Nvidia CEO Jensen Huang tipped his hat to OpenAI on Sunday. The chipmaking mogul took to X to congratulate OpenAI’s team on the release of the company’s newest and most powerful model, Astra, and made the notable statement that “AGI has arrived,” a nebulous term that typically describes AI models that match or surpass human intelligence. He
READ MORE
Nscale, a British AI infrastructure company founded just two years ago, has said it may go public as early as later this month. Ahead of that expected IPO, the company is reportedly in talks to raise an additional $3.5 billion. Bloomberg reported Friday that the company is looking to sell $1.5 billion in convertible notes
READ MORE
Before this week, the dominant story about Nvidia went something like this: For the first few years of the AI boom, Nvidia was the only source for state-of-the-art GPUs, which became immensely profitable as the industry scaled out. In the last few years, hyperscalers like Amazon and Google have started building their own chips, and
READ MORE
Lambda, an AI cloud company that buys computing chips and rents them out to businesses, has raised $1 billion in private, short-dated debt to buy Nvidia’s AI chips that it will lease to Microsoft, Bloomberg reports. The terms of the deal, which Bloomberg says was arranged by JP Morgan Chase, signal that Lambda is betting
READ MORE
Amazon and Nvidia just got a lot closer. The two companies announced Wednesday an expanded partnership that includes a deal to add another 2 million Nvidia GPU chips to Amazon’s data centers. These GPUs, which are designed to handle the heavy compute demands of training and running AI models, include Nvidia Blackwell Ultra, Rubin, and
READ MORE
Nvidia has been in talks to acquire Hugging Face, the popular AI platform for sharing and building with open-source models, in what could be one of the chip giant’s biggest deals yet. The two parties have had acquisition conversations in recent weeks about a deal that would value Hugging Face at more than $13 billion,
READ MORE
