U.S. markets panicked on Monday over speculation that DeepSeek’s AI models would crush demand for GPUs, with Nvidia’s stock dropping almost 20%. But Meta isn’t backing off, with its CEO Mark Zuckerberg pledging that the tech giant would invest “very heavily” in AI – even “hundreds of billions of dollars” – over the long term, […]
Zuck shrugs off DeepSeek, vows to spend hundreds of billions on AI Read More »
DeepSeek, a Chinese AI startup, became the talk of the proverbial AI town when it released its R1 model on Friday. R1’s functionality and accuracy compared to its U.S. counterparts, despite using fewer resources and less compute power, seems like a win for the overall AI industry. But it isn’t necessarily good news for everyone.
Nvidia drops $600B off its market cap amid the rise of DeepSeek Read More »
Nvidia CEO Jensen Huang may have said that “very useful quantum computers” are probably still 20 years away, but his company is also hedging its bets beyond classical chips with investments and partnerships in that very space. Now one of the companies that Nvidia partners with in quantum development is announcing funding. SEEQC, a quantum
With a week left in office, President Joe Biden introduced a new set of guidelines and restrictions for exporting U.S.-made AI chips. On Monday the administration announced its Interim Final Rule on AI diffusion. This ruling is meant to “provide clarity to allied and partner nations about how they can benefit from AI” and streamline
Biden administration proposes sweeping new restrictions on exporting AI chips Read More »
At CES 2025 in Las Vegas, AMD unveiled a slew of new chips destined for devices ranging from desktops to gaming handhelds. AMD is riding high coming into this year’s CES. The company commanded a 28.7% share of the desktop CPU segment in Q3 2024, up 9.6 percentage points compared to the same quarter the
AMD unveils new chips for laptops, desktops, and gaming handhelds at CES 2025 Read More »
Fresh off of its worst year since going public in 1971, Intel is announcing new chips at CES 2025 that it hopes will turn its fortunes around. The product announcement is Intel’s largest since the company’s board of directors forced out CEO Pat Gelsinger. That’s not the only reason stakes are high. Intel’s 13th- and
Intel shows off its latest chip lineup at CES 2025 Read More »
Microsoft bought more than twice as many Nvidia Hopper chips this year than any of its biggest rivals. The tech giant bought 485,000 Nvidia Hopper chips across 2024 according to reporting from the Financial Times, which cited data from tech consultancy Omdia. To compare, Meta bought 224,000 of the same, flagship Nvidia chip this year.
Microsoft bought nearly 500,000 Nvidia Hopper chips this year Read More »
Photonics — a field that underpins light-based systems for manipulating data — has a bright future, as the rise of AI demands better computing performance, but it has yet to be fully applied to a new generation of chips. German startup Akhetonics hopes to change that. It’s raised a €6 million seed funding round (approximately
Akhetonics gets fresh funding for a contrarian bet on all-optical chips Read More »
MatX, a startup designing chips that support large language models, has raised a Series A of approximately $80 million, three sources say, less than a year after raising its $25 million seed round. Spark Capital led the investment, valuing the company at a pre-money valuation in the mid-$200 million range and a post-money valuation of
Nvidia raked in more than $19 billion in net income during the last quarter, the company reported on Wednesday, but that did little to assure investors that its rapid growth would continue. On its earnings call, analysts prodded CEO Jensen Huang about how Nvidia would fare if tech companies start using new methods to improve
Nvidia’s CEO defends his moat as AI labs change how they improve their AI models Read More »
