Nvidia shares fell on Monday, costing the chipmaker its position as the world’s most valuable company, trading positions with Apple. Monday’s nearly 5% drop in Nvidia shares extends a volatile streak for the company and chipmakers generally. The stock is down about 3% in a week, and its recent troubles have caused it to lag
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Several AI companies, including Hugging Face, Meta, Microsoft, Mistral and Nvidia, have signed an open letter urging policymakers not to impose broad “premature restrictions” on open-weight AI models. The letter comes as Washington debates how the United States should respond to accusations that Chinese AI labs are stealing intellectual property from their American counterparts and
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In his first post on “AI will transform every industry, power every company, and be built by every country,” Huang wrote in X. “Open models strengthen security and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.” On Friday, Nvidia, Microsoft, Meta, Mistral and others signed an open letter urging US policymakers not to crack down
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AI infrastructure company Infinity on Monday announced a $15 million raise at a $100 million valuation from investors including Touring Capital, Principal VC, and researchers at companies like OpenAI and Anthropic. The startup is creating software to make it easier for AI chips to run AI models. A big reason why Nvidia became the top
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Alphabet, Google’s parent company, is designing a new server chip to help its internal Gemini models run more efficiently. The new chip, internally called “Frozen v2,” is scheduled to launch sometime in 2028, The Information reported, citing anonymous sources. According to the report, the chip could be six to 10 times more efficient than Google’s
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Nvidia boss Jensen Huang spent two days (July 15-16) in Tokyo courting Japan’s industrial and chip supplier elite, weeks after a keynote speech in Taiwan and months after a visit to South Korea. It left with deals that span Japan’s entire tech ecosystem: a national AI factory, partnerships with the country’s leading robotics companies, and
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