Tag: nvidia
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Nvidia is developing Nemotron 4 open-source models, The Information reports
Aug 11 : Nvidia is developing a new AI model family, Nemotron 4, with the goal of rivaling top open-source models globally, The Information reported on Tuesday, citing people who work on the project.The chip giant is among the few major U.S. firms to release open-source models, which have drawn more attention
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Nvidia gets $500bn from major investors to develop AI infrastructure
The money will be used to develop new data centres to house, operate, and cool miles of stacked computer chips that process AI data and actions.
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Nvidia partners with Wall Street giants to raise $500 billion for AI buildout
Aug 10 : Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure.The move highlights how surging demand for AI computing capacity is drawing institutional investors, as go
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Nvidia, Wall Street firms partner on $500 billion AI financing venture, source says
Aug 10 : A group of financial firms, including Apollo Global and Blackstone, is working with Nvidia to put together a $500 billion funding package for AI infrastructure development, a person familiar with the matter told Reuters on Monday.Nvidia’s shares fell over 3 per cent in afternoon trading.The ti
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Wall Street giants to partner with Nvidia on $500 billion AI financing deal, FT reports
Aug 10 : A consortium of financial groups including Apollo Global and Blackstone are working with Nvidia to assemble a $500 billion funding package for AI infrastructure development, the Financial Times reported on Monday.The potential tie-up highlights Nvidia’s efforts to raise capital for the chips, power g
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Nvidia to invest up to $3 billion in Stargate data center developer Lancium, the Information reports
Aug 7 : Nvidia will invest up to $3 billion in power infrastructure developer Lancium, the company behind the Stargate data center campus in Texas, the Information reported on Friday.• The chipmaker will invest an initial $2 billion for a stake of roughly 20 per cent in Lancium, which is backed by Blacksto
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Nvidia behind $50 billion lease on Texas data center, FT reports
July 28 : Nvidia has signed leases worth up to $50 billion for Hut 8’s Texas data center, the Financial Times reported on Tuesday, citing five people familiar with the deal.Hut 8 said last week its 1-gigawatt Beacon Point campus had a base-term contract value of $19.6 billion over 15 years, rising to as much
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Nvidia to invest $5 billion in Ilya Sutskever’s AI startup, source says
SAN FRANCISCO, July 27 – Nvidia will make a $5 billion equity investment in Safe Superintelligence as part of a strategic partnership between the chipmaker and the startup co-founded by OpenAI’s former chief scientist Ilya Sutskever, a person briefed on the deal said.The two companies announced the deal Mond
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Nvidia forms industry alliance for open AI security after Hugging Face hack
July 27 : Nvidia said on Monday it had formed a coalition with other companies to develop and share tools for AI safety and cybersecurity, days after the Hugging Face incident drew attention to the dangers of losing control of autonomous AI agents.The Open Secure AI Alliance, with founding members including A
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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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