Asian Chip Stocks Slide as Nvidia’s Drop Sparks Broad Selloff
Asian semiconductor shares sank after Nvidia’s overnight decline, with major suppliers including SoftBank, SK Hynix, Samsung, and TSMC posting sharp losses. T
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Asian semiconductor shares sank after Nvidia’s overnight decline, with major suppliers including SoftBank, SK Hynix, Samsung, and TSMC posting sharp losses. T
OpenAI CEO Sam Altman told employees that Google’s new Gemini 3 model is tightening the AI race and may create temporary economic headwinds for the company. Despite the pressure, Altman said OpenAI remains focused...
OpenAI has partnered with Foxconn to co-design and prepare U.S. manufacturing for next-generation AI data center hardware, strengthening domestic supply chains and accelerating deployment of advanced compute systems.
Google executives told employees the company must double its compute capacity every six months to keep pace with surging demand for AI services, underscoring the rising cost and competition in cloud infrastructure.
SoftBank plans to invest up to $3 billion to convert an Ohio EV plant into a facility producing modular data center equipment for OpenAI’s expanding U.S. infrastructure.
Elon Musk announced a 500-megawatt xAI data center in Saudi Arabia, built with HUMAIN AI and powered by Nvidia chips, expanding the company’s global compute footprint.
Adobe will buy Semrush for $1.9 billion, expanding its AI marketing capabilities with GEO and SEO tools to enhance brand visibility across digital channels.
The European Commission has proposed easing key GDPR and AI Act rules, allowing broader data use for AI training and delaying high-risk AI requirements.
Microsoft has launched Agent 365, a new enterprise tool that lets IT teams monitor, provision, and control AI agents across corporate systems, regardless of vendor—tightening security and governance as AI automations proliferate.
Billionaire Peter Thiel sold his entire stake in Nvidia, totaling nearly $100 million, amid fears of an AI-driven tech bubble and rising concerns over inflated valuations in the sector.
Tokyo-based Sakana AI closed a ¥20 billion ($135M) Series B round, valuing the startup at $2.65 billion. The company builds generative AI models optimized for Japanese language, culture, and enterprise needs.
Oracle’s bonds are under pressure after reports indicated the company may take on an additional $38 billion in debt to expand its AI and cloud infrastructure, raising concerns among investors.