Tag: nvidia
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South Korea’s Naver jumps 10% on Nvidia’s US$1 billion investment plan
SEOUL: Shares of South Korea’s internet giant Naver jumped more than 10 per cent on Monday after it said Nvidia would acquire US$1 billion of its new shares to finance a project to expand an AI data centre.The investment comes after the two firms and investment group Brookfield announced on Friday plans to ex
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Nvidia in talks with OpenAI to guarantee $250 billion financing for data center, WSJ reports
July 26 : Nvidia is in talks to provide a roughly $250 billion financing for OpenAI as part of a massive data center project, The Wall Street Journal reported on Sunday. The guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank’s energy subsidiary is developing in sou
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Nvidia to acquire $1 billion of new shares of South Korea’s Naver
SEOUL, July 27 : South Korea’s Naver said in a regulatory filing on Monday that Nvidia will acquire $1 billion of its shares to be newly issued as part of an investment partnership to build a new data center.
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Samsung, SK Group seal US$950 billion deals with US AI firms to lock in South Korean chip supply
The deals are the latest moves by US AI firms to driving tech companies into closer partnerships with South Korea’s semiconductor and memory leaders.
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Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership
SAN FRANCISCO, July 24 : Nvidia and South Korea’s SK Group on Friday unveiled a more than $500 billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia said.The initiative includes a long-term partnership with SK Hynix to secure next-generation memory supply for Nvidia and
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Nvidia, Microsoft and other tech giants back open-source AI models
SAN FRANCISCO, July 24 : Nvidia, Microsoft and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source AI models, wading into a debate roiling the business and policy worlds over who controls the powerful technology.In a letter posted on X and also signed by two dozen compan
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AMD expected to launch next generation of AI infrastructure to challenge Nvidia
SAN FRANCISCO, July 23 : Advanced Micro Devices is set to launch a raft of AI hardware that will rival Nvidia on Thursday at an event at a downtown convention center in San Francisco.AMD is attempting to capture market share from Nvidia in the fast-growing data center chip sector, especially for so-called inf
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Leather jacket worn by Nvidia CEO Jensen Huang auctions for nearly US$1 million
NEW YORK: A black leather jacket worn by Nvidia CEO Jensen Huang sold for US$960,000 at a New York auction on Friday (Jul 17), 16 times higher than its estimated value of US$60,000, according to Sotheby’s.
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Apple unseats Nvidia to become world’s most valuable company as AI bets shift
July 17 : Apple overtook Nvidia on Friday to become the world’s most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion, fol
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Perplexity says it plans to use Nvidia’s new CPU
SAN FRANCISCO, July 7 : AI startup Perplexity on Tuesday confirmed it plans to use Nvidia’s new central processing units, as the chip giant works to broaden its market and take on entrenched players such as Intel and Advanced Micro Devices.Nvidia has said it expects to generate $20 billion in sales from its “
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