… And it expects revenue of $108bn in the next quarter. “AI has reached its inflexion point,” CEO Jensen Huang said in prepared remarks, describing the infrastructure buildout as going “at full steam.” The revenue figures beat Wall Street’s expectations, leading Nvidia shares to ri …
… The Jensen Huang-led firm said on Monday it will also invest $1.5 billion in SB Energy, months after a $1 billion investment from OpenAI and SoftBank to expand data center infrastructure. …
… ker said it had struck deals with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR, and that the investors were for the first time treating AI hardware and infrastructure, often referred to as “compute”, as an asset class. “In AI, compute is revenue”, Jensen Huang …
… Last month, co-CEO and chip division head Jun Young-hyun said he discussed next-generation foundry cooperation with Jensen Huang, chief executive of Nvidia, including future HBM4E and HBM5 memory products. …
… eading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.” Cursor is used by major companies including Stripe, Adobe and Nvidia, whose boss Jensen Huang …
… eading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.” Cursor is used by major companies including Stripe, Adobe and Nvidia, whose boss Jensen Huang …
… The traditional organisation was predicated on the assumption of shirking, an idea formalised by agency theory (Jensen & Meckling, 1976), which submited that managers needed to monitor workers because the workers’ interests would inevitably diverge from the owners’. …
… The chipmaker is a key supplier to Nvidia, whose boss Jensen Huang said the recent slide in tech stocks presented a buying opportunity for investors. …
… The chipmaker is a key supplier to Nvidia, whose boss, Jensen Huang, said the recent slide in tech stocks presents a buying opportunity for investors. …
Anthropic researcher Jacob Coxon resigned Tuesday, saying AI developers are "gambling with our lives" by building potentially superhuman systems. While other AI insiders have echoed safety concerns, some Silicon Valley executives and investors have reacted with skepticism, with Anthropic and OpenAI reportedly preparing major IPOs.
Anthropic researcher Jacob Coxon resigned Tuesday, saying AI developers are "gambling with our lives" by building potentially superhuman systems. While other AI insiders have echoed safety concerns, some Silicon Valley executives and investors have reacted with skepticism, with Anthropic and OpenAI reportedly preparing major IPOs.
Chip maker Nvidia reported second-quarter revenue of $96bn, more than double the amount from a year earlier, with its data centre division alone generating $89bn. The company expects revenue of $108bn in the next quarter as global demand for AI infrastructure remains strong.
Nvidia has agreed to provide a guarantee of up to $105 billion to help OpenAI lease a data centre in Ohio being developed by SoftBank-owned SB Energy, and will also invest $1.5 billion in SB Energy. Nvidia will be the exclusive chip provider for the facility, which will have a capacity of as much as 8 gigawatts, with the first 800 megawatts expected to come online in 2028.
Nvidia has raised $500bn in capital from major investors including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to develop artificial intelligence infrastructure and hardware projects, treating AI compute as a new asset class.
Samsung Electronics and Broadcom have agreed to a partnership envisaged to exceed $200 billion until 2030, combining Broadcom's chip design expertise with Samsung's manufacturing capabilities for memory chips, contract chip making, and advanced packaging.
Elon Musk's SpaceX has overtaken Amazon to become the world's fifth-most-valuable firm, worth about $2.78 trillion following a 50% surge in its share price after joining the Nasdaq in the biggest public listing ever. The company's stock value now exceeds Amazon's $2.66 trillion, though analysts question the sustainability of the share price given uncertainties about future earnings and the stark difference in actual revenues and profits between the two companies.
SpaceX has agreed to buy AI coding start-up Cursor (Anysphere) for $60 billion days after its own record IPO on Nasdaq, which valued the rocket company at over $2 trillion. The acquisition follows a partnership agreement from April that gave SpaceX the option to either buy Cursor for $60 billion or pay $10 billion for work completed together.
The traditional contract of service model, which exchanged employee obedience and time for wages and job security, is becoming obsolete as modern organisations become increasingly fluid, digital, dispersed, and values-driven. The post-pandemic workplace with remote and hybrid work has dissolved temporal and spatial boundaries and shattered the shared ideology that previously bound management, workers, and government.
Asian stock markets suffered steep losses on Monday as investors grew concerned about overvalued artificial intelligence investments and a rise in oil prices following renewed Iran-Israel strikes. US markets recovered some losses with the Nasdaq closing up 0.9% and the S&P 500 up 0.3%, though South Korea's Kospi index fell 8.3% and Japan's Nikkei dropped 3.9%.
US stock markets recovered modestly on Monday after Friday's losses, but Asian markets fell sharply—South Korea's Kospi index closed 8.3% lower and Japan's Nikkei fell 3.9%—amid a technology stock sell-off and renewed Middle East tensions that raised oil prices and inflation concerns.
U.S. crude futures jumped around 2% to $95.40 a barrel as fresh hostilities flared in the Gulf after U.S.-Iran peace talks stalled, with Iran firing missiles at Kuwait and Bahrain that were thwarted or failed, while AI-driven stock rallies in Asia pushed Taiwan and Japan indexes to record highs.
Nvidia has announced the RTX Spark, a new chip for personal computers designed for artificial intelligence applications, which will be included in Windows PCs from manufacturers including Lenovo, HP, Dell, Microsoft Surface, Asus, and MSI, set for release in autumn.
Shares in Samsung Electronics and LG Electronics rallied on Monday following expectations of meetings between Nvidia CEO Jensen Huang and Korean executives to discuss AI and robotics partnerships. South Korean semiconductor exports surged to a record high in June amid the AI boom.
Huawei said its high-end chips will have transistor density equivalent to 1.4-nanometre processes in five years, as China seeks to counter U.S. sanctions on semiconductor technology. The company unveiled a new "Tau Scaling Law" principle at a Shanghai semiconductor symposium that focuses on reducing signal and data transit times through chips rather than making transistors smaller.
US chip giant Nvidia reported record quarterly sales of $81.6bn and net income of $58.3bn, with first-quarter revenue up 85% year-on-year, yet shares fell 1.6% in after-hours trading as analysts suggest investors have become accustomed to stellar results and cite growing competition concerns.
US President Trump visited Beijing with a business delegation and said he struck "fantastic trade deals" with Chinese leader Xi Jinping, though the two-day summit produced warm rhetoric more than concrete agreements. Trump said China agreed to order 200 Boeing planes, but Beijing did not confirm major purchases.
US President Donald Trump and Chinese President Xi Jinping held talks for over two hours in Beijing, with the White House calling the meeting "highly productive," though no sweeping trade breakthrough or major business agreements emerged. Xi warned that if US-China relations are mishandled, the two nations could collide or come into conflict.
US President Donald Trump has arrived in Beijing for a two-day summit with Chinese President Xi Jinping, where discussions are expected to cover tariffs, technology competition, the war in Iran, and America's relationship with Taiwan. Trump was greeted by Chinese Vice-President Han Zheng and accompanied by US tech industry executives including Elon Musk, Jensen Huang, Tim Cook, Larry Fink, and Kelly Ortberg.