Tag: Nvidia

Microsoft, Salesforce, and Nvidia swoop in to hire OpenAI employees as walkout threats increase

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OpenAI’s decision to fire CEO Sam Altman may have put the company’s future in jeopardy.  Reportedly, a lion’s share of its employees have threatened to walkout unless the ousting is reversed. Complicating matters further, a number of executives from big tech orgnanizations have offered jobs to employees considering leaving. To my partners at OpenAI: We have seen your petition and appreciate your desire potentially to join Sam Altman at Microsoft’s new AI Research Lab. Know that if needed, you have a role at Microsoft that matches your compensation and advances…

Nvidia (NVDA) Stock Rallies to New ATH amid High Impact News Including Today’s Q3 Earnings Release

Nvidia is expected to report revenue growth in the Q3 2023 earnings result today, thus boosting shareholders’ confidence amid high demand from AI companies. After getting trapped in a correction mode in the past two months, Nvidia Corporation (NASDAQ: NVDA) stock has set a new all-time high of around $504.09 after a 20 percent spike during the last four weeks. The American multinational tech company that has dominated the semiconductor chip industry amid the artificial intelligence (AI) revolution has attracted major investment in the past year to reach $1.22 trillion…

Microsoft and Nvidia stocks reach all-time highs amid OpenAI CEO shuffle

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Microsoft’s stock hit an all-time high of $378.81 on Nov. 20 on the back of a tumultuous weekend for the artificial intelligence (AI) sector involving the ousting of OpenAI CEO and co-founder Sam Altman. Not to be outdone, Nvidia’s stock also reached an all-time high of $499.60, continuing a trend that’s seen its shares rise from a one-year low of $138.84. Both stocks have skyrocketed over the past few years, with end-over-end growth due to an explosion in the AI field spurred by the onset of deep learning and generative…

Jihan Wu’s Bitcoin mining firm Bitdeer partners with NVIDIA

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Blockchain company Bitdeer has become a cloud service provider in the NVIDIA partner network. Bitcoin cloud mining services company Bitdeer Technologies Group has entered into a partnership agreement with NVIDIA to double down on supercomputing resources. In a press release on Nov. 9, Bitdeer said it had become a cloud service provider (CSP) in the NVIDIA partner network. It allows the Singapore-based company to launch a cloud service in Asia powered by NVIDIA DGX SuperPOD, an artificial intelligence data center infrastructure with DGX H100 systems. NVIDIA’s Senior Director of the…

Nonprofit Organization Purchases 24,000 Nvidia AI Chips for $500 Million

The deployment of the 24,000 chips should be completed by February 2024. Voltage Park, a nonprofit organization founded by billionaire Jed McCaleb, has acquired approximately 24,000 Nvidia H100 chips for approximately $500 million. According to The Business Time, the organization plans to lease AI computing power at a low cost to address the shortage of these chips. Eric Park, CEO of Voltage, stated: “The current ecosystem for machine learning is fundamentally flawed.” Therefore, the organization aims to install the new chips in its facilities in Texas, Virginia, and Washington. The…

Foxconn Joins Hands with Nvidia to Build AI Factories

The two chipmaking giants will work on building AI factories for electric vehicles where Nvidia plans to use its own chips and software for the development. Two chip-making giants – Foxconn and Nvidia Corp (NASDAQ: NVDA) – have finally come together to build “AI factories” and data centers for a range of applications including self-driving cars. The announcement came earlier today Wednesday, October 18. Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang announced at Foxconn’s annual tech showcase in Taipei that their companies will collaborate to construct “AI factories”.…

French police raid Nvidia offices amid antitrust investigation: Report

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Nvidia, one of the global leaders in artificial intelligence (AI) chip production headquartered in California, reportedly faced a police raid in its French offices this week. The action came as a part of a general inquiry of French antitrust authorities into the cloud computing sector.  The Wall Street Journal reported the raid on Sept. 28, although neither Nvidia nor the French enforcement agencies have officially commented on what happened. A press release on the webpage of the French antitrust agency, Autorité de la Concurrence, refers to an unannounced inspection in the graphics cards…

Nvidia AI partner Databricks raises $500M to achieve $43B valuation

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Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500 million from primary investor accounts led by T. Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia. The latest investment round was achieved at a valuation of $43 billion dollars and a share price of $73.50, according to Databricks. In 2021, the company raised $1.6 billion in Series H funding at a valuation of $38 billion. Databricks’ financial partnership with Nvidia indicates an increased…