AI CHIP BEHEMOTH
‘I’m a piece of sh--’: Jensen Huang’s last hours as Nvidia CEO
For the decades he spent building Nvidia into a multitrillion-dollar AI chip behemoth, Huang was famous for his attention to the tiniest of details, from chip architecture to the compensation packages of even the most junior employees at the company. Now, in the eyes of the people in the room, he had given up.
Donald Trump says Tim Cook should replace Jensen Huang at Nvidia: All about former Apple CEO who once took over from legendary tech visionary Steve Jobs
Tim Cook stepped down after a 15-year stint as Apple's CEO in September and is now executive chairman at the iPhone-maker's board of directors.
Who could potentially replace Jensen Huang if Nvidia ousts him?
Nvidia's board is reportedly discussing the future of CEO Jensen Huang due to recent controversies surrounding him. Huang has been linked to extramarital affairs, including a connection to an accused Chinese spy. Speculation about potential successors includes internal candidates and family members, highlighting the absence of a clear succession plan. External candidates from other tech firms are also being considered as replacements for Huang.
Alleged spy plot targeting CEO Jensen Huang raises questions about Nvidia's future
Jensen Huang has been synonymous with Nvidia since he co-founded it more than 30 years ago. The company now faces potential damage to its reputation and stock price, uncertainty over a possible successor and new scrutiny from shareholders and elected officials.
Nvidia and CEO Jensen Huang face class-action lawsuit over Chinese spy affair
Jensen Huang of Nvidia faces a class-action lawsuit filed by Rosen Law Firm concerning shareholder miscommunication. The lawsuit alleges that Huang's unreported relationship with a Chinese executive raised national security concerns impacting shareholders. Reports indicated the woman involved was linked to foreign intelligence efforts, leading to market instability. Huang admitted his unfaithfulness in a message to employees while expressing remorse for his actions.
Big Tech turning to equity to raise funds for AI
Meta plans to raise up to $98 billion to fund AI infrastructure, making it one of the largest equity financing plans ever. Stocks worth only about $37.5 billion have been sold so far — which includes common stock, along with a $12.5 billion offering of mandatorily convertible preferred shares.
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AI chip giant SK hynix says quarterly operating profit soars 630%
South Korean chip giant SK hynix said Wednesday its third-quarter operating profit soared 632 percent on-year, largely driven by the artificial intelligence industry's explosive demand for its advanced memory chips. The memory chip giant said it had posted record revenue and operating profit for six straight quarters since the second quarter of last year.
Rs 1.13 lakh crore boom in one corner, a bust in another: What changed in the AI trade?
Indian IT stocks surged as calls for a slower pace of frontier AI development eased concerns over disruption to traditional software services. The Nifty IT Index gained 5% on Tuesday, adding Rs 1.13 lakh crore in market value, while power and infrastructure stocks tied to AI buildout declined sharply, highlighting a shift in investor positioning.
Slow the AI race? Investors weigh the potential cost
Calls to rein in the development of ever more powerful AI models are fuelling fears over the massive capital outlays in the sector -- and the prospect that profits from the promised revolution might not be enough to cover them. Anthropic meanwhile is gearing up for an imminent IPO to raise further billions for its unprecedented spending on development as well as massive data centres for its power-hungry models.
Nobody is a friend; India must cut reliance on foreign tech: M2P Fintech’s Madhusudanan R
In the run up to the Global Fintech Fest 2026, Madhusudanan R, co-founder of M2P Fintech, spoke to The Economic Times Digital about the new frontiers of challenges for India in the age of AI, how fintechs have to walk a tightrope and why India is a better market than the US.
AI chip challenger Cerebras sets sights on Europe
Cerebras plans significant European computing capacity expansion to challenge Nvidia. The AI chip startup is responding to extraordinary demand across the continent. This expansion aims to meet unique European data control requirements and concerns. Cerebras' large wafer-scale processors offer faster AI inference for users. The company sees immense growth and productive benefits from artificial intelligence.
EU should side with Washington in 'AI war' with China, US envoy warns
America's top envoy in Europe has urged the European Union to stand with the United States in a critical artificial intelligence race against China. The ambassador voiced worries about the EU's plans to reduce reliance on American technology. He stressed that Western civilization's interests lie in an American victory in this technological contest.
Trump releases AI policy for Congress to pre-empt state rules
The White House has unveiled a new artificial intelligence policy. This plan aims to create a single national framework for AI regulation. It seeks to prevent varied state laws and ensure consistent rules across the country. The policy also focuses on protecting children online and managing energy costs associated with AI.
Elon Musk says space will be the cheapest place for AI data centres in three years
Talking on the Dwarkesh Podcast, co-hosted by Dwarkesh Patel and Stripe cofounder John Collison, Musk said Earth has some insurmountable power bottlenecks in scaling AI. "The availability of energy is the issue," Musk said, noting global electricity output outside China remains "pretty close flat" while chip production surges.
Tech firms to showcase AI innovations in a China under US sanctions
Over 800 tech firms, including Huawei, Alibaba, and global names like Tesla and Amazon, will gather in Shanghai for the World AI Conference. The event highlights China’s AI ambitions despite US sanctions. Premier Li Qiang will speak, underscoring Beijing’s goal to lead the global AI race by 2030.
At Amazon's biggest data centre, everything is supersized for AI
Amazon constructs huge AI data centers in Indiana. Project Rainier includes sites in Mississippi and possibly North Carolina, Pennsylvania. These centers will power AI startup Anthropic. The facility consumes significant electricity and water. Local residents express concerns about water issues, traffic, and environmental impact. Amazon aims for efficient AI chip usage. The project faces community opposition regarding wetland development.
Sam Altman's partnership with Jony Ive furthers OpenAI's hardware ambitions
Ive and the his creative collective Loveform started collaborating with OpenAI and Sam Altman two years ago, the ChatGPT maker said in a statement. The startup io was created to one year ago to develop, engineer and manufacture a new family of products.
Nvidia showcases new tech at AI 'Super Bowl'
Jensen Huang used the annual speech to unveil developments and tie-ups at the company he co-founded more than three decades ago. Nvidia has seen stratospheric growth, with the AI frenzy stemming largely from the company's core product: graphics processing units (GPUs).
Nvidia showcases AI chips as it shrugs off DeepSeek
The AI boom propelled Nvidia stock prices to stratospheric levels until a steep sell-off early this year triggered by the sudden success of DeepSeek.The stock, one of the most traded on Wall Street, is down more than nine percent this year despite a recent rebound from a March low.
DeepSeek dims shine of AI stars
China-based DeepSeek shook up the world of generative artificial intelligence (GenAI) early this year with a low-cost but high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths. But then DeepSeek upended the sector with its R1 model, which it said cost just $6 million or so, powered by less-advanced chips.
Nvidia’s AI dominance remains intact despite challenges from DeepSeek
Despite concerns over DeepSeek's AI breakthrough, Nvidia's strong industry links and the ongoing demand for AI infrastructure have kept its growth outlook solid.
As users flock to DeepSeek, the Chinese AI titan is hit by outages
DeepSeek, a Chinese AI startup, experienced outages following its rapid rise to the top-rated free app on Apple's US App Store.
China probes Nvidia for 'violating' anti-monopoly law
Nvidia is also suspected of violating commitments it made in 2020 when it acquired Israeli data centre firm Mellanox. Recently, China and the United States have been clashing over exports of key chipmaking technology, where Nvidia is a major player.
The furious contest to unseat Nvidia as king of AI chips
Nvidia's rivals have also started taking a leaf out of the company's playbook in another way. They have begun emulating Nvidia's tactic of building complete computers -- and not just the chips -- so that customers can wring the maximum power and performance out of the chips for AI purposes.
Nvidia rolls out Hindi-language AI model in India as CEO Huang visits
Nvidia is rolling out its new small language model, dubbed Nemotron-4-Mini-Hindi-4B, with 4 billion parameters, for firms to use in developing their own AI models, the company said. "The model was pruned, distilled and trained with a combination of real-world Hindi data, synthetic Hindi data and an equal amount of English data," it said in a statement.
Hedge funds turn to South Korea for next wave in AI
Hedge funds, including FengHe and CloudAlpha, invest in South Korea's chipmakers and firms like HD Hyundai Electric. These companies support Nvidia, aided by a 26 trillion won government package, boosting the KOSPI index. Despite the depreciating won and TSMC’s higher multiple, they attract investments amid the Sino-U.S. tech war and U.S. export bans.
Nvidia, the world’s newest, AI-amped tech giant
Founded in 1993, Nvidia designs chips that are used in the fastest developing sectors of the tech business: gaming, video-editing, self-driving cars and, now, artificial intelligence.
Gautam Adani praises ChatGPT, surprised by IT Industry's recession predictions
Adani expressed astonishment after reading about the huge 'infallible' IT industry and academics' predictions of a worldwide recession in the third quarter of 2023.
Microsoft launches Surface Laptop 5, Surface Pro 9 & Surface Studio 2+: Check out details
The tech giant also announced that Apple Music and Apple TV will be coming to Windows soon.
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