Tag: nvidia
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Nvidia CEO urges G20 to avoid AI rules on ‘theoretical’ harms
CHAPEL HILL, North Carolina, Sept 2 : Nvidia CEO Jensen Huang pressed G20 countries on Wednesday to avoid writing regulations for AI that focus on “theoretical harms,” and instead develop rules governing real-world problems connected to the technology. Huang made the comment at a tech-focused G20 meeting in
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Anthropic signs US$35 billion cloud deal with Nvidia-backed Lambda, source says
Anthropic has signed a cloud-computing deal worth US$35 billion with Lambda, a cloud provider backed by Nvidia, for a Texas data centre, a source familiar with the matter said on Monday (Aug 31).The project is being developed in Nueces County by crypto-mining-turned-AI data centre company Hut 8 and covers a c
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Commentary: US$13 billion Hugging Face deal would crown Nvidia king of AI
Nvidia wants open AI models to thrive, but for a self-interested reason, says Parmy Olson for Bloomberg Opinion.
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Exclusive-Anthropic in talks with chip start up MatX to speed up chip design, sources say
SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters.The merger talks, which a third person said have evolved
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Nvidia pauses revenue-sharing deals with AI cloud companies, WSJ reports
Aug 27 : Nvidia has paused some deals in a new financing initiative that offered credit support to AI cloud companies in exchange for a share of revenue, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Some Nvidia employees expressed concerns to current and potential custo
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Nvidia to start employee-funded US political action committee
WASHINGTON, Aug 27 : Tech company Nvidia will start an employee-funded political action committee, a source familiar with the plans told Reuters, as the company seeks to step up its efforts to influence U.S. policy. The group will be called NVPAC, the source said.Companies often set up federal politic
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Nvidia ignites chip stock rally as forecast shows AI boom is intact
Aug 27 : Nvidia ignited a chip-stock rally on Thursday with a rare long-term revenue projection that did what its recent quarterly beats could not — ease investor fears that the AI boom is fading.Shares of the chipmaker jumped 6.8 per cent, putting the chipmaker on track to add about $295.7 billion in marke
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Asian chip firms lifted by Nvidia forecast but broader markets struggle
LONDON: Technology stocks rose on Thursday (Aug 27) after blockbuster earnings from chip behemoth Nvidia that eased worries about the AI investment boom, though the euphoria was tempered by US data showing stubbornly high inflation.European stocks were mostly lower, following a mixed session in Asia.In
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Nvidia rises after signaling longer AI spending runway
Aug 27 : Nvidia shares rose about 6 per cent before the bell on Thursday as investors embraced the chipmaker’s strong long-term outlook, betting that a global race to build AI infrastructure will fuel years of rapid growth despite concerns about supply bottlenecks and financial ties with customers.The world’s
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Nvidia agrees to buy Hugging Face for US$12.9 billion: Report
The Financial Times reported in January that Hugging Face last year rejected a US$500 million investment offer from Nvidia that would have valued it at US$7 billion.
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