Wall Street’s $11 billion bet on AI firms fuelled by NVIDIA chips sparks global ambitions

Wall Street’s  billion bet on AI firms fuelled by NVIDIA chips sparks global ambitions

Wall Street’s financial titans have invested more than $11 billion into a niche group of AI-focused tech companies. These “neo-cloud” firms are leveraging NVIDIA’s powerful GPU technology to dominate the AI market, creating a lucrative… Article Source https://www.businesstoday.in/technology/news/story/wall-streets-11-billion-bet-on-ai-firms-fuelled-by-nvidia-chips-sparks-global-ambitions-452592-2024-11-05

OpenAI to build its first AI chip with Broadcom and TSMC, scaling back its foundry ambitions

OpenAI to build its first AI chip with Broadcom and TSMC, scaling back its foundry ambitions

AI-Assisted TLDR: OpenAI is collaborating with Broadcom and TSMC to develop its first in-house chip for AI systems, shifting from plans to build its own chip fabrication plants due to cost and time constraints. The company is adopting a strategy… Article Source https://www.tweaktown.com/news/101396/openai-to-build-its-first-ai-chip-with-broadcom-and-tsmc-scaling-back-foundry-ambitions/index.html

Google’s AR (and Gemini) ambitions should really start with Ray-Ban competitors

Google’s AR (and Gemini) ambitions should really start with Ray-Ban competitors

According to the latest rumors, Google is not making consumer XR hardware, including headsets or glasses, and instead opting for an OEM model where it just develops the Android OS and services, presumably partnering with Samsung. That… Article Source https://9to5google.com/2024/10/27/googles-ar-gemini-glasses/

Oracle’s Strategic Support for AI Ambitions in the UAE and GCC Region | The Fintech Times

Oracle’s Strategic Support for AI Ambitions in the UAE and GCC Region | The Fintech Times

As artificial intelligence continues to redefine industries, few regions are embracing its potential as rapidly as the UAE and the Gulf Cooperation Council (GCC). Known for their ambitious digital transformation goals, these nations are at the… Article Source https://thefintechtimes.com/oracles-strategic-support-for-ai-ambitions-in-the-uae-and-gcc-region/

Cisco’s ‘savvy’ CoreWeave deal will supercharge its AI ambitions

Cisco’s ‘savvy’ CoreWeave deal will supercharge its AI ambitions

Cisco’s investment in CoreWeave could mark a major step in the tech giant’s aggressive AI push, analysts have told ITPro. Reports emerged last week that Cisco plans to invest in CoreWeave in a deal that will see the GPU firm valued at $23… Article Source https://www.itpro.com/business/business-strategy/ciscos-savvy-coreweave-deal-will-supercharge-its-ai-ambitions

Intel’s AI Ambitions Lead to Nightmares: 3 Factors That Could Cause INTC Stock to Plummet Further

Intel’s AI Ambitions Lead to Nightmares: 3 Factors That Could Cause INTC Stock to Plummet Further

Intel’s stock has seen a significant decline in 2024 after experiencing a surge in value the previous year. Investors initially flocked to Intel in 2023 due to its low valuation and potential to compete with Nvidia. However, three key reasons suggest that Intel’s stock may continue to suffer losses. Firstly, Nvidia’s dominance in the market … Read more