to host AI infrastructure in AI-ready computing data centers, eventually expanding to 2,000 MW with execution and implementation to be managed by Jio.
"We are delighted to partner with Reliance to build state-of-the-art AI supercomputers in India. India has scale, data and talent. With the most advanced AI computing infrastructure, Reliance can build its own large language models that power generative AI applications made in India, for the people of India." said Jensen Huang, founder and CEO of NVIDIA.
Also Read: Nvidia CEO Jensen Huang Sells $42 Million In Shares: What Investors Should Know
Price Action: NVDA shares are trading lower by 0.46% at $460.30 premarket on the last check Friday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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