Spain takes a bold step in AI innovation, investing €67M in Multiverse Computing to acquire a stake in the company's groundbreaking AI compression technology that shrinks models by 90% while preserving performance, paving the way for cost-effective and sustainable AI adoption across industries.
Arrests in Singapore over potential unauthorized exports of Nvidia's AI chips to China have raised alarms, as analysts warn a comprehensive ban could cost the company billions in lost revenue this fiscal year, highlighting geopolitical tensions surrounding advanced technology.
Microsoft urges the US government to ease semiconductor export restrictions, warning that the curbs could backfire by driving allies to seek chips from China, potentially boosting China's AI capabilities and self-reliance in a strategic misstep that undermines America's lead in the global AI race.
Intel's highly anticipated $20 billion semiconductor manufacturing plant in Ohio faces a significant setback, with the company announcing a delay in the facility's launch and production start until 2030 or 2031, citing the need to align with market demand and business requirements.
Nvidia's CEO Jensen Huang revealed that the company's revenue in China was slashed in half due to export controls, shedding light on the significant impact of trade restrictions on the tech giant's business operations in the Chinese market.
NVIDIA shattered records with a staggering $39.3 billion quarterly revenue, up 78% year-over-year, propelled by the AI boom that fueled a $35.6 billion Data Center revenue, while projecting $43 billion revenue for Q1 fiscal 2026 amidst soaring demand for its AI offerings.
Humane, the startup behind the AI Pin device, is shutting down the product and selling its core technology, including CosmOS software and patents, to HP for $116 million, with HP forming a new AI division called HP IQ while offering limited refunds for recent AI Pin purchases.