News
The dirty secret behind Big Tech's AI arms race: Massive hardware investments that are obsolete in 3 years
6+ day, 1+ hour ago (1143+ words) Fortune The hidden menace behind Big Tech's AI arms race: Meta, Amazon and others are spending billions on hardware that's worthless in 3 years There's a wild paradox in the middle of the biggest story in tech right now. The GPUs…...
Even Nvidia's own research teams can't get enough GPUs
1+ week, 4+ day ago (674+ words) Most of these AI models run on Nvidia GPUs, the sophisticated and expensive AI chips (at over $30, 000 a pop) that power their training and output. But across the industry, access to those chips remains a bottleneck. Open AI president Greg…...
Supermicro soared because of $4 trillion Nvidia'and Jensen Huang can walk away any time he wants
2+ week, 1+ day ago (1301+ words) When Nvidia CEO Jensen Huang got onstage at an event in his native Taiwan in 2024 to talk about the future of AI and supercomputers with Supermicro CEO and co-founder Charles Liang, the familiarity between the two was obvious." "When we're…...
AI chips are getting too expensive'and too power-hungry. This startup just raised $50 M to change that.
3+ week, 5+ day ago (500+ words) Normal Computing has raised $50 million in a round led by Samsung Catalyst as the startup pursues a two-pronged bet on the future of AI hardware: using AI to help semiconductor companies design chips more efficiently, while also developing a new…...
From robotics to AI agents, Jensen Huang's GTC keynote was full of signals that startups can't afford to ignore
1+ mon, 2+ day ago (891+ words) Jensen Huang's Nvidia GTC is kind of like tech's Super Bowl Halftime Show." Everyone wants to be there, and if you're not there, you inevitably end up hearing about it. And on Monday afternoon, Huang hit on agentic AI, the…...
Fortune Tech: Nvidia's GTC show
1+ mon, 3+ day ago (417+ words) Good morning. You've got to hand it to Jensen Huang. The guy does not get tired. The 63-year-old, silver-haired Nvidia CEO didn't break a sweat as he paced the stage and spoke for a continuous two-and-a-half hours on Monday morning…...
'What will our kids do?': one question was on every investor's lips at Morgan Stanley's big AI conference
1+ mon, 1+ week ago (758+ words) The biggest names in tech descended on San Francisco last week for Morgan Stanley's annual TMT Conference, armed with record earnings, soaring stock prices, and an AI arms race minting new fortunes at historic speed. But between the fireside chats…...
Nvidia's record quarter and what it signals for CFOs: 'Compute equals revenue"
1+ mon, 3+ week ago (458+ words) Good morning. Traders likely felt some relief on Wednesday evening following Nvidia's strong Q4 earnings report. The tech giant, which currently has the largest market cap in the world at about $4. 7 trillion, reported record revenue for Q4 of $68. 1 billion, up 20% from Q3 and…...
Meta signs AI chips deal that could go up to $100 billion, option for 10% stake in AMD
1+ mon, 3+ week ago (309+ words) Facebook owner Meta Platforms will buy artificial intelligence chips from Advanced Micro Devices in a deal that will also give it the opportunity to buy up to a 10% stake of the chip company. News of the AMD deal comes just…...
In Nvidia we trust " "The agentic AI inflection point has arrived" says CEO Jensen Huang
1+ mon, 3+ week ago (655+ words) Once again, Nvidia CEO Jensen Huang had a simple response for investors who are worried that the AI spending race might be overblown. "I am confident in their cash flow growing," said Huang, in response to a question. "And the…...