Shares of Nvidia, the darling stock of the generative AI boom, are down 15.3% in midday trading on Monday (Jan. 27) as Wall Street grapples with the revelation that it could be overpaying for this emerging technology. Google, Microsoft and Amazon shares are also down....
With one week left in office, President Biden signed an executive order that sets aside federal lands for building of artificial intelligence (AI) data centers, with the full cost borne by developers of AI foundation — or frontier — models like OpenAI’s GPT-4o. AI model...
Nvidia CEO Jensen Huang on Monday (Dec. 6) unveiled next-generation chips, new large language models, a mini artificial intelligence (AI) supercomputer, and a partnership with Toyota as the world’s second-most valuable company continues to aggressively expand its business. “It’s been an extraordinary journey, extraordinary year,”...
Micron Technology posted a stunning 400% jump in data center revenue amid soaring AI chip demand, while data intelligence firm Databricks secured a massive $10 billion funding round at a $62 billion valuation. The AI growth momentum also reached the accounting sector, with startup Basis...
January 27, 2025
Shares of Nvidia, the darling stock of the generative AI boom, are down 15.3% in midday trading on Monday (Jan. 27) as Wall Street grapples with the revelation that it could be overpaying for this emerging technology. Google, Microsoft and Amazon shares are also down. The culprit: Chinese AI startup DeepSeek’s artificial intelligence (AI) models […]
July 01, 2024
As tech giants worldwide scramble to dominate the artificial intelligence (AI) chip market, South Korea’s SK Hynix is making a $74.6 billion wager that could redefine the semiconductor industry —...
December 02, 2024
AI chip startup Tenstorrent has reportedly raised $700 million in its quest to challenge Nvidia. The investment — from Amazon founder Jeff Bezos and Samsung — values the company at roughly $2.6 billion, Bloomberg News reported Monday (Dec. 2). Tenstorrent plans to use the funding to expand its engineering team, invest in its supply chain and develop large artificial […]
November 20, 2024
Market watchers are bracing for potentially historic volatility when Nvidia reports its earnings on Wednesday (Nov. 20), according to Bloomberg News. The chip giant’s stock could move about 8% in...
September 11, 2024
A limited supply of Nvidia’s chips has reportedly left its customers frustrated. “The demand on it is so great, and everyone wants to be first and everyone wants to be best,” Jensen Huang, CEO of...
September 05, 2024
Nvidia, Microsoft and patent risk management company RPX are facing a lawsuit accusing them of “rampant” patent infringement and antitrust law violations. The suit was filed Thursday (Sept. 5) in a Waco,...