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Jensen Huang, co-founder and CEO of Nvidia, displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference in San Jose, California, on March 18, 2024.

David Paul Morris/Bloomberg via Getty Images

Nvidia CEO Jensen Huang is expected to reveal details about Rubin, the chipmaker’s next AI graphics processor, on Tuesday at the company’s annual GTC conference. 

While other tech companies usually name their products using combinations of inscrutable letters and numbers, most of Nvidia’s most recent GPU architectures have been named after famous women scientists.

Nvidia is naming its next critical AI chip platform after Vera Rubin, an American astronomer.

The company has never explained its naming convention, and hasn’t emphasized the diversity aspect of its choices, but Nvidia’s chip names that highlight women and minority scientists are one of the most visible efforts to honor diversity in the tech industry during a period where diversity, equity and inclusion, or DEI, initiatives are being slashed by the Trump administration.

Rubin discovered a lot of what is known about “dark matter,” a form of matter that could make up a quarter of the matter of the universe and which doesn’t emit light or radiation, and she advocated for women in science throughout her career.

Nvidia has been naming its architectures after scientists since 1998, when its first chips were based on the company’s “Fahrenheit” microarchitecture. It’s part of the company’s culture – Nvidia used to sell an employee-only t-shirt with cartoons of several famous scientists on it.

It’s one of Nvidia’s quirks that has received more attention as it’s risen to become one of the three most-valuable tech companies and one of the most important suppliers to Google, Microsoft, Amazon, OpenAI, Tesla and Meta.

Investors want to hear on Tuesday how fast the Rubin chips will be, what configurations it will come in and when it might start shipping.

Before revealing a new architecture, Nvidia CEO Jensen Huang usually gives a one-sentence biography of the scientist it’s named after.

“I’d like to introduce you to a very, very big GPU named after David Blackwell, mathematician, game theorist, probability,” Huang said at last year’s GTC conference. “We thought it was a perfect name.”

Rubin is a fitting name for Nvidia’s next chip, which comes as the company tries to solidify the gains it has made in recent years as the leader in AI hardware. “Vera” will refer to Nvidia’s next-generation central processor, and “Rubin” will refer to Nvidia’s new GPU.

FILE PHOTO: World famous astronomer Vera Rubin, 82, in her office at Carnegie Institution of Washington in Washington, DC on January 14, 2010.

Linda Davidson | The Washington Post | Getty Images

Born in Philadelphia in 1928, Rubin studied deep space and worked with other scientists to develop better telescopes and instruments that could collect more detailed data about the universe. In 1968, according to a Nova documentary, she started observing the Andromeda galaxy and collecting the data that would upend science’s understanding of our universe.

Her primary claim to fame came after she observed how quickly galaxies rotate.

“The presumption was that the stars near the center of a galaxy would be orbiting very rapidly, and stars at the outside would be going very slowly,” Rubin said in 1987.

But Rubin realized that she was observing that outer stars were moving quickly, contrary to expectations. They weren’t flying out of orbit, which meant that there had to be more mass scientists weren’t observing — confirming the concept of dark matter.

She was acclaimed during her lifetime, published over 100 papers and held three advanced degrees, but she still faced discrimination because of her sex. Early in her career, Rubin wasn’t allowed to collect her own data, and some observatories didn’t allow women, according to the documentary.

Rubin died in 2016. In 2019, the Vera C. Rubin Observatory, a state-of-the-art telescope in Chile, was named after her. A biography on the federally-funded observatory’s website was edited to remove details about her advocacy for women in science earlier this year, according to ProPublica.

“I hope you will love your work as I love doing astronomy,” Rubin said at a commencement address in 1996. “I hope that you will fight injustice and discrimination in all its guises.”

Rubin isn’t the first woman to be honored with an Nvidia chip named after her.

Before Blackwell, who was the first Black American inducted into the National Academy of Sciences, Nvidia’s most advanced AI chip family was Hopper, named after American computer scientist Grace Hopper, who coined the term “bug” to refer to computer glitches. In 2022, Nvidia released its “Ada Lovelace” architecture, named after the British mathematician who pioneered computer algorithms in the 19th century.

The scientist names used to be a secondary naming convention, taking a back seat to the actual product name, and primarily appearing in marketing copy. Nvidia users more frequently referred to the “H100” chip or marketing names for consumer graphics cards like GeForce RTX 3090.

But last year, Huang emphasized that Blackwell wasn’t a single chip, it was a technology platform, and Nvidia increasingly started using the term “Blackwell” to refer to all of the company’s latest-generation AI products, such as its GB200 chip and DGX server racks.

Keeping momentum going

Now investors and analysts track how many “Hoppers” are in use, and big companies brag about having early access to “Blackwell.”

It’s critical for Nvidia that Rubin achieve the same last-name familiarity level as Hopper and Blackwell.

The company’s sales more than doubled in its fiscal 2025, ended January, to $124.62 billion, thanks to durable sales for the company’s Hopper chips and early demand for the company’s Blackwell chips.

In order to keep growth rising, Nvidia needs to deliver a next-generation chip that justifies its cost and improves on the previous generation’s speeds, power efficiency and cost of ownership.

The company has targeted 2026 for a rollout of the Vera chips, according to an investor presentation last fall. In addition to Vera Rubin, Nvidia is expected to discuss Blackwell Ultra, an updated version of its Blackwell chips that analysts expect the company to start selling later this year.

Huang also teased during an earnings call last month that he’ll show the “next click” after Vera Rubin. That architecture will likely be named after a scientist, too.

“These products should excite partners at the conference ranging from Microsoft to Dell to sovereigns, which normally would please investors,” Melius Research analyst Ben Reitzes wrote in a note on Monday.

Tuesday’s keynote will also be a test of Nvidia’s relatively new release cadence, where it strives to reveal new chips on an annual basis. Investors will also want to see whether Nvidia can continue to impress tech critics and developers while releasing new chip families on a faster schedule than it’s used to. Blackwell was announced last March, and its sales started showing up in Nvidia’s October quarter.

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Final Trades: Nvidia, Taiwan Semi, Amazon and the IEFA

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Apple’s China iPhone sales grows for the first time in two years

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Apple's China iPhone sales grows for the first time in two years

People stand in front of an Apple store in Beijing, China, on April 9, 2025.

Tingshu Wang | Reuters

Apple iPhone sales in China rose in the second quarter of the year for the first time in two years, Counterpoint Research said, as the tech giant looks to turnaround its business in one of its most critical markets.

Sales of iPhones in China jumped 8% year-on-year in the three months to the end of June, according to Counterpoint Research. It’s the first time Apple has recorded growth in China since the second quarter of 2023.

Apple’s performance was boosted by promotions in May as Chinese e-commerce firms discounted Apple’s iPhone 16 models, its latest devices, Counterpoint said. The tech giant also increased trade-in prices for some iPhone.

“Apple’s adjustment of iPhone prices in May was well timed and well received, coming a week ahead of the 618 shopping festival,” Ethan Qi, associate director at Counterpoint said in a press release. The 618 shopping festival happens in China every June and e-commerce retailers offer heavy discounts.

Apple’s return to growth in China will be welcomed by investors who have seen the company’s stock fall around 15% this year as it faces a number of headwinds.

U.S. President Donald Trump has threatened Apple with tariffs and urged CEO Tim Cook to manufacture iPhones in America, a move experts have said would be near-impossible. China has also been a headache for Apple since Huawei, whose smartphone business was crippled by U.S. sanctions, made a comeback in late 2023 with the release of a new phone containing a more advanced chip that many had thought would be difficult for China to produce.

Since then, Huawei has aggressively launched devices in China and has even begun dipping its toe back into international markets. The Chinese tech giant has found success eating away at some of Apple’s market share in China.

Huawei’s sales rose 12% year-on-year in the second-quarter, according to Counterpoint. The firm was the biggest player in China by market share in the second quarter, followed by Vivo and then Apple in third place.

“Huawei is still riding high on core user loyalty as they replace their old phones for new Huawei releases,” Counterpoint Senior Analyst Ivan Lam said.

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Like Google, China’s biggest search player Baidu is beefing up its product with AI to fight rivals

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Like Google, China's biggest search player Baidu is beefing up its product with AI to fight rivals

Pictured here is the Ernie bot mobile interface, with the Baidu search engine home page in the background.

Future Publishing | Future Publishing | Getty Images

Chinese tech giant Baidu has bolstered its core search platform with artificial intelligence in the biggest overhaul of the product in 10 years.

Analysts told CNBC the move was a bid to keep ahead of fast-moving rivals like DeepSeek, rather than traditional search players.

“There has been some small pressure on the search business but the focus on AI and Ernie Bot is a key move ahead,” Dan Ives, global head of tech research at Wedbush Securities, told CNBC by email. Ernie Bot is Baidu’s AI chatbot.

“Baidu is not waiting around to watch the paint dry, full steam ahead on AI,” he added.

Baidu AI overhaul

Baidu is China’s biggest search engine, but — as is also being seen by Google — the search market is being disrupted.

Users are flocking instead to AI services such as ChatGPT or DeepSeek, which shocked the world this year with its advanced model it claimed was created at a fraction of the cost of rivals.

But Kai Wang, Asia equity market strategist at Morningstar, also noted that short video platforms such as Douyin and Kuaishou are also getting into AI search and piling pressure on Baidu.

To counter this, Baidu made some major changes to its core search product:

  • Users can now enter more than a thousand characters in the search box, versus 28 previously;
  • Questions can be asked in a more direct and conversational manner, mirroring how people now use chatbots;
  • Users can ask questions through voice but also prompt the seach engine with pictures and files;
  • Baidu has integrated its AI chatbot features, which enable users to generate photos, text and videos, into the product.

“This is more aligned with how people use ChatGPT and DeepSeek in terms of how they look for answers,” Wang said.

Outside of China, Google has also been looking to enhance its core search product with AI, highlighting how search has been under pressure from the burgeoning technology.

Baidu on the offense

Baidu was one of China’s first movers when it came to AI, releasing its first models and ChatGPT-style product Ernie Bot to the public in 2023. Since then, it has aggressively launched updated AI models.

However, the Beijing-headquartered company has also faced intense competition from fellow tech giants like Alibaba and Tencent, as well as upstarts such as DeepSeek.

These companies have also been launching new models and infusing AI into their products and Baidu’s stock has fallen behind as a result. Baidu shares have risen around 2.5% this year, versus a 30.5% surge for Alibaba and a 20% rise for Tencent.

“This is a defensive and offensive move … Baidu needs to be aggressive and perception-wise show they are not the little brother to Tencent on the AI front,” Wedbush Securities’ Ives added.

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AI voice startup ElevenLabs pushes global expansion as it gears up for an IPO

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AI voice startup ElevenLabs pushes global expansion as it gears up for an IPO

Founded in 2022, ElevenLabs is an AI voice generation startup based in London. It competes with the likes of Speechmatics and Hume AI.

Sopa Images | Lightrocket | Getty Images

LONDON — ElevenLabs, a London-based startup that specializes in generating synthetic voices through artificial intelligence, has revealed plans to be IPO-ready within five years.

The company told CNBC it is targeting major global expansion as it prepares for an initial public offering.

“We expect to build more hubs in Europe, Asia and South America, and just keep scaling,” Mati Staniszewski, ElevenLabs’ CEO and co-founder, told CNBC in an interview at the firm’s London office.

He identified Paris, Singapore, Brazil and Mexico as potential new locations. London is currently ElevenLabs’ biggest office, followed by New York, Warsaw, San Francisco, Japan, India and Bangalore.

Staniszewski said the eventual aim is to get the company ready for an IPO in the next five years.

“From a commercial standpoint, we would like to be ready for an IPO in that time,” he said. “If the market is right, we would like to create a public company … that’s going to be here for the next generation.”

Undecided on location

Fundraising plans

ElevenLabs was valued at $3.3 billion following a recent $180 million funding round. The company is backed by the likes of Andreessen Horowitz, Sequoia Capital and ICONIQ Growth, as well as corporate names like Salesforce and Deutsche Telekom.

Staniszewski said his startup was open to raising more money from VCs, but it would depend on whether it sees a valid business need, like scaling further in other markets. “The way we try to raise is very much like, if there’s a bet we want to take, to accelerate that bet [we will] take the money,” he said.

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