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AI Weekly: Oracle shares dive, Nvidia’s China move

AI Weekly: Oracle shares dive, Nvidia’s China move

By Reuters Videos
Publication Date: 2025-12-24 11:35:00

<span>STORY: From market jitters over Oracle to Nvidia’s big China move, this is AI Weekly.</span><span>:: AI Weekly</span><span>Oracle shares fell last week after a key financial partner said it won’t help fund a major AI data center.</span><span>Talks reportedly broke down with Blue Owl Capital over plans to build a $10 billion data center in Michigan.</span><span>The Larry Ellison-owned tech giant signed a huge deal with OpenAI this year.</span><span>Oracle has borrowed heavily to build its AI infrastructure but its rising debt has concerned some investors.</span><span>Nvidia aims to start shipping its second-most powerful AI chips to China by mid-February.</span><span>That’s what three sources told Reuters, who added the firm said it plans to add new production capacity for the semiconductors.</span><span>The Trump administration allowed sales of Nvidia’s H200 chips to China this month.</span><span>Although Beijing has yet to approve any purchases of it.</span><span>SoftBank is reportedly racing to close a $22.5 billion funding commitment to OpenAI by the end of the year.</span><span>Sources said the Japanese investor has explored cash-raising schemes, including a sale of some investments.</span><span>The company has already sold all of its $5.8 billion stake in Nvidia.</span><span>Softbank agreed a deal to invest $300 billion in OpenAI this year in one of the biggest bets yet made by CEO Masayoshi Son.</span><span>UPS-owned company Happy Returns is using AI to spot fakes in holiday boxless returns.</span><span>The firm says nearly one in every 10 retail items returned for a refund in the U.S. is…</span>

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