AI, NVIDIA and China
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Microsoft says its new $30bn (£22bn) investment in the UK's AI sector - its largest outside of the US - should significantly boost Britain's economy in the next few years.
Nvidia CEO Jensen Huang commented after a Financial Times report that China has banned the use of the company's AI chips. The Trump administration in August agreed a deal under which Nvidia would receive export licenses for its H20 AI chips in exchange for 15% of its China sales.
Chinese tech stocks climbed Thursday, with a key index hitting a near four-year high as AI-fueled buying and a regulatory ban on an Nvidia Corp. chip boosted prospects for domestic rivals.
The Nvidia CEO reveals his consuming love for Google’s image generator, the artsy side of Grok, and what exactly he uses Perplexity, Gemini, and ChatGPT for right now.
OpenAI, Nvidia, and Nscale partnered for Stargate UK, pledging tens of billions of dollars in AI infrastructure to boost Britain's computing power.
The world’s most valuable company was dragged further into the U.S.-China trade war after Beijing’s top cybersecurity regulator urged big tech firms not to buy one of its newest chips.
To reach Nvidia-like scale in the 2030s, Nebius will need to lock in multimegawatt contracts with enterprises and AI enterprises, keep releasing larger GPU clusters at a regular pace, and deepen its software moat to boost margins and create stickiness.
AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a post-money valuation of $6.9 billion. This topped the rumored numbers when word leaked in July that Groq was raising. At that time, reports suggested that the raise would be about $600 million, at near a $6 billion valuation.