Hon Hai Precision Industry Co. reported a 35% increase in net income to NT$60 billion ($1.9 billion) for the quarter ended in June, beating the average analyst estimate of NT$58.4 billion, signaling r…
IBM Corp. will provide infrastructure to Together AI Inc. as part of a $240 million deal announced today, deploying a large cluster of HGX B300 systems on IBM Cloud in the first half of 2027. The plat…
River AI Inc., a startup that helps enterprises customize open-source AI models, has raised $1.1 billion in Series A funding led by General Catalyst and AMP PBC, with participation from Nvidia Corp., …
Nvidia Corp. CEO Jensen Huang announced that six major investment firms, including BlackRock Inc. and Goldman Sachs Group Inc., are lining up more than $500 billion to help fund the AI build-out, a mo…
Nvidia Corp. unveiled Nemotron 3.5 Lightning, an open generative AI model designed for agentic workflows, alongside an open source model library to help organizations select models for each step in an…
Nvidia Corp. released Nemotron 3.5 Lightning, a 30 billion-parameter mixture-of-experts model that delivers up to four times the output speed and 30% faster agentic task completion, alongside NeMo Swi…
Nvidia Corp. is highlighted as an 'investible asset' in CNBC's Morning Squawk, which also reports a shrinking U.S. oil reserve and an executive order by President Donald Trump on vaccines. The briefin…
Nvidia Corp. has partnered with Apollo Global Management Inc., BlackRock Inc., Blackstone Inc., Brookfield Corp., Goldman Sachs Group, and KKR & Co. Inc. to invest $500 billion in global AI infrastruc…
Nvidia Corp. is betting $500 billion that Wall Street will finance AI compute as a new asset class, a move that hinges on cash flow, useful life, and residual value of AI infrastructure. The company a…
Nvidia Corp. has partnered with Wall Street asset managers, including BlackRock Inc., on a $500 billion initiative to finance artificial intelligence infrastructure, underscoring the growing role of p…
Lambda Inc., an AI cloud-computing provider backed by Nvidia Corp., is selling a $917 million leveraged loan to finance the purchase and installation of GPUs and other infrastructure under a contract …
Microsoft Corp. plans to significantly increase production of its next-generation AI chips, the Information reported, citing people familiar with the situation. The company is in discussions with Taiw…
Zayo Group Holdings Inc. is partnering with Nvidia Corp. to build dedicated 'AI corridors' across the U.S., adding six new long-haul fiber routes and overbuilding existing networks in 10 high-demand m…
Advanced Micro Devices Inc. agreed to acquire Taalas Inc., a Toronto startup that hardwires AI models into silicon, in a deal that pushes the chipmaker deeper into AI inference. Taalas's first test ch…
Alphabet Inc., the parent company of Google, surpassed Apple Inc. to become the world's second-largest public company by market capitalization, closing at $3.88 trillion on January 7, 2025, compared t…
The White House met with Anthropic PBC, OpenAI PBC, Google LLC, Meta Platforms Inc., and Nvidia Corp. to discuss a voluntary safety framework requiring companies to give the government access to front…
The Open Secure AI Alliance, whose membership has grown to more than 120 organizations, proposed the Shared AI Findings Exchange (SAFE) guidelines for reporting cybersecurity incidents involving AI ag…
IBM Corp.'s Red Hat subsidiary announced the formation of asago, an open-source community project to automate AI governance by turning policies into operational controls. The project, backed by Micros…
Anthropic PBC has signed a $10 billion, six-year deal for computing capacity from Nvidia Corp.-backed cloud startup Volta Infra Holdings Ltd., which will deliver the capacity in partnership with Bitde…
Volta Infra Holdings Ltd., a new AI cloud company founded by former Brookfield Asset Management executives Ricard Boada and Sofia Gumuzio, has raised $300 million in venture funding at a $2.4 billion …