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Foxconn now makes more money from AI servers than from everything else combined

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Foxconn crossed a line this quarter that it will not cross back. Its cloud and networking division, the one that builds AI servers, made up 51% of revenue in the three months to June. That is the first time the segment has passed half. Smart consumer electronics, the division that contains the iPhone, came to […]

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Nvidia calms its own credit market after Jensen Huang clarifies the $500bn financing plan

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The chipmaker’s credit-default swaps had spiked to a record on fears of circular financing. They eased once Jensen Huang recast the plan as other people’s money, with Nvidia’s own exposure capped. After weeks in which the cost of insuring its debt climbed to a record on worries about so-called circular financing, that cost eased once […]

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IBM bets $240m on cheap, open-source inference to take on the hyperscalers

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A multi-year deal with the startup Together AI will put Nvidia Blackwell systems on IBM Cloud, and the wager is that enterprises now care more about the cost of running AI than the prestige of the model doing the running. IBM has decided that the money in artificial intelligence is no longer only in building […]

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River AI raised $1.1bn to let companies train and keep their own models

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River AI has raised $1.1bn, roughly four months after the company was incorporated. General Catalyst and AMP PBC led the round, with strategic investment from NVIDIA and AMD Ventures, and further money from Y Combinator and Temasek. The Palo Alto company was founded by Igor Babuschkin, a co-founder of xAI. The pitch is that companies […]

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Six finance giants back Nvidia’s $500bn plan to fund the AI buildout

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Nvidia has recruited six of the largest names in finance to help turn its chips into something a bank can lend against. The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to build what it calls “compute financing platforms”, structures designed to mobilise over $500bn of third-party capital for AI infrastructure. […]

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Nvidia is pulling Wall Street into the AI buildout. Its shares fell on the news

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A group of financial firms is working with Nvidia on a $500bn funding package for AI infrastructure. The group covers Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR. The Financial Times reported the talks first. Bloomberg confirmed them with people familiar with the matter. A deal could land […]

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Armenia just opened the region’s biggest AI factory. It exists because Washington signed a licence.

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Firebird, a US-based AI cloud company, opened what NVIDIA calls the CIS region’s largest AI factory in Hrazdan, Armenia on Saturday. Armenian Prime Minister Nikol Pashinyan attended, alongside Kazakhstan’s deputy prime minister Zhaslan Madiyev and David Allen, the US chargé d’affaires in Armenia. That guest list is the story. A US company opened a facility in a […]

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GPU prices are approaching 2.5x their launch cost. Asus and Gigabyte just made it official with a second 2026 price hike.

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Asus and Gigabyte have raised prices across their entire Nvidia RTX 50-series and AMD Radeon RX 9000 GPU lineups, the second round of increases this year. The biggest hit lands on the RTX 5090D V2, which received channel price increases of $592 from Gigabyte and $666 from Asus. The RTX 5080 rose $207-$222, the RTX […]

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GPU prices are approaching 2.5x their launch cost. Asus and Gigabyte just made it official with a second 2026 price hike. Read More »

Nvidia opens up Alpamayo 2, a driving model that reasons out loud

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Nvidia wants self-driving cars to explain themselves. The company has released Alpamayo 2 Super, an open AI model for robotaxis that does not just plan a route but reasons about why, and it is now available for commercial use. The model is Nvidia’s pitch for a more interpretable kind of autonomy. Rather than a black […]

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