NVIDIA RUBIN
Nvidia board meets to decide CEO Jensen Huang's future, source says
Nvidia's board is meeting to discuss whether to remove CEO Jensen Huang amid reports of two alleged extramarital affairs involving the longtime leader. The possibility of a leadership change has raised concerns among investors and market experts about the company's succession plans, future AI strategy, China business and its position in the global artificial intelligence industry. Here is what market experts are saying about the potential impact on Nvidia and the broader AI sector.
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.
Three years ago today, Alice Huang stepped down as Megaspeed director: What happened next and Why Jensen Huang faces scrutiny
Three years after Alice Huang left Megaspeed's board, her reported relationship with Nvidia CEO Jensen Huang and alleged China intelligence links have drawn attention. US investigations into Megaspeed, Nvidia's board inquiry and a congressional request for answers have raised questions about national security and the company's China dealings.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
Oracle expands chip supply deal with Nvidia, adds Google and Cerebras offerings
Oracle and Nvidia said the cloud firm will expand to "multi-gigawatt scale" with Nvidia's newest generation of "Vera Rubin" AI servers. The companies did not disclose the value of the deal, though Nvidia CEO Jensen Huang has previously said that Vera Rubin systems can generate up to $40 billion in revenue per gigawatt for the chipmaker.
Nvidia launches OpenShell Reference Architecture to contain AI agents
Nvidia said this architecture combines computing hardware, software and security tools to keep agents within defined boundaries aiming to address a part of the problem.
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Nvidia's Huang hails Europe's AI potential, flanked by robot ducks
In a demonstration of Europe's AI creativity, Huang shared the stage with tiny duck-shaped, AI-trained robots developed by French startup Pollen Robotics in collaboration with Hugging Face, asking them to perform somersaults.
ByteDance, Alibaba, Tencent place over $35 billion worth of Nvidia chip orders
US-based chipmaker Nvidia has told customers and partners it cannot guarantee that it can fill the orders because demand from Chinese technology companies far exceeds planned production, the two sources and a third person familiar with the matter said. They requested anonymity because they are not authorised to speak to the media.
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.
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.
Tech companies tap debt, equity to fund AI and cloud expansion
Major tech giants like Alphabet and Amazon are gearing up for significant debt offerings aimed at bolstering their AI capabilities. Meanwhile, SpaceX seeks funding specifically for Nvidia chips to enhance its AI infrastructure. Other significant players including Salesforce and Oracle are following suit, utilizing debt markets for expansions and buybacks.
Nvidia’s $20 billion Groq deal under fire: Why shareholders are suing
In a striking legal development, two ex-Groq engineers have taken Nvidia to court over alleged mismanagement of their technology and personnel. The lawsuit alleges that crucial investors were sidelined during the $20 billion transaction. Additionally, shareholders are asserting they were inadequately compensated, while select employees enjoyed substantial payouts. Ongoing investigations into potential antitrust issues highlight worries about market consolidation in such deals, emphasizing the necessity for rigorous legal examination.
AM Intelligence plans $20 billion additional investment in 15 months, orders 20k more Nvidia GPUs
The company announced that it has placed two further firm and binding orders for 20,000 NVIDIA Rubin GPUs for deployment of the systems across India and Malaysia, taking its total capacity to 100 Megawatt.
Samsung poised for historic $73.4 billion quarterly operating profit on memory demand surge
Samsung Electronics is expected to report a record quarterly profit due to increased demand for memory semiconductors. The anticipated operating profit for the third quarter is approximately 108.1 trillion won. Revenue for the July-September period is projected to reach about 201.7 trillion won. Additionally, the Device Solutions division is likely to have an impressive operational margin between 72 percent and 75 percent.
Nvidia still 'the one' for AI? BNP Paribas raises target to $345, sees up to 47% upside
BNP Paribas has retained its Outperform rating on Nvidia and raised its target price to $345 from $285, implying 47% upside. The brokerage sees Nvidia’s full-stack AI platform, including GPUs, networking and software, helping it navigate the shift towards increasingly complex inference workloads and sustain its market leadership.
AI chipmaker d-Matrix to connect next-gen inference chips to Nvidia infrastructure
d-Matrix will integrate its Raptor XPUs with Nvidia's NVLink Fusion technology. This partnership allows faster deployment of inference chips at scale. Customers gain access to Nvidia's liquid-cooled architecture and MGX ecosystem. The integration offers a lower-risk path for ultralow-latency inference deployment.
Palantir, Nvidia bring sovereign AI to Nvidia’s complex supply chain
Palantir and Nvidia are deploying sovereign artificial intelligence across Nvidia's supply chain. This collaboration integrates Nvidia's open AI models with Palantir's enterprise AI platform. The system aims to enhance supply chain visibility and speed up decision-making processes. Companies can post-train Nvidia's models on their own operational data.
IPO-bound Yotta plots $12 billion next-gen Nvidia chip order
The Hiranandani Group’s data centre arm has already deployed 40,000 graphics processing units (GPUs) at an investment of $1.8 billion by June. Combined with the proposed $12 billion order for the premium enterprise artificial intelligence hardware, Yotta would become Nvidia’s largest customer in India, he said.
Nvidia-backed Firmus signs deal with OpenAI for Malaysia data centre capacity
Australia's Firmus said on Tuesday it had signed a multi-year deal with OpenAI to supply computing capacity from two Malaysian data centres, making the ChatGPT maker an anchor customer as demand surges for infrastructure to run advanced AI models.
Nvidia at heart of data centre revolution, says BNP Paribas; sees 36% upside
BNP Paribas has issued an outperform rating on Nvidia with a target price of $285, implying a 36% upside. The brokerage highlighted Nvidia's role in the data centre revolution, accelerated computing, strong Q2 financial results, and robust demand for its Blackwell and Vera Rubin platforms despite supply chain constraints.
Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run
"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," Nvidia Chief Executive Jensen Huang said.
Nvidia earnings: Chipmaker forecasts Q3 revenue at $108 billion, above analysts' estimates as Q2 profit, revenue double YoY
Nvidia earnings: Nvidia forecasts strong third quarter revenue, exceeding analyst expectations significantly. The company sees a trillion-dollar market opportunity for its AI chips through 2027. Nvidia's operating expenses and future spending plans have also increased. Competition is growing, but Nvidia secures major partnerships and customer commitments.
AMI’s Nvidia chip bet; Groww’s new growth play
Happy Wednesday! AMI has ordered 9,000 Nvidia Vera Rubin chips, becoming one of Asia’s first such adopters. This and more in today’s ETtech Morning Dispatch.
AI data centre firm AMI orders 9,000 Nvidia Vera Rubin chips
AM Intelligence (AMI), promoted by Greenko founders, has ordered 9,000 Nvidia Vera Rubin chips as it builds a 5GW global data centre network. The company plans to deploy 200MW over the next 18 months, backed by $3 billion in debt and equity funding, targeting global AI customers and model training workloads.
SpaceX, Nvidia develop space-optimised AI system for orbital launch next year
SpaceX and Nvidia have developed a space-optimised Vera Rubin NVL72 AI system that is planned for launch into orbit in the fourth quarter of 2027, said Elon Musk. Resharing an Nvidia post, Musk said the system will see significant scale-up in 2028 as SpaceXAI is expanding its AI infrastructure.
Nvidia faces growth test as Rubin debut meets AI financing scrutiny
The chipmaker has been the biggest beneficiary of the race to build AI infrastructure. Recently, though, its stock has come under pressure as the company has pumped billions of dollars back into the AI ecosystem, stoking fears about its role in so-called circular deals that could artificially inflate demand and distort broader economic signals.
AM Intelligence orders 9,000 Nvidia Vera Rubin GPUs for Hyderabad AI factory
The order comprising 9,000 Vera Rubin NVL72 rack-scale systems is scheduled for delivery in the first quarter of 2027 and will power the first 30 megawatts phase of AMI’s upcoming AI factory in Hyderabad.
Nvidia sales opportunity for Blackwell, Rubin chips more than $1 trillion by 2027
Blackwell and Rubin are Nvidia's flagship AI chips and capable of building the large language models that underpin chatbots such as OpenAI's ChatGPT.
ETtech Explainer: What’s Nvidia's Rubin platform, and why it matters for AI
The Rubin platform moves Nvidia from a seller of powerful GPUs to delivering fully integrated AI computing systems. Rubin is made up of six chips, consisting of tightly connected processors and networking components — Vera CPU, Rubin GPU, NVLink 6 Switch, ConnectX-9 Super NIC, BlueField-4 DPU, and Spectrum-6 Ethernet Switch.
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