It was in the unusual setting of “Sin City” – Las Vegas – that the man dubbed the godfather of artificial intelligence, Nvidia’s Jensen Huang, this week unveiled his vision for the next-generation use of the technology that ushers in what has been described as the next industrial revolution.

But as people hung on every word of the presentation from the company that has captured the imagination of investors and anthropologists around the world, and while analysts swooned at Huang’s vision to enable the next phase of colonisation of AI into business, the company’s share price fell.

Jensen Huang, Nvidia’s co-founder and chief executive.Credit: Bloomberg

As it happens, even the positive hype from Nvidia’s new frontier prospects couldn’t offset the troublesome US economic data that cast a shadow over the prospects for lower inflation and created uncertainty over the timing of interest rate cuts.

There was already an undercurrent of concern about the outlook for inflation under a Trump administration, so news that services inflation was stronger than expected only heightened fears that this would put the sharemarket under pressure.

Tech........

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