GPU COMPUTING
Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
GPU bidding norms eased; Lenskart CEO on profitability
Happy Thursday! Govt has lowered entry barriers for GPU bidders, but pricing concerns remain. This and more in today’s ETtech Morning Dispatch.
Entry norms for GPU bidders eased, but price pain remains
Bidders will not be required to submit a financial bid or commit to service level terms at the first stage, which will be for technical qualification. This is a significant change from the previous IndiaAI process. The minimum technical qualifying score has been reduced to 60 out of 100, compared with 75 under the IndiaAI framework.
Texas and Georgia host the AI data-centre boom and both swung blue; AI cloud stocks fell and solar jumped up to 10% as the fight over who pays for power begins
Data centre stocks fall after Democrats win Congress, but solar shares jump 10% as US election results shake up energy outlook. Texas and Georgia are two important locations for the industry. Both elected Democratic candidates in the midterm elections. Democrats also made gains in traditionally Republican areas, including Kansas.
Chip startup Agrani Labs looks to raise $108 million from Peak XV, Google, Samsung
Peak XV Partners is leading the round and is expected to contribute more than half of the total funding. Google, HCL Tech, Samsung Ventures and Stargazer, an investment firm set up by Groww's founders, are also expected to participate, the people cited above said.
Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources say
One of the people said the money would pay for additional chips for the data center Argentum secured in Poland with DL Invest Group, and that the debt is meant for chips leased to customers that do not have investment-grade ratings.
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Apple launches new iMac with M6 in India, prices start at Rs 1,74,900
Apple has launched its new 24-inch iMac with the M6 chip in India, with prices starting at Rs 1,74,900. The desktop brings improved performance, faster on-device AI processing, Wi-Fi 7, Bluetooth 6 and a 4.5K Retina display. Available in seven colours, the new iMac supports up to a 12-core CPU and GPU and runs macOS 27 with Siri AI and Apple Intelligence features. Pre-orders begin on October 28, with sales starting November 6.
AI startup Simplismart raises $14 million from Dallas Venture Capital, Nvidia as demand for inference grows
As enterprise adoption of AI models scales, companies are seeking more cost-efficient ways to operate AI tools. Simplismart, founded by former Oracle and Google engineers Jain and Devansh Ghatak, provides software that helps enterprises select and deploy AI models suited to their specific workloads and run things more efficiently.
UP Cabinet approves robotics, AI park in Greater Noida
The Uttar Pradesh Cabinet has approved the establishment of a robotics and AI park in Greater Noida. This park is expected to generate over one lakh jobs and significantly contribute to the state's economy. It will be developed in two zones, focusing on indigenous manufacturing and AI technology advancement. The first zone will operate under a public-private partnership model, aiming for commercial operations within 36 to 48 months.
Elon Musk says SpaceX raised $40 billion in debt for GPUs
Musk's post comes after Reuters reported earlier this month that SpaceX is in talks with banks and asset managers to raise $40 billion for the purchase of Nvidia artificial intelligence chips.
Apple Mac mini M6 review: A compact powerhouse for video editing, AI agents and everyday productivity
Apple’s Mac mini M6 packs powerful performance into a compact desktop, but is it the right choice for creators and professionals? From 4K video editing and multitasking to experimenting with local AI models and tools such as ChatGPT and dots, the machine offers plenty of possibilities. However, its starting configuration comes with limitations that buyers should consider before investing.
Centre recognises AI needs more regulation: IT Secretary
Referring to a series of cyber incidents whereby AI agents escaping sandboxes and running rogue, Krishnan said many ways by which agents exploit systems is because someone didn't follow cyber hygiene.
India's AI financing demand to shift towards data centres, but GPU, regulatory risks persist: Report
As India embraces the AI revolution, the sector's growth is bolstered by a surge in internet and smartphone users, alongside a wave of generative AI technology adoption. The nation's rich pool of tech talent and expanding internet user base shine as notable advantages. Yet, challenges loom, such as limited GPU manufacturing and changing regulations, which could hinder progress.
Nvidia’s rivals have built their own AI chips and now want to make the software switch easier
Nvidia faces competition as Amazon and Google introduce tools that allow minimal changes for chip switching. Amazon's TorchNeuron and Google's TorchTPU aim to simplify the transition for developers using PyTorch. These tools enable existing code to run efficiently on different hardware.
Govt plans sovereign AI infrastructure with tighter control over data, GPUs
Not-so-sensitive yet relatively important categories will be managed through a new framework in which the state may own the hardware such as GPUs while private sector companies may run and operate it, the officials told ET.
China's AI data centre boom faces Return-on-Investment test as financing costs rise: Goldman Sachs
Goldman Sachs examined three business models in China's data centre sector: traditional powered-shell facilities, integrated AI data centres that provide graphics processing unit (GPU) computing services under long-term contracts, and AI token factories that generate revenue by processing AI workloads.
Lightstorm’s India-Southeast Asia subsea cable system to be ready in 2029, says CTO
Lightstorm is a network provider that builds high-capacity optical fibre and AI-native connectivity platforms across the APAC region. The I-2SEA cable system, announced in July this year, will connect India’s east coast with Singapore and Malaysia. It will land at South Chennai and Machilipatnam in India, and at Singapore and Morib in Malaysia.
One decision that made Jensen Huang worth $185 billion: Nvidia nearly went bankrupt in 1996, then a risky bet helped build its AI dominance
Jensen Huang went from working as a dishwasher at Denny’s to becoming the billionaire CEO of Nvidia. The turning point came in 1993, when he cofounded the company with two engineers to develop chips for better computer graphics. After an early setback nearly bankrupted Nvidia, Huang backed graphics-processing technology that later became essential to artificial intelligence, helping transform the company into a global technology powerhouse.
As India buys more AI chips, the real test is to keep them running
Industry leaders said businesses must pay closer attention to the systems around their processors, which actually decide the return on their investments.
AI cloud unicorn Neysa eyes 2027-end IPO, plans new Nvidia, AMD chips and own data centres
Cofounder and CEO Sharad Sanghi told ET AI the firm is seeing demand from Indian customers and global companies looking to use India as a computing base with BFSI clients leading enterprise demand.
Microsoft Azure is not taking cost-cutting measures, says software giant spokesperson amidst AI overhaul reports
Microsoft has announced the next generation of its custom AI chip and said it plans to deploy potentially more than a million of them next year to back its internal AI services.
Apple launches HomeView, HomePod mini 2 and new Apple TV 4K in India: Prices, specifications and availability
In an exciting announcement, Apple has launched three innovative devices for enhancing smart home environments: the HomeView, HomePod mini 2, and Apple TV 4K. HomeView is the new smart home hub with a user-friendly 7-inch display. The HomePod mini 2 promises richer audio and forthcoming advanced Siri features, while the Apple TV 4K improves streaming options and enables hands-free Siri usage.
Nvidia’s share of China AI chip market falls to 34% as Huawei gains ground
Nvidia's share of China's AI chip market dropped to 34% in the first half of 2026 due to US export restrictions. Domestic competitors like Huawei increased their market presence significantly during this period. The total AI accelerator shipments in China reached over 2 million units, with non-GPU shipments surpassing GPU sales for the first time.
NVIDIA opens AI data centre designs as it pushes for industry-wide standards
NVIDIA is collaborating with Google, Meta, AMD, and Cisco to set standards for AI data centres. This partnership aims to create common blueprints for building next-generation infrastructure in AI. They introduced the Vera Rubin rack and MGX architecture to support intensive power needs. Additionally, new specifications were published to ensure grid resilience in design requirements.
Nvidia's China AI-chip share falls as Huawei closes gap, report finds
Nvidia's share of China's market for data-centre AI chips fell to 34% in the first half of 2026, as US export controls restricted supplies of its products and domestic rivals led by Huawei gained ground, according to an IDC report seen by Reuters.
Microsoft plans huge deployment of its own AI chips, with an eye on saving costs
The Maia 300, as the chip is called, is the third generation of the company's custom chips designed to handle AI data crunching such as coding and carrying out complex business tasks on a user's behalf. Its predecessor is already running Microsoft's in-house AI models, as well as models from OpenAI delivered on Microsoft's Azure cloud computing service.
ET Startup Awards 2026: Deeptech wants government to step up as the first customer
At the discussion, titled ‘Building the Hard Stuff in India’, moderated by Accel partner Prashanth Prakash, founders from the space, semiconductor and healthtech sectors discussed the challenges of building capital-intensive technologies, developing domestic capabilities and taking complex products to market.
Juspay slips into losses in FY26 on AI investments; revenue rises 30%
In the fiscal year 2026, Juspay encountered a net loss of Rs 90 crore, attributed to substantial investments in artificial intelligence and GPU infrastructure. Despite this setback, revenue soared by 29%, totaling Rs 664 crore compared to the prior year. Looking ahead to FY27, Juspay is set to bolster its GPU technology investments.
Govt fast-tracks safer AI blueprint, paper on regulation out in a month
Speaking at a World Bank group event, Vaishnaw said the paper will be released in one month, and will focus on AI safety, humanity, skilling, inclusivity, and mitigation of harms such as deepfakes from AI.
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