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Oracle’s quarterly revenue beats estimates as AI boom drives cloud demand
3+ day, 13+ hour ago (321+ words) Sept 10 (Reuters) – Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen…...
Nvidia teams up with Australian partners to build AI factory capacity
4+ day, 9+ hour ago (100+ words) Sept 9 (Reuters) - Nvidia said on Wednesday it is working with a group of Australian cloud and data center firms to expand infrastructure for artificial intelligence computing, with projects that could support up to 2 gigawatts of AI-rel... Nvidia teams up with…...
OpenAI says working with Samsung on next-generation chips, deepening cooperation
5+ day, 3+ hour ago (389+ words) SEOUL, Sept 9 (Reuters) – OpenAI is deepening cooperation with Samsung Electronics as the ChatGPT maker develops its own chips, expanding ties with the South Korean technology giant across semiconductors and enterprise AI services. “One of the areas where we have made…...
Nvidia-backed Firmus signs deal with OpenAI for Malaysia data centre capacity
6+ day, 8+ hour ago (235+ words) Sept 8 (Reuters) – 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…...
South Korea, US agree on more than $20 billion gas plant investment in Texas, media reports
1+ week, 1+ hour ago (246+ words) SEOUL, Sept 7 (Reuters) – South Korea and the United States have agreed on the size of Seoul’s planned investment in a gas project in Texas at around $22.3 billion, Korean media outlet Edaily reported on Monday, citing unidentified officials and politicians. The…...
Nvidia discusses Perplexity investment at $30 billion-plus valuation, The Information reports
3+ week, 6+ hour ago (105+ words) Aug 23 (Reuters) - Nvidia is discussing investing in Perplexity as part of an equity round that would value the AI startup at more than $30 billion, the Information reported on Sunday citing people with knowledge of the discussion. Reuters... Nvidia discusses Perplexity…...
Nvidia H200 chips reach China in small shipments, FT reports
3+ week, 5+ day ago (136+ words) Aug 18 (Reuters) - Small batches of Nvidia's H200 chips have been allowed to enter mainland China, the Financial Times reported on Tuesday. ByteDance and Tencent have each received about 10,000 H200 processors in recent weeks, while a few ot... Aug 18 (Reuters) â Small batches…...