Major financial corporations, including BlackRock and Blackstone, have extended over $11 billion in loans to tech companies providing cloud computing power for AI development. These companies have significant reserves of Nvidia chips and are using loans to expand their stock.
Advanced Micro Devices (AMD), one of the main competitors of NVIDIA, debuted its new AI chip, the Instinct MI325X. During the Advancing AI 2024 event, the company announced that the chip will be in production in the second half of 2025.
Nvidia CEO Jensen Huang highlights AI's role in combating AI-generated misinformation ahead of the 2024 U.S. elections. He stresses that only AI can handle the scale of false data production and suggests the U.S. should build an AI supercomputer to lead innovation in this field.
Chipmaker AMD plans to acquire ZT Systems, a provider of advanced computing systems, for $4.9 billion to bolster its position in the AI chip market. The primary goal is to challenge the industry leader, Nvidia.
France's antitrust authority is preparing to bring charges against Nvidia for alleged anticompetitive behavior. If these charges are filed, it would be the first major antitrust challenge for the chip developer, potentially resulting in a substantial fine.
There's a price war in the Chinese semiconductor market, with Nvidia taking on Huawei.
Qualcomm, Google, Intel, and several other tech giants have established the UXL Foundation coalition to challenge Nvidia's AI market monopoly, which has propelled the company to a $2.2 trillion valuation.
American startup Figure, specializing in robotics, has garnered $675 million in investments from technological giants including Microsoft, OpenAI, Amazon, and Nvidia. This influx of capital has propelled the 80-person company to a valuation of $2.6 billion. Figure's initial plan was to develop a humanoid robot within its first year of operation.
Nvidia CEO Jensen Huang has reiterated calls for countries and corporations to build local AI data processing centers. According to him, this strategy would safeguard technological advances from potential external interference and various significant limitations.
The U.S. government is considering imposing limits or even a full ban on the sale of Nvidia, AMD, and other U.S.-produced AI chips to certain regions, particularly the Gulf states (United Arab Emirates, Saudi Arabia, Qatar, among others).
The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have officially backed a group of investors in a class action lawsuit against Nvidia.
Nvidia CEO Jensen Huang announced that the company will now release new AI chip versions annually. This shift in strategy follows reports that the next-generation Blackwell chips have been delayed until late 2024 due to design shortcomings.
According to The Information, Nvidia has postponed the release of its next AI chip, the Blackwell B200, by several months due to a design flaw. The company has already informed key buyers, including Microsoft and other cloud providers, about the delay.
With the new Blackwell B200 GPU chip, artificial intelligence will be able to train 2.5 times faster and improve response generation by a factor of five compared to its predecessor, the H100.
Meta is gearing up to roll out its new AI chip, Artemis, in its data centers this year, according to a Reuters report. This development could significantly diminish Meta's dependence on Nvidia processors.
Nvidia is now taking pre-orders from Chinese distributors for its latest artificial intelligence chip, crafted to adhere to the stringent U.S. sanctions. The new H20 graphics card is priced between $12,000 and $15,000, yet the retail cost in China begins at $15,300.
