NVIDIA reports record revenue, dismisses AI bubble fears

NVIDIA reports record revenue, dismisses AI bubble fears

Jensen Huang, NVIDIA CEO and co-founder. NVIDIA has entered several key partnerships and shrugged off concerns of an artificial intelligence (AI) bubble as it reports record revenue up 62% from a year ago in its third quarter to end-October. Nasdaq-listed NVIDIA overnight reported revenue of $57 billion (R980 billion) for the period, exceeding analysts’ expectations…

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Nvidia solidifies AI dominance with major South Korea infrastructure deals

Nvidia solidifies AI dominance with major South Korea infrastructure deals

Nvidia is dramatically expanding its presence in South Korea, securing massive deals with the country’s largest companies and the government itself to build out national AI infrastructure. These partnerships underscore the pivotal role Nvidia ‘s hardware plays in global AI ambition. Read: Nvidia becomes first $5-trillion company amid AI boom The collaborations involve the deployment…

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Nvidia becomes first -trillion company amid AI boom

Nvidia becomes first $5-trillion company amid AI boom

Nvidia made history on Wednesday by becoming the first company to reach a market capitalization of US$5-trillion, cementing its position as the undisputed backbone of the global artificial intelligence industry. This stunning rally underscores the company’s swift transformation from a niche designer of graphics chips into a dominant tech giant, and it solidifies CEO Jensen…

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AI and Data Leaders NVIDIA, AMD, Snowflake, and Databricks Invest in Uniphore’s Series F to Accelerate Its Leadership in Business AI

AI and Data Leaders NVIDIA, AMD, Snowflake, and Databricks Invest in Uniphore’s Series F to Accelerate Its Leadership in Business AI

Uniphore, the Business AI company, today announced the close of its $260 million Series F round. NVIDIA, AMD, Snowflake, and Databricks invested in the round and were joined by financial and sovereign investors including NEA, March Capital, BNF Capital, National Grid Partners, and Prosperity7 Ventures. The new capital will accelerate innovation on its AI and…

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South Africa’s first AI factory now live, powered by Altron and Nvidia

South Africa’s first AI factory now live, powered by Altron and Nvidia

Altron’s Bongani Andy Mabaso Altron announced today the successful deployment of South Africa’s first operational artificial intelligence factory, powered by Nvidia AI infrastructure, including Nvidia-accelerated computing and Nvidia AI enterprise software. This platform delivers comprehensive AI infrastructure, tools, training and support while maintaining data sovereignty and regulatory compliance. The platform is currently live with five…

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Singapore, U.S. investigate Nvidia client Megaspeed

Singapore, U.S. investigate Nvidia client Megaspeed

Singapore authorities are investigating artificial intelligence computing firm Megaspeed, a customer of American AI chipmaker Nvidia, for allegedly helping Chinese companies evade curbs on U.S. chip exports. “The Singapore Police Force confirms that investigations are ongoing into Megaspeed for suspected breaches of our domestic laws,” the police told CNBC in an email. The probe comes…

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Nvidia to pump 0 billion into OpenAI

Nvidia to pump $100 billion into OpenAI

OpenAI president Greg Brockman, Nvidia founder and CEO Jensen Huang, and OpenAI CEO Sam Altman. Nvidia is set to invest $100 billion (about R1.85 trillion) in OpenAI, as part of a strategic partnership to build one of the largest artificial intelligence (AI) infrastructure deployments in history. “This is the biggest AI infrastructure project in history….

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