UK to spend $130M on AI chips amid scramble to buy up computing power
The chips will be used to set up an AI resource as a recent report said 20% of firms can’t get enough computing power for AI. Go to Source
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Nvidia drops new AI chip expected to cut development costs
Nvidia, the current market leader for semiconductor chips, revealed its latest chip designed to run large-scale AI systems and is expected to cut costs of LLMs. Go to Source
AI chip developer gets $100 million from Samsung and Hyundai
The AI chip developing company Tenstorrent just closed a funding round worth $100 million which was led by manufacturing giants Samsung and Hyundai. Go to Source Powered by WPeMatico
U.S. considers tightening restrictions on AI chip exports
Officials in the U.S. are considering restricting the level of computing power on chips to lessen the flow of AI chips available in the Chinese market. Go to Source Powered by WPeMatico
Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips
This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines. Go to Source Powered by WPeMatico
AI demand briefly catapults Nvidia into $1 trillion club
Nvidia share prices have more than tripled since October last year as demand for AI tech surges. Go to Source Powered by WPeMatico
Nvidia introduces AI supercomputer to create ChatGPT successors
The company behind the world’s most powerful chip for developing AI tools revealed more AI-powered products including an AI supercomputer platform. Go to Source Powered by WPeMatico
Nvidia AI chip value skyrockets amid AI development boom
The chip developer released its second-quarter revenue forecast which came in 50% higher than market estimates, followed by a 28% increase in company shares. Go to Source Powered by WPeMatico
Chatgpt More Useful Than Crypto, Nvidia Tech Chief Says
Unlike AI applications such as Chatgpt, cryptocurrencies do not bring “anything useful,” a top executive of U.S. chip maker Nvidia is convinced. The comment comes despite his company making significant sales in the space where its powerful processors are widely used to mint digital coins. Developing Chatbots More Worthwhile Than Crypto Mining, Nvidia Exec Claims … Read more
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, … Read more