NVIDIA ISING QUANTUM AI MODELS
Razorpay eyes IPO; Sarvam's $1.5 billion leap
Happy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
Google in talks with Marvell to build new AI chips: The Information
Alphabet's Google is reportedly in discussions with Marvell Technology to co-develop two new chips designed for more efficient AI model execution. One chip will be a memory processing unit to complement Google's TPUs, while the other is a new TPU specifically engineered for AI workloads.
Glade Brook in talks to join Sarvam’s funding; AI startup may hit $1.5 billion valuation
US-based Glade Brook Capital is in discussions to invest $20-25 million in Sarvam AI's $320-350 million funding round, valuing the AI startup at $1.5 billion. Strategic investors like Nvidia, Amazon, and HCLTech, alongside venture capital firms, are also participating in the round.
Cursor may raise $2 billion at $50 billion valuation: Report
AI coding startup Cursor is close to securing over $2 billion in new funding. This investment could value the company at $50 billion. Returning investors like Thrive and Andreessen Horowitz are expected to lead the round. Nvidia may also participate.
Nvidia CEO Jensen Huang loses his cool — here’s what sparked it
Nvidia CEO Jensen Huang spoke in a podcast about selling AI chips to China and global tech competition. He explained that China already has strong computing power and stopping chips may not work. He said companies must keep improving and stay ahead. The discussion also showed tension as different views on security, business, and future AI growth were shared.
Nvidia rival Cerebras discloses US IPO filing as AI boom drives listings
Cerebras Systems revealed its filing for a US initial public offering on Friday, bringing the Nvidia rival closer to the public markets as it seeks to tap into growing optimism around a broad revival in the listings market.
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AMD UALink strategy: Can AMD disrupt AI data center dominance as open interconnect challenges NVIDIA NVLink ecosystem control?
AMD UALink Standard is driving a major shift in AI infrastructure right now. Advanced Micro Devices is leading this open interconnect push as AI cluster demand surges globally. AMD stock has jumped over 166% in one year, showing strong market confidence. This standard improves speed, reduces latency, and supports multi-vendor AI systems. It helps data centers scale faster with better efficiency. As cloud and enterprise AI grow rapidly, AMD UALink Standard is becoming critical for building flexible, high-performance AI clusters.
China's DeepSeek is raising funds at $10 billion valuation: Report
Chinese artificial intelligence firm DeepSeek is in discussions to secure over 300 million dollars. This funding round could value the company at 10 billion dollars. DeepSeek's advanced AI models have gained significant attention. The company previously declined offers from major investors. This potential fundraising highlights the substantial costs involved in developing cutting-edge AI technology.
Is Anthropic's Mythos AI too powerful? Bankers and ministers get into a huddle and raise concerns - key points to know
Anthropic Mythos financial system risk: Global finance leaders are discussing Anthropic's new AI model, Claude Mythos. This advanced AI can identify system vulnerabilities. Finance ministers and central bankers are concerned about its potential impact on financial systems. Access to Mythos is restricted. Banks are urged to strengthen defenses. More such AI models are expected soon.
Nvidia CEO Jensen Huang warns against curbs on US chip sales to China
Nvidia chief executive Jensen Huang has cautioned against US restrictions on advanced chip exports to China, warning that the curbs are accelerating Chinese capabilities and hurting American companies. The statements were made on a podcast hosted by Dwarkesh Patel on April 15.
Internet roasts Claude Opus 4.7 as it flunks viral car wash puzzle in bizarre blunder
Claude Opus 4.7 fails car wash puzzle: Anthropic launched Claude Opus 4.7, its most powerful generally available model for advanced software engineering. Despite improvements, a viral "car wash" puzzle highlighted a reasoning gap, sparking debate about AI's common sense. This incident contrasts with Mythos Preview, Anthropic's more advanced, yet restricted, cybersecurity model.
Quantum mania: Stocks skyrocket up to 141% as Nvidia fuels next tech revolution
Quantum-linked stocks are exploding at record speed. Some names jumped 140% in just one week. That move followed a major trigger. NVIDIA launched new AI models to accelerate quantum computing. Markets reacted instantly. Investors now see quantum-linked stocks as the next big AI trade. The global quantum computing market may cross $11 billion by 2030, up from about $1.7 billion today. That growth is massive. It is pulling capital fast. Governments are also investing billions. This adds urgency. Quantum-linked stocks are no longer ignored. They are becoming central to future tech.
TCS declares Nashik WFH; Wipro Q4 results
Tata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik office. This and more in today’s ETtech Top 5.
Nvidia’s Jensen Huang admits he erred in not backing OpenAI, Anthropic early on
Nvidia CEO Jensen Huang admitted missing early investment opportunities with OpenAI and Anthropic, calling it his "miss" and a "mistake." He explained Nvidia wasn't positioned for the multi-billion-dollar investments these AI labs required then. Now, with Nvidia's stronger financial footing, the company has committed significant funding to both OpenAI and Anthropic.
Cadence, Nvidia working together on developing AI for robotics
Cadence, which is one of the major suppliers of the software used in designing advanced computing chips, is working with Nvidia to integrate its physics engines, which predict how real-world materials interact, with Nvidia AI models designed to train robots inside computer simulations.
Why Dow Jones crashes today while Nasdaq is gaining: US stock market in doldrums as Dow falls 200 points while S&P 500 and Nasdaq stay in green
US stock market today shows explosive moves as top gainers surge over 600% while select losers drag sentiment slightly. The Dow Jones Industrial Average has slipped nearly 200 points to 48,339, while the Nasdaq Composite surged close to 0.8% and the S&P 500 stayed in the green. While the Dow is packed with cyclical and multinational companies sensitive to global risks, the Nasdaq is dominated by AI-driven and tech firms that continue to attract strong inflows. Add to that easing oil prices and optimism around a possible end to the US-Iran tensions, and you get a market where growth stocks rise while defensive and industrial names lag.
US Senator Warren voices concern over Nvidia's acquisition of Slurm
Senator Elizabeth Warren has raised concerns regarding Nvidia's acquisition of SchedMD. This move potentially grants Nvidia significant control over critical software powering US government supercomputers. Warren is seeking information on the extent of government dependency on Nvidia's technology. The acquisition could impact national security and competition in the high-performance computing sector.
IonQ stock surges 20% after bagging big contract - here's all about it, and what investors should know
IonQ stock today surged approximately 20% following the announcement of a significant DARPA contract for the HARQ program. This initiative aims to develop networked quantum systems by integrating diverse qubit technologies, with IonQ contributing crucial quantum memory components to enhance interconnectivity and scalability for advanced applications.
Nvidia launches open-source ‘Ising’ AI models to tackle quantum computing bottlenecks
Firms such as IBM, Google and Microsoft are building quantum hardware and software stacks, while startups like IonQ are focused on specialised systems. However, all players face a common challenge — making quantum computers stable enough for real-world use.
Nvidia grants stock bonuses to India staff, payouts range from ₹5 lakh to ₹1 crore
The “Jensen Special Grant,” introduced in 2024, offers employees an additional 25% of their initial restricted stock units (RSUs). The grant vests over four years, with values calculated in local currency and converted into US dollars at an exchange rate of ₹82.9 per dollar.
Claude Mythos Preview access goes to Big Tech first: Who’s on the list and why it matters
Claude Mythos Preview can autonomously detect and chain software vulnerabilities at a scale that exceeds human capability, with internal testing reportedly uncovering thousands of high-severity flaws across operating systems, browsers, and core internet software. This capability underscores the security concern. Company documents reveal internal warnings that systems built for defence could be repurposed for offensive use.
OpenClaw founder Peter Steinberger in limbo after Anthropic cuts Claude access
The AI firm has restricted the third-party agent tool OpenClaw from connecting to Claude models under standard plans. Developers would now need to shift to API-based, usage-billed access.
CoreWeave strikes AI cloud deal with Anthropic, shares rise
Cloud infrastructure firm CoreWeave has secured a significant deal with AI startup Anthropic. This multi-year agreement will provide Anthropic with crucial cloud computing power later this year. The partnership aims to support Anthropic's advanced AI models. This latest deal follows other major agreements CoreWeave has made recently, highlighting strong demand for AI computing resources.
Meta, CoreWeave deepen AI cloud partnership with fresh $21 billion deal
Meta Platforms and CoreWeave have signed a new $21 billion deal for additional cloud computing capacity. This is to enhance Meta's AI model development. Meta plans to spend up to $135 billion on its AI buildout this year.
From OpenAI to Nvidia, tech firms channel billions into AI infrastructure as demand booms
Tech giants are making massive investments in artificial intelligence. CoreWeave and Meta have expanded their cloud capacity agreement to $21 billion. OpenAI is securing significant funding and partnerships with Amazon, Disney, Broadcom, AMD, Nvidia, and Oracle. Meta is also forging deals with AMD, Manus, CoreWeave, Oracle, and Google. Nvidia is investing heavily in Anthropic and acquiring Groq's assets.
Waiting for DeepSeek: new model to test China's AI ambitions
Despite reports and rumours about its imminent release, DeepSeek's next-generation "V4" model is nowhere in sight. Speculation is also swirling over the geopolitical implications of which computer chips were chosen to train and power the new system: world-leading US designs or made-in-China alternatives that the country is racing to develop.
Is Nvidia stock still the safest AI bet in 2026? Why is Nvidia (NVDA) stock surging 3.5% in today’s premarket — and what’s next for NVDA shares?
Is Nvidia (NVDA) stock still the safest AI bet in 2026? Nvidia (NVDA) stock jumps 3.5% in premarket to $184.45 after geopolitical relief. The U.S.-Iran ceasefire reduces risk and boosts global tech sentiment fast. Investors return to Nvidia stock as AI demand stays extremely strong. Quarterly revenue hits $68.13 billion, rising 73.2% year over year. Data center revenue reaches $62.31 billion, confirming AI dominance. Networking revenue surges 263%, powering next-gen AI infrastructure growth. Forward guidance signals $78 billion revenue despite China restrictions impact. Analysts project Nvidia stock target near $268 with strong buy ratings. Institutional ownership exceeds 65%, showing deep long-term investor confidence. Is Nvidia stock still unstoppable in 2026, or is volatility ahead?
Nvidia acquisition of SchedMD sparks worry among AI specialists about software access
Nvidia last December announced it would acquire SchedMD, giving it control of open-source software called Slurm, which schedules computing tasks and is critical for training large language models that power chatbots such as Anthropic's Claude. Slurm also runs on government supercomputers which help forecast the weather and develop nuclear weapons.
Broadcom signs long-term deal to develop Google's custom AI chips
Broadcom said on Monday it has signed a long-term agreement with Google to develop and supply future generations of custom artificial intelligence chips and other components for the company's next-generation AI racks through 2031.
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