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    Nvidia scandal rocks tech world Web Summit

    Allegations of Chinese spying on Nvidia dominated a top world tech conference on Tuesday, with some executives seeing potential opportunities in the turmoil at the US artificial intelligence chip giant. Chinese technology executives attending the summit highlighted emerging alternatives to Nvidia.

    Anthropic IPO: Amazon, Google could make staggering over USD 400 billion from Claude maker's successful listing. Here's how

    Anthropic IPO: Amazon has invested at least $13 billion in Anthropic and in April agreed to invest up to an additional $20 billion. Google has committed up to $40 billion to Anthropic, including an initial $10 billion investment announced in April.

    Anthropic IPO: Why are Nvidia, Google, Microsoft and AMD investing billions in their own AI competitor? What Big Tech stands to gain from the Claude maker

    Anthropic IPO: Anthropic is set to receive a significant $26 billion investment through its upcoming IPO from several technology companies. Major contributors include Google, Nvidia, and AMD, each seeking commercial advantages. This financial backing will support Anthropic's expansion and operational needs, including increased computing infrastructure. The participating companies aim to benefit from Anthropic's growth while addressing their own strategic interests in the AI market.

    TSMC to invest up to $1 billion in Anthropic, OpenAI

    TSMC is set to invest up to $1 billion in the AI landscape, directing $500 million each to Anthropic and OpenAI. As Anthropic prepares for its IPO, this financial move by TSMC underscores its belief in a booming AI industry. With surging demand for AI chips, TSMC also aims to enhance its production capabilities, reinforcing its role in evolving AI infrastructure.

    TSMC to invest up to $1 billion in Anthropic, OpenAI

    The company is positioning itself to benefit not only from supplying AI infrastructure, but also from owning stakes in some of the industry's most influential developers. TSMC's board approved on Tuesday an investment of up to $500 million to acquire shares in Anthropic at its initial public offering price, and an investment of up to $500 million to acquire preferred stock in OpenAI.

    AMD stock today surges 12% after Oppenheimer upgrades Advanced Micro Devices, while Nvidia slides amid board investigation report

    AMD stock price today: AMD shares surged more than 12% on Monday after Oppenheimer upgraded the stock and set a $600 price target. A Google Cloud partnership, strong data centre growth and CEO Lisa Su’s confidence in AI chip demand also supported the rally, even as Nvidia faced a separate investigation involving its CEO.

    The Economic Times
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