AI companies are spending so much on infrastructure that Nvidia’s data center business now brings in nearly $50 billion. But is this sustainable growth or just the latest tech mania? And should we even be calling it a “bubble” when the belief in AI’s future is what’s holding the whole ecosystem together? This week on Equity, Kirsten Korosec, Anthony Ha, […]
AI mania is making Nvidia a lot of money Read More »
Nvidia founder and CEO Jensen Huang struck a bullish tone in the company’s third-earnings. And based on the company’s results, there may be reason to. Nvidia reported revenue of $57 billion in the third quarter, 62% higher compared to the same quarter last year. The company’s net income on a GAAP basis was $32 billion,
Nvidia’s record $57B revenue and upbeat forecast quiets AI bubble talk Read More »
Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved
Coding assistant Cursor raises $2.3bn five months after its previous round Read More »
Developer AI coding tool Cursor continues to gobble up venture capital as its valuation keeps climbing. On Thursday, Cursor announced a $2.3 billion funding round that valued the company at $29.3 billion, as originally reported by the Wall Street Journal. This round more than doubles the company’s previous valuation of $9.9 billion, which it achieved
Coding assistant Cursor raises $2.3B 5 months after its previous round Read More »
Masayoshi Son isn’t known for half measures. The SoftBank founder’s career has been studded with brow-raising bets, each one seemingly more outrageous than the last. His latest move is to cash out his entire $5.8 billion NVIDIA stake to go all-in on AI, and while it surprised the business world on Tuesday, it maybe should
SoftBank’s Nvidia sale rattles market, raises questions Read More »
NVIDIA and Qualcomm Ventures have joined a growing coalition of U.S. and Indian investors backing India’s deep tech startups. The group launched in September with more than $1 billion in commitments, timing that aligns with India’s new ₹1 trillion (around $12 billion) research and development initiative. NVIDIA has joined the coalition as a strategic technical
NVIDIA, Qualcomm join U.S., Indian VCs to help build India’s next deep tech startups Read More »
Nvidia is playing fast and loose with its war chest as it looks to build on its momentum as the chief benefactor of the AI boom. The company on Tuesday signed a €1 billion ($1.15 billion) partnership with Deutsche Telekom to set up an “AI factory” in Munich that aims to boost Germany’s AI computing
Nvidia, Deutsche Telekom strike €1B partnership for a data center in Munich Read More »
Cloud-computing company Lambda deepened its relationship with Microsoft through a sizable AI infrastructure deal. Nvidia-backed Lambda announced it struck a multi-billion-dollar deal with Microsoft on Monday to deploy tens of thousands of Nvidia GPUs, according to a press release. The exact size of the deal was not disclosed. Some of these GPUs will be Nvidia
Lambda inks multi-billion-dollar AI infrastructure deal with Microsoft Read More »
The Trump administration has begun taking direct equity stakes in American companies, not as temporary crisis measures, as in 2008, but as permanent fixtures of industrial policy. The moves raise interesting questions, including what happens when the White House appears on your cap table. At TechCrunch Disrupt in San Francisco last week, Sequoia Capital’s global
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! We’re mixing things up a bit this week to focus on what was said on, and off, the stage at TechCrunch
TechCrunch Mobility: Everything said on, and off, the stage at TechCrunch Disrupt 2025 Read More »
