Tag: $Nvidia Corp

Nvidia, the chipmaker at the center of the artificial intelligence boom, is partnering with glassmaker Corning
for three new advanced manufacturing facilities in North Carolina and Texas dedicated entirely to optical technologies for the world’s most valuable semiconductor company.

Canadian AI lab Cohere announced on Friday that it planned to acquire German AI company Aleph Alpha, as it eyed major expansion in Europe.

Taiwan Semiconductor Manufacturing (TSM) reported a sharp rise in quarterly profit as it rides the wave of demand for artificial-intelligence chips. 

OpenAI’s Stargate project in the U.K. is being paused, with the company pointing towards the cost of energy and the country’s regulatory environment.

Shares of Marvell Technology surged more than 11% after Nvidia announced plans to invest $2 billion in the semiconductor company.

Mistral AI said it had raised $830 million from a consortium of banks in its first debt-financing operation, securing financial backing to run a new data center that will be powered by Nvidia chips.

The U.S. Attorney’s Office for the Southern District of New York has charged associates of an unidentified U.S. server maker with illegally diverting billions of dollars in Nvidia-powered servers to China.

Nvidia (NVDA) has won Beijing’s approval to sell its second-most powerful ​artificial intelligence chips to China and is also preparing a version of the Groq AI chip that can be sold to the ‌Chinese market, sources familiar with the matter said.

At Nvidia’s annual developer conference on Monday, CEO Jensen Huang took the stage to a packed house and said he expects purchase orders between Blackwell and Vera Rubin to reach $1 trillion through 2027.

Shares of Samsung Electronics (5930) rose as much ​as 5% on Tuesday after Nvidia (NVDA) CEO Jensen Huang said ‌the South Korean company was producing Nvidia’s new artificial intelligence chips.

Nvidia (NVDA)  CEO Jensen Huang is set to detail the company’s hardware and software ‌plans to a large crowd in San Jose, California, at the company’s annual developer conference on Monday.

Shares of Nebius Group popped 10% on Wednesday after Nvidia announced it will invest $2 billion in the artificial intelligence cloud company.

AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation, the company announced on Monday, as the AI infrastructure boom continues.

Meta Platforms (META) has signed a multi-billion dollar deal to rent artificial intelligence chips from Google (GOOGL), to develop new AI models, The Information reported on Thursday, citing a person involved in the talks.

Nvidia (NVDA), opens new tab will invest $2 billion each in photonic product makers Lumentum (LITE), opens new tab and Coherent (COHR), opens new tab to support the companies’ research and development and manufacturing operations in the U.S., the companies said on Monday.

OpenAI has closed a $110 billion funding round, a financing that’s more than double the size of its last raise a year ago, which was a record for a private tech company.

Nvidia reported better-than-expected fiscal fourth-quarter results on Wednesday, driven by 75% revenue growth in its core data center business. The stock rose initially rose in extended trading before paring most of its gains.

In addition to running Intel, Lip-Bu Tan is chairman of artificial intelligence chipmaker SambaNova, which he first invested in eight years ago. Now Intel is pumping money into the startup as it tries to take on industry leader Nvidia.

Nvidia is in discussions to invest up to $30 billion in OpenAI as part of a funding round that could value the artificial intelligence startup at a $730 billion pre-money valuation, CNBC has confirmed.

Meta Platforms (META) is expanding its business with Nvidia (NVDA) in a chips-and-networking deal likely to be worth tens of billions of dollars. It’s a reminder the chip maker is still the leading player in artificial-intelligence processors.