Nvidia invests $2 billion in CoreWeave to boost data center build-out
Jan 26 (Reuters) - Nvidia has invested $2 billion in CoreWeave becoming the AI infrastructure provider's second-largest shareholder, as the companies expand their partnership to boost data center capacity in the United States. The announcement on Monday sent CoreWeave's shares up 9% in premarket trading. So-called neocloud companies like CoreWeave, which provide tech companies with the hardware and cloud capacity needed to build, run and deploy AI technologies, have seen a surge in demand in recent years as enterprise adoption of AI picks up.Once a cryptocurrency miner, CoreWeave has pivoted to capitalize on the AI boom by repurposing its infrastructure to lease Nvidia GPUs to tech and AI firms.
Nvidia invests $2 billion in CoreWeave to boost data center build-out
Nvidia has invested $2 billion in CoreWeave , becoming the AI infrastructure provider's second-largest shareholder, as the companies expand their partnership to boost data center capacity in the United States.
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Nvidia CEO Jensen Huang in Shanghai amid China regulatory headwinds
BEIJING, Jan 24 (Reuters) - Nvidia CEO Jensen Huang is in Shanghai, a person briefed on the matter said on Saturday, as the U.S. chip giant faces fierce competition from local rivals and scrutiny from Chinese authorities. The timing of Huang's trip, to kick off annual celebrations with Nvidia's China employees, is routine. He is expected to attend an Nvidia party in Shanghai on Saturday before travelling to Beijing, Shenzhen and then Taiwan, another person with knowledge of the plans said.
Nvidia CEO Jensen Huang in Shanghai amid China regulatory headwinds
Nvidia CEO Jensen Huang is in Shanghai, a person briefed on the matter said on Saturday, as the U.S. chip giant faces fierce competition from local rivals and scrutiny from Chinese authorities.
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Samsung to start production of HBM4 chips next month for Nvidia supply, source says
SEOUL, Jan 26 (Reuters) - Samsung Electronics plans to start production of its next-generation high-bandwidth memory (HBM) chips, or HBM4, next month and supply them to Nvidia a person familiar with the matter told Reuters on Monday. Samsung has been trying to catch up with cross-town rival SK Hynix a primary supplier for advanced memory chips crucial for Nvidia's AI accelerators, after supply delays had hit its earnings and share prices earlier last year.
Samsung to start production of HBM4 chips next month for Nvidia supply, source says
Samsung Electronics plans to start production of its next-generation high-bandwidth memory (HBM) chips, or HBM4, next month and supply them to Nvidia , a person familiar with the matter told Reuters on Monday.
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