Tag: NVIDIA

Why AI Stocks Are Falling as Investors Question the Bill for the AI Boom

AI-linked stocks slid on October 22 as Meta's new share class and rising spending raised fresh doubts about who pays for the AI buildout. Nvidia fell about 4% and the Nasdaq lost 2.6%.

Why an AI Industry Taskforce Says Britain Has One Year to Stop a Data Centre Backlash

An industry taskforce including Nvidia, Microsoft and Cisco has warned UK ministers they have roughly 12 months to win public consent for AI data centres, and wants host councils paid to say yes.

Why ByteDance, Alibaba and Tencent Want 3 Million Nvidia Cards They May Never Receive

China's three biggest tech platforms have reportedly ordered more than $35 billion worth of Nvidia's export-compliant RTX PRO 5500 cards, according to Reuters sources. Nvidia says it may only fill a sliv

Why Investors Just Handed a Year Old AI Lab 1 Billion Dollars to Use Less Compute

Flapping Airplanes raised a $1 billion Series A at a reported $6 billion valuation to prove AI can be trained on far less data and far fewer GPUs. Its backers include Nvidia, the company selling the chip

Nvidia Faces Another Challenger as Tenstorrent Raises 1.5 Billion Dollars at a 6.2 Billion Valuation

Jim Keller's AI chip company Tenstorrent has closed a $1.5 billion Series E at a $6.2 billion post-money valuation, led by Trace Capital and Innovation X, to scale production of its Galaxy servers. It re

Germany Is Preparing a Major AI Deal With Nvidia to Power Its Factories Robots and Self Driving Cars

Government sources told Reuters Germany will announce an AI cooperation agreement with Nvidia next week to expand industrial AI use, involving partners beyond Nvidia. Handelsblatt reports it would suppor

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