OpenAI secures a staggering $40 billion funding at $300 billion valuation led by SoftBank, Microsoft, Coatue, Altimeter, and Thrive, with $18 billion earmarked for Stargate AI data center infrastructure across the U.S.
CoreWeave, an AI computing solutions provider, adjusted its IPO pricing amid market volatility, raising $1.5 billion at a $19 billion valuation by pricing shares at $40, below the expected $47-$55 range, to align with buyer interest amidst macroeconomic challenges.
Nvidia's substantial $250 million order for CoreWeave's AI chip-powered computing services is expected to bolster the latter's $40 per share IPO bid, signaling a potential revival for the sluggish IPO market.
Extropic's pioneering thermodynamic chips leverage energy fluctuations for ultra-efficient probabilistic computing, promising a 3-4 order magnitude boost in efficiency over current hardware and a potential revolution in energy-efficient AI and simulations.
Ant Group strategically combines Chinese and U.S. semiconductors for cost-effective AI development, enhancing its healthcare solutions by leveraging a 'mixture of experts' technique, with upgraded AI models being adopted by major Chinese hospitals.
Nine EU nations are accelerating efforts to bolster Europe's semiconductor industry, aiming to unveil proposals by summer for a new funding program that addresses gaps in chip packaging and production, while boosting demand to attract company investments.
Nvidia unveiled formidable new AI chips and personal 'supercomputers' at GTC 2025, projecting confidence amid headwinds like tariffs and competition, while exploring quantum computing and positioning its hardware for AI inference demand despite concerns about efficient models.
Nvidia CEO Jensen Huang reveals AI inference now demands 100 times more computing power than previously estimated due to advanced reasoning capabilities, while unveiling an ambitious roadmap through 2027 featuring ultra-powerful processors including the 100 PFLOPS Rubin Ultra system.
Nvidia's GTC 2023 promises groundbreaking revelations, with anticipated unveilings of next-gen AI chips Blackwell Ultra and Rubin for data centers, coupled with insights into the future of quantum computing integrated with GPUs, showcasing Nvidia's cutting-edge innovations in AI and high-performance computing.
Huawei obtains millions of AI chips from TSMC through shell companies, circumventing U.S. sanctions, with 75% of Ascend 910C chips surviving advanced packaging despite defects.