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NVIDIA OPENAI AGREEMENT
Nvidia scales back funding guarantee for Ohio OpenAI data centre: WSJAccording to the report Nvidia and OpenAI are nearing an agreement, with the chipmaker expected to provide a financial backstop only for th...- Nvidia’s $500 billion plan envelops Wall Street in its AI frenzyNvidia has unveiled a major financing initiative aimed at supporting artificial intelligence chip acquisitions. By collaborating with promi...
- IBM, Together AI ink $240 million deal for Nvidia-powered AI inference clusterThe cluster will provide inference for open-source AI models, which have gained traction as businesses seek to rein in AI costs and weigh...
- Anthropic inks $10 billion computing deal with new cloud startup Volta InfraAnthropic has secured ten billion dollars in computing capacity from Volta Infra Holdings. This deal aims to meet the growing demand for An...
- Global Market Update | South Korea's Naver jumps 10% on Nvidia's $1 billion investment planNvidia will invest one billion dollars in Naver's new shares. This investment supports expanding an AI data center project in South Korea. ...
- South Korea's SK Hynix, Samsung Electronics sign $950 billion partnership with US big techThe partnership includes the long-term supply of $750 billion in memory chips to US companies by SK Hynix and $200 billion in chips by Sams...
- South Korea President Lee looking to open new era of AI in with global tech companiesPresident Lee delivered a keynote address unveiling a "San Francisco AI Declaration" that outlined South Korea's AI ambitions and its visio...
- Google increases capex forecast again after cloud-driven earnings beatThe search giant now expects to spend between $195 billion and $205 billion in capital expenditures, its finance chief Anat Ashkenazi said ...
- South Korea's Lee to visit South America and Germany, attend AI summit in USPresident Lee Jae-myung will visit San Francisco, Brazil, Chile, and Argentina. He will attend an AI summit and meet tech leaders there. Tr...
- AI startup Reflection signs over $1 billion computing deal with NebiusThe move builds on Reflection's June agreement with SpaceX for computing capacity, a deal that media reports said would see the startup p...
- Meta to put AI chip into production in September as it looks to double computing capacityThe tech firm's data center chip, code-named "Iris," is part of a four-generation project for Meta Training and Inference Accelerators (MTI...
- US makes it easier to export Nvidia AI chips and military equipment to the UAEThe United States has eased export controls on the United Arab Emirates. This change allows easier access to Nvidia AI chips and military e...
- Global Market: Cerebras bets big on Europe with AI infrastructure expansion amid soaring demandCerebras is significantly increasing its European AI computing capacity. The company plans to reach 200 megawatts by next year. This expans...
- Anthropic in talks with Samsung to develop custom AI chipAI giant Anthropic is reportedly exploring the creation of its own custom AI chips, holding talks with Samsung for a potential partnership....
- SoftBank completes second $10 billion tranche of its $30 billion OpenAI investmentSoftBank has injected another $10 billion into OpenAI, part of a larger $30 billion commitment. This significant investment, funded by a br...
- Funding the 'mother of all cycles': Chris Wood cuts Indian stocks to double down on South Korean chip giantsChristopher Wood has cut select Indian equities to increase exposure to South Korean chipmakers like SK Hynix and Samsung Electronics, bett...
- Chris Wood’s big warning: The specific risk that will finally trigger the end of AI tradeJefferies strategist Chris Wood believes the AI boom will end not because of a chip glut, but when investors realise hyperscalers cannot ge...
- US stocks: Nvidia’s jumbo bond sale draws $85 billion of investor demandNvidia has secured approximately $85 billion in orders for its substantial debt offering, seeking to raise at least $20 billion. This immen...
- Nvidia CFO says chipmaker yet to finalise $100 billion OpenAI dealNvidia's agreement with ChatGPT parent OpenAI to invest up to $100 billion in the startup is still not finalised, the chipmaker's chief fin...
- Nvidia to invest $100 billion in OpenAI for data centre developmentThe move underscores the increasingly overlapping interests of the various tech giants developing advanced AI systems. The deal gives Nvidi...
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