Groq raised $350 million at a $3.5 billion valuation as the former AI chipmaker pivots to a neocloud business and expands its Nvidia-powered data center footprint.
Nvidia’s investment in SoftBank’s data center developer will guarantee its chips power an OpenAI data center.
A residual value guarantee is a promise about an object, not about a tenant. Someone builds a thing. Someone else rents it. A third party promises the thing itself will still be worth a set amount. If the renter walks, the owner relets or sells. The gu…
Nvidia has agreed to invest $1.5 billion in SB Energy, the US power and infrastructure developer backed by SoftBank and OpenAI, in a deal that hands the chipmaker up to 8 gigawatts of AI computing capacity at an Ohio campus being built for OpenAI. It i…
LG will unveil a bipedal humanoid robot in the first quarter of 2027, built on Nvidia’s Jetson Thor processor, Isaac GR00T foundation model and Halos safety system. The two signed the agreement at Nvidia’s Santa Clara headquarters on 13 August. LG will…
Anissa Gardizy reported the cut for The Wall Street Journal on 14 August. Under the new proposed terms Nvidia would initially backstop only half of the 10GW project, and it would decide about the rest later. A deal could be signed as soon as this weeke…
Goldman Sachs has secured the role every Wall Street firm wanted, and it is now working the phones. The bank is in talks with investors about Nvidia’s $500bn AI-compute financing deal, having landed a prized mandate that effectively casts it as the lea…
Nvidia has a plan to make sure its GPUs won’t lose value. It wants to convince a new crop of financiers to keep lending for AI buildouts.
Nebius rents out computing power. It buys Nvidia chips, puts them in data centres, and charges companies to train and run AI models on them. The trade calls this a neocloud. It is based in Amsterdam, listed on Nasdaq, and was spun out of the Russian in…
Renting an Nvidia H100 for an hour costs whatever your supplier says it costs. There is no published price. Two companies buying identical capacity can pay very different rates, and neither of them will know. That changes on 5 October. CME Group, the e…