Nvidia guaranteed $105 billion for OpenAI’s Ohio data centre campus on Monday, finalising a deal that came in $145 billion below early public estimates.
Tag: Nvidia
Posted inMarkets
Nvidia Mobilizes $500 Billion in AI Infrastructure Financing With Six Wall Street Firms
Nvidia signed MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create AI compute financing platforms targeting over $500 billion in third-party capital.
Posted inTech
South Korea Closes $950 Billion in AI Deals at San Francisco Summit
South Korean companies struck $950 billion in semiconductor and AI deals with Nvidia, Anthropic and Broadcom at a San Francisco summit hosted by President Lee Jae-myung on July 24.
Posted inMarkets
Chip Stocks Slide as AI Capex Fears Grip Markets Ahead of FOMC
Semiconductor shares led Monday’s market decline, with Nvidia down 5%, AMD off 5.2%, and Sandisk shedding 11% on fears that circular AI financing could unravel if hyperscalers scale back data-centre spending.
Posted inTech
Nvidia Cuts More Than Half Its Approved Asian AI Chip Buyers in Diversion Crackdown
Nvidia has more than halved its whitelist of approved Asian buyers for advanced AI chips, introducing on-site data-center inspections after Blackwell processors were found flowing to Chinese entities through third-country subsidiaries.
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Qualcomm closes $3.9 billion Modular deal and advances Tenstorrent talks in $14 billion AI chip push
Qualcomm confirmed the $3.9 billion acquisition of AI software startup Modular on 24 June while continuing talks to buy chip designer Tenstorrent for up to $10 billion.
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Reflection AI takes $6.3bn SpaceX compute deal as AI infrastructure concentrates
Reflection AI will pay SpaceX $150 million a month for Nvidia GPU access at Colossus 2, in a contract worth up to $6.3 billion through 2029.
Posted inTech
House panel clears bill to subject AI chip exports to weapons-sale review
The House Foreign Affairs Committee advanced the AI OVERWATCH Act 42–2–1, a bill that would require congressional review of advanced chip exports to adversaries and ban Nvidia Blackwell sales to China for two years.
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Nvidia faces Warren’s chip-diversion deadline today as DOJ indictments pile up
June 18 is the deadline Senator Warren set for Nvidia to explain why DOJ indictments allege $670 million in GPU diversions to China that CEO Jensen Huang said never happened.
Posted inTech
Nvidia declines Senate hearing as Warren sets June 18 deadline on chip diversion probe
Senator Elizabeth Warren has set a June 18 deadline for Nvidia to explain its export control compliance after CEO Jensen Huang declined a Senate hearing invitation and DOJ alleged $510 million in diverted AI chips.