tech

2/27/25

Nvidia makes $3.6 million of revenue per employee — more than any of its Big Tech rivals

Among the $17 trillion BATMMAAN tech giants (Big Tech’s version of the Avengers), Nvidia is squeezing the most out of every employee.

After reporting blowout earnings, which the market found reasons to dislike anyway as Nvidia tumbled 8% in trading on Thursday, we can now calculate that last year Nvidia pulled in $3.6 million in revenue for each one of its employees.

That’s more than 1.5x that of Apple and Meta, and nearly double that of Alphabet. The gap is even wider when it comes to profit: Nvidia’s net income per employee sits at $2 million, surpassing Apple, Meta, Alphabet, and Amazon.

Of course, this isn’t entirely surprising given that Nvidia had the lowest number of employees among the BATMMAAN group, with its workforce heavy on research and development.

Contrast that with Amazon and Tesla — the least tech-y of the eight behemoths — which rank at the bottom in revenue and profit per employee, and it makes sense. After all, Amazon is the world’s second-largest retailer behind Walmart, relying on a massive workforce to keep its logistics engine running — hence its 1.6 million employees, nearly twice as many as the rest combined. Meanwhile, Tesla, despite its software-heavy ambitions, is still a capital-intensive car company.

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Claire Yubin Oh

56m

Nebius soars after signing a five year deal with Microsoft to supply nearly $20 billion worth of AI computing power

Artificial intelligence infrastructure group Nebius jumped more than 50% in early trading on Tuesday after the company announced a major deal to supply computing power for Microsoft’s AI operations.

Under the agreement, Nebius will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The total contract value through 2031 is $17.4 billion, although, if further capacity is required, the contract value could rise to $19.4 billion.

The deal is a sizable portion of Microsoft's proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.

Nebius announces multi-billion dollar agreement with Microsoft for AI infrastructure

Nebius announces multi-billion dollar agreement with Microsoft for AI infrastructure

Under the agreement, Nebius will provide Microsoft “access to dedicated GPU infrastructure capacity in tranches at its new data center in Vineland, New Jersey over a five-year term.” The total contract value through 2031 is $17.4 billion, although, if further capacity is required, the contract value could rise to $19.4 billion.

The deal is a sizable portion of Microsoft's proposed annual capital expenditure on AI, which is expected to reach $120 billion by the end of fiscal 2026.

President Trump hosts tech executives and their guests to a dinner at the White House in the Oval Office.

Here are the Trump ties among the tech leaders who had dinner at the White House

Many of the attendees have donated to, vocally supported, or even worked for the president.

tech

20h

Tesla’s EV market share declined to 38% in August

In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.

21h

OpenAI now expects to burn around $115 billion through 2029 — a full $80 billion higher than the company had previously estimated, The Information reports.

Just how much is that? It’s roughly equivalent to:

Fortunately for OpenAI, which is raising money at a $500 billion valuation, its revenue is also growing faster than expected. The ChatGPT maker now expects to make $13 billion in revenue this year and $200 billion in 2030.

An annotated photo of who attended the tech dinner at the White House.

An interactive who's-who of the tech execs at Trump's White House dinner

The White House invited a gaggle of top founders and tech executives for an intimate dinner at the White House.

Jon Keegan9/5/25

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