Shares in Shanghai Enflame Technology closed 179% above their offer price on their first day of trading on Shanghai’s Star Market on Friday. The Tencent-backed AI chipmaker had raised about 6.12bn yuan ($911m) in its initial public offering, Bloomberg …
Nvidia has its finger in every pie, and sees another year of plenty in its future, Jensen Huang says. But, he insists, its deals are not circular.
Nvidia and Palantir have announced today a joint product for running AI over corporate supply chains without handing the underlying data to anyone else, and the first customer is Nvidia, which is using it on its own. It pairs Palantir’s Foundry, its Ar…
Nvidia has signed eight Australian data centre and cloud companies to build what it calls AI factory capacity, in an arrangement the chipmaker says could support up to two gigawatts of AI compute in Australia by 2027. The partners named in the announce…
The US Justice Department is examining whether Nvidia deliberately structured its licensing deal with inference chip designer Groq in a way that avoided antitrust review, according to a New York Times report. The Justice Department opened its inquiry s…
Zankore has secured a senior term loan facility of up to $3.1bn to buy and deploy Nvidia GPUs across Indonesia and Southeast Asia. Nvidia is one of the company’s backers and also the supplier of the hardware the financing will pay for. Citi acted as ex…
Cognition raised over $2bn at a $48bn valuation, up from $26bn in May. Run-rate revenue rose from $492m to almost $900m over the same period. Both rounds price the company at roughly 53 times run-rate revenue, so the multiple did not expand. Cognition …
King Charles is convening about 30 senior figures from the AI industry at a Scottish country house this month. He does not intend to tell them what he thinks. Joseph Bambridge reported the plans for Politico. Two people familiar with them spoke on cond…
Malaysia is leaning towards Huawei silicon to run its national AI project, according to Bloomberg. No foreign government has openly chosen Chinese AI accelerators over American ones before. Washington told the world last year that buying these particul…
Last year Nvidia told GPU owners worried about Rowhammer to switch on error correction. Four researchers at the University of Toronto have now shown that the same attack, aimed harder, goes straight through it. Their technique, GPUThor, is the first Ro…