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Black Forest Labs has secured $300 million in Series B funding at a $3.25 billion valuation, supporting development of its foundation AI models for image generation and editing.
Baidu is scaling up its in-house AI-chip business via its Kunlunxin unit, unveiling a five-year roadmap with M100 and M300 chips and aiming to fill the gap left by restricted Nvidia GPU access in China.
Nvidia’s strong earnings reignite AI bubble fears, but analysts say the boom has years of runway as real demand, revenue growth, and new AI use cases accelerate.
Nvidia asserts it is “a generation ahead” in AI chips after reports that Google may supply Meta with its processors, spurring market competition.
Nvidia CEO Jensen Huang told staff to use AI for all possible tasks and reassured them that automation would not threaten their jobs.
Meta is in talks to spend billions on Google’s TPUs for its data centers, a shift that would position Alphabet as a stronger competitor to Nvidia. The discussions include Meta potentially renting Google Cloud chips as early as next year.
Asian semiconductor shares sank after Nvidia’s overnight decline, with major suppliers including SoftBank, SK Hynix, Samsung, and TSMC posting sharp losses. T
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.
Nvidia reported strong third quarter results driven by soaring demand for its data center GPUs and Blackwell architecture. The company raised its outlook as AI infrastructure spending accelerates.
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.
Anthropic is committing $30 billion in Azure compute as part of a major new partnership with Microsoft and Nvidia, expanding Claude and deepening collaboration on AI infrastructure.
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.
Anthropic will spend $50 billion on custom AI data centers in Texas and New York, partnering with Fluidstack to boost U.S. compute capacity and support its long-term research.
WisdomAI, the AI analytics startup founded by Rubrik co-founder Soham Mazumdar, has raised a $50 million Series A led by Kleiner Perkins with Nvidia’s NVentures joining in. The startup says its AI system eliminates hallucinations by using LLMs only to write data queries—not answers.
nvestor Michael Burry alleges that major AI infrastructure firms are overstating profits by extending chip depreciation timelines, potentially inflating industry earnings by $176 billion.