The race to develop artificial intelligence has pushed governments and technology giants to build new electricity plants and upgrade their decades-old grid networks, creating significant opportunities for Chinese power equipment companies, according to analysts. Chinese firms have been benefiting from the spillover of a US order boom, which was driven by US President Donald Trump’s…
By Arsheeya Bajwa and Stephen Nellis (Reuters) –Nvidia forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on booming demand for its AI chips from cloud providers against the backdrop of widespread concerns of an artificial-intelligence bubble. The results from the AI chip leader mark a defining moment for Wall Street, as global markets…
The FTSE 100 (^FTSE) and European stocks finished higher for a second day on Tuesday, while Wall Street wavered as anxiety about inflated AI valuations overshadowed signals that the US government shutdown is set to end soon. SoftBank Group (SFTBY) said on Tuesday it had sold its entire stake in chipmaker Nvidia (NVDA) to fund…
The US is currently leading the AI race, with companies like OpenAI, Google, Anthropic, and Meta pouring billions into securing a cutting-edge advantage in the technology. However, while the race is fierce, it’s not just the top talent or funding that’s required and this is exactly what OpenAI has raised the alarm about. In a…
The two companies intend to leverage their respective hardware and software expertise to promote “a new indigenous AI development paradigm”, according to a WeChat post by SenseTime, in response to the “AI Plus” strategy unveiled in August by the State Council, China’s cabinet. Beijing has made self-reliance across China’s AI stack – from integrated circuits…
Amazon founder Jeff Bezos predicted on Friday gigawatt-scale data centres will be built in space within the next 10 to 20 years. | Photo Credit: Reuters Amazon founder Jeff Bezos predicted on Friday gigawatt-scale data centres will be built in space within the next 10 to 20 years and that continuously available solar energy meant…
Alibaba Group Holding plans to increase its capital expenditures on artificial intelligence infrastructure from the original 380 billion yuan (US$53 billion) over the next three years, the group’s CEO said on Wednesday. Eddie Wu Yongming, also the chairman of Alibaba Cloud, said at the Apsara Conference in Hangzhou, in China’s eastern Zhejiang province, that Alibaba’s…
Nvidia (NVDA) stock jumped roughly 4% on Monday as the chipmaker announced it will invest up to $100 billion in OpenAI as part of a new partnership. Nvidia said in its announcement that the partnership will allow OpenAI to deploy “at least 10 gigawatts” of compute capacity from the chipmaker’s AI systems to train and…
US President Donald Trump has urged American technology giants to halt overseas hiring practices, including those in India and China, and instead focus on creating jobs at home, reported India Today. The publication added that the remarks were made during a high-profile Artificial Intelligence (AI) Summit held in Washington on Wednesday, where Trump took aim…
That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials, oil and gas research at BofA Global Research, said in an interview on Monday. Government investment is expected to account…