nvidia

Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million

CoreWeave’s initial S-1 document for its upcoming IPO is full of surprises. Backed by Nvidia, CoreWeave runs an AI-specific cloud service from its network of 32 data centers that together have more than 250,000 Nvidia GPUs as of the end of 2024, according to the company. Since then, it has also added a number of

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Singapore arrests alleged Nvidia chip smugglers

There’s lots of scrutiny involving China obtaining advanced Nvidia chips despite strict U.S. export controls, with Chinese merchants already reportedly ordering Nvidia’s powerful Blackwell GPUs. On Thursday, Singaporean police arrested 3 men for allegedly smuggling Nvidia chips, Channel News Asia reported. The men, two Singaporeans and one Chinese citizen, were charged with fraud over a

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Chinese buyers are getting Nvidia Blackwell chips despite U.S. export controls

Upholding export controls on semiconductor chips made in the U.S. made chips may be harder than Washington D.C. thinks. Chinese buyers are getting their hands on computing systems with Nvidia’s Blackwell chips through third-party traders located in other regions, the Wall Street Journal reported. Buyers in Malaysia, Taiwan and Vietnam are buying these resources for

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Nvidia CEO Jensen Huang shrugs off DeepSeek as sales soar

Nvidia CEO Jensen Huang is as bullish as ever about his company’s future, repeating his sentiments that DeepSeek won’t impact sales, he said during the latest earnings call on Wednesday. Speculation that DeepSeek’s R1 model required far fewer chips to train fueled a record drop in Nvidia’s stock price last month.  But during the earnings

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Nvidia CEO Jensen Huang says market got it wrong about DeepSeek’s impact

Nvidia founder and CEO Jensen Huang said the market got it wrong when it comes to DeepSeek’s technological advancements and its potential to negatively impact the chipmaker’s business. Instead, Huang called DeepSeek’s R1 open source reasoning model “incredibly exciting” while speaking with Alex Bouzari, CEO of DataDirect Networks, in a pre-recorded interview that was released

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Zuck shrugs off DeepSeek, vows to spend hundreds of billions on AI

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,

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Nvidia drops $600B off its market cap amid the rise of DeepSeek

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.

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Big Tech expands its reach with new startup acquisitions and investments

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week’s newsletter is about startups, but it is also about Big Tech companies expanding their reach, both through acquisitions and through investments. Most interesting startup stories

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Nvidia releases more tools and guardrails to nudge enterprises to adopt AI agents

Nvidia is releasing three new NIM microservices, or small independent services that are part of larger applications, to help enterprises bring additional control and safety measures to their AI agents. One of these new NIM services targets content safety and works to prevent an AI agent from generating harmful or biased outputs. Another works to

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