Hedge‑fund legend Michael Burry, known for forecasting the 2008 housing‑market collapse, is betting big against two of the hottest names in tech: Nvidia and Palantir Technologies.
Nvidia CEO Jensen Huang announced this week that the company will build seven new supercomputers for the U.S. Department of Energy — all using American-made chips.
Elon Musk’s artificial intelligence startup, xAI, has raised $20 billion in a major funding round led by chipmaking giant Nvidia, solidifying the company’s position as one of the fastest-growing players in the AI sector. The deal combines $7.5 billion in equity and up to $12.5 billion in debt through a special purpose vehicle (SPV) that will allow xAI to acquire and rent Nvidia processors for five years.
OpenAI and Advanced Micro Devices (AMD) have reached a landmark agreement that will see OpenAI using 6 gigawatts to power its artificial intelligence systems.
Nvidia, the world’s most valuable chipmaker, is quietly developing a new artificial intelligence chip for the Chinese market that complies with U.S. export restrictions but remains more advanced than products currently approved for sale.
Nvidia CEO Jensen Huang has announced a major deal to supply 18,000 AI GPUs to Humain, Saudi Arabia’s newly launched state-sponsored artificial intelligence company. The announcement was made during the Saudi-US Investment Forum in Riyadh, coinciding with President Donald Trump’s visit to the kingdom.
