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Nscale, a British neocloud, has secured $3.36 billion in financing ahead of its IPO later this year. The funding, which comes from Third Point, Nvidia, and others, will fuel the company's massive AI data center buildout.
Elon Musk said Colossus 2, an AI computing cluster built by his xAI business, may more than double its current Nvidia Corp. chip count by the end of the year.
Palo Alto CEO Nikesh Arora expressed that slowing down AI development is 'unrealistic' and that the threat of extinction is 'extremely small.' His views align closely with Nvidia CEO Jensen Huang, contrasting with the opinions of Anthropic and OpenAI leaders.
IonQ stock rose after the company announced an advance in quantum computing during one of the industry's largest conferences.
Derivatives tied to Nvidia Corp. are now among the most traded in the US credit default swaps market, as investors seek to hedge their exposure to the firm’s debt in the wake of June’s $25 billion bond sale.
Nscale, an AI cloud provider backed by Nvidia, is planning a $35 billion IPO. Despite ByteDance being its largest customer last year, the Chinese tech giant is not prominently featured in Nscale's pitch to investors.
Maria Angelicousiss, the magnate behind Greece’s biggest shipping fortune, has scored big gains outside her maritime empire with a bet on technology giant Nvidia Corp. after her family office shifted away from private markets.
Australian AI startup Firmus Technologies Pty is in talks with lenders for a roughly $10 billion financing deal to buy Nvidia Corp. chips for its Indonesian data center. This potential deal could make it one of Asia’s largest AI infrastructure deals.
Shares of Chinese AI model developers fell after a report that the country’s regulators have opened a probe into startups DeepSeek and Moonshot AI over data security concerns.
The Horowitz Andreessen Academy is launching a new alternative to traditional college aimed at preparing young people for the AI economy. Backed by $42 million and supporters including Andreessen Horowitz, OpenAI, Anthropic, and Nvidia, the San Francisco-based program will focus on building with AI.
Alibaba has launched a new AI chip designed to serve as an accelerator, aiming to compete with Nvidia in the AI space. This development is part of Alibaba's broader strategy to significantly expand its data center capacity in the coming years.
Nvidia's shares are currently selling for half the multiple they fetched in 2025.
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