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Key Facts

Founded1993

Key PeopleJensen Huang

HeadquartersSanta Clara, USA

ProductsH100, B200, CUDA

Top News

SoftBank scrambles to deliver $22.5 billion to OpenAI as year-end deadline looms

SoftBank faces a year-end deadline to secure $22.5 billion for OpenAI after the AI startup completed its for-profit transition. CEO Masayoshi Son has already liquidated SoftBank's entire $5.8 billion Nvidia stake and sold $4.8 billion in T-Mobile shares while considering margin loans against Arm Holdings. The funding crunch highlights the financial strain even major investors face in backing ambitious AI infrastructure projects.

Business6 sources

SoftBank scrambles to deliver $22.5 billion to OpenAI as year-end deadline looms

Business6 sources

US Department of Energy enlists 24 tech giants for Genesis Mission to accelerate AI research

The US Department of Energy has signed agreements with 24 major tech companies including OpenAI, Google DeepMind, Nvidia, Microsoft, and Anthropic for the Genesis Mission. This national AI initiative aims to create an integrated platform that combines federal scientific data, national laboratory supercomputers, and private cloud capacity to accelerate scientific discovery across energy, security, and research domains.

Technology7 sources

US Department of Energy enlists 24 tech giants for Genesis Mission to accelerate AI research

Technology7 sources

Google and Meta team up to challenge Nvidia dominance in AI chip market with TorchTPU project

Alphabet's Google is joining forces with Meta Platforms to develop TorchTPU, making Google's TPU chips fully compatible with PyTorch. The strategic move aims to reduce the AI industry's reliance on Nvidia, which dominates the market through its CUDA ecosystem. Nvidia shares dropped 2% following the announcement as competition in AI hardware intensifies.

Technology2 sources

Google and Meta team up to challenge Nvidia dominance in AI chip market with TorchTPU project

Technology2 sources

Nvidia plans to slash RTX 50 GPU production by up to 40% as memory shortage bites

Nvidia is reportedly preparing to cut GeForce RTX 50 series production by 30-40% in early 2026, with the RTX 5070 Ti and RTX 5060 Ti hit hardest. The decision stems from a global memory shortage driven by AI data centers consuming high-performance chips, forcing the company to prioritize enterprise products over consumer graphics cards.

Business2 sources

Nvidia plans to slash RTX 50 GPU production by up to 40% as memory shortage bites

Business2 sources

Micron Technology soars as AI boom drives memory chip shortage and record earnings

Micron Technology delivered blockbuster fiscal first-quarter results, crushing Wall Street expectations with $4.78 earnings per share on $13.64 billion revenue. The memory chip maker's stock surged nearly 16% as CEO Sanjay Mehrotra forecasted continued growth through 2026, driven by an acute shortage of high-bandwidth memory chips essential for AI infrastructure. Analysts raised price targets to $300-$500, citing the memory super-cycle.

Business10 sources

Micron Technology soars as AI boom drives memory chip shortage and record earnings

Business10 sources

Mythic Raises $125 Million to Challenge Nvidia with 100x More Efficient AI Chips

Palo Alto-based Mythic has secured $125 million in funding to develop analog processing units that cut AI energy use by up to 100 times compared with GPUs. Led by DCVC with backing from SoftBank, Honda, and Lockheed Martin, the AI chip startup plans to deploy its compute-in-memory technology across data centers, automotive systems, robotics, and defense applications.

Technology3 sources

Mythic Raises $125 Million to Challenge Nvidia with 100x More Efficient AI Chips

Technology3 sources

MetaX soars 700% as Chinese AI chips challenge Nvidia's dominance amid U.S. export restrictions

Chinese chipmaker MetaX Integrated Circuits jumped 700% in its Shanghai market debut, raising $600 million. The surge follows Moore Threads' 400% IPO pop two weeks earlier, as China accelerates efforts to build self-sufficient semiconductor capabilities and reduce reliance on Nvidia amid escalating U.S. tech restrictions.

Business4 sources

MetaX soars 700% as Chinese AI chips challenge Nvidia's dominance amid U.S. export restrictions

Business4 sources

Hut 8 Stock Soars 15% After Landing $7 Billion Google-Backed AI Data Center Deal

Bitcoin miner Hut 8 shares surged after announcing a 15-year, $7 billion lease agreement with Fluidstack to deliver 245 megawatts of AI data center capacity at its River Bend campus in Louisiana. Google is providing a financial backstop covering all lease payments, while J.P. Morgan and Goldman Sachs are handling deal financing. The agreement marks a strategic pivot from cryptocurrency mining to AI infrastructure.

Business10 sources

Hut 8 Stock Soars 15% After Landing $7 Billion Google-Backed AI Data Center Deal

Business10 sources

OpenAI Hires George Osborne to Lead Global Stargate Expansion and Government Partnerships

OpenAI has appointed former UK Chancellor George Osborne to head OpenAI for Countries, an initiative to expand its ambitious $500 billion Stargate project beyond US borders. Osborne joins a growing trend of British politicians moving to major tech giants, following Nick Clegg at Meta and Rishi Sunak at Anthropic and Microsoft. The move raises questions about tech companies acting as quasi-governmental actors while OpenAI faces financial concerns over its expansion plans.

Business12 sources

OpenAI Hires George Osborne to Lead Global Stargate Expansion and Government Partnerships

Business12 sources

Nvidia and SK Hynix develop AI SSD targeting 100 million IOPS to solve inference bottlenecks

Nvidia and SK Hynix are jointly developing an AI SSD called Storage Next, promising 100 million IOPS by 2027—ten times faster than current enterprise drives. The collaboration aims to eliminate data storage bottlenecks that throttle AI inference workloads, as the industry shifts focus from training to inference where storage speed becomes critical.

Technology3 sources

Nvidia and SK Hynix develop AI SSD targeting 100 million IOPS to solve inference bottlenecks

Technology3 sources

Samsung denies ending SATA SSD production as AI-driven demand reshapes memory markets

Samsung has pushed back against reports claiming it plans to phase out consumer SATA SSD production, despite mounting pressure from AI infrastructure. The controversy highlights how artificial intelligence is redirecting NAND flash memory away from consumer hardware, creating supply constraints and driving dramatic price increases across the storage market.

Business2 sources

Samsung denies ending SATA SSD production as AI-driven demand reshapes memory markets

Business2 sources

Nvidia acquires SchedMD to strengthen open-source Slurm and unveils Nemotron 3 AI models

Nvidia acquired SchedMD, the developer behind Slurm workload management system, while launching the Nemotron 3 family of open AI models. The chipmaker pledges to maintain Slurm as vendor-neutral software while accelerating development for high-performance computing and AI. The move signals Nvidia's push to control more of the AI infrastructure stack while positioning itself as an open-source champion.

Technology11 sources

Nvidia acquires SchedMD to strengthen open-source Slurm and unveils Nemotron 3 AI models

Technology11 sources

Nvidia launches Nemotron 3 open source AI models as Meta steps back from transparency

Nvidia released its Nemotron 3 family of models in three sizes—Nano (30B), Super (100B), and Ultra (500B parameters)—with full training data transparency. The move positions the chip giant as a major force in open source AI just as Meta signals a retreat from openness, leaving Chinese models to dominate the space.

Technology16 sources

Nvidia launches Nemotron 3 open source AI models as Meta steps back from transparency

Technology16 sources

Oracle delays OpenAI AI data centers to 2028 as labor shortages test infrastructure ambitions

Oracle has pushed back delivery timelines for several large AI data centers built for OpenAI from 2027 to 2028, citing labor and material shortages. The data center delays sparked investor concerns about the artificial intelligence investment boom, sending Oracle shares down over 5% before the company disputed any contractual setbacks. The setback highlights mounting challenges in the race to build AI infrastructure.

Business14 sources

Oracle delays OpenAI AI data centers to 2028 as labor shortages test infrastructure ambitions

Business14 sources

Taiwan opens Nvidia-powered cloud center to advance sovereign AI and cement role in global tech race

Taiwan President Lai Ching-te inaugurated a new cloud computing center in Tainan equipped with the Nano 4 supercomputer, powered by 1,760 Nvidia H200 chips and 144 Blackwell chips. The 15-megawatt facility marks Taiwan's shift from hardware manufacturing to becoming an AI island, advancing its sovereign AI ambitions. Analysts forecast rising investor confidence in Taiwan's entrenched position within AI supply chains.

Technology2 sources

Taiwan opens Nvidia-powered cloud center to advance sovereign AI and cement role in global tech race

Technology2 sources

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