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The deployment of the 24,000 chips should be completed by February 2024. Voltage Park, a nonprofit organization founded by billionaire Jed McCaleb, has acquired approximately 24,000 Nvidia H100 chips for approximately $500 million. According to The Business Time, the organization plans to lease AI computing power at a low cost to
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The United States Department of Commerce’s Bureau of Industry and Security (BIS) released a notice on Oct. 17 expanding the already existing export controls of artificial intelligence (AI) chips to China. The BIS wrote that the newly released rules “reinforce” those put in place back in October 2022, with the goal
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On Friday, Oct. 6, two senior Republican members of the United States House of Representatives urged the Biden administration to strengthen the enforcement of export controls on advanced semiconductors to China.In a letter addressed to National Security Adviser Jake Sullivan, Representative Michael McCaul, chairman of the House Foreign Affairs Committee, and Representative
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There is a growing interest in generative AI space, which has inadvertently resulted in increased demand for Graphical Processing Units (GPUs). OpenAI, the company widely known for its artificial intelligence (AI) chatbot ChatGPT, is reportedly interested in manufacturing custom AI chips. According to a Reuters report, which cited inside sources, OpenAI
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OpenAI, the company behind artificial intelligence chatbot ChatGPT, is reportedly exploring the possibility of manufacturing processing chips in-house amid a global shortage of the expensive and difficult to produce hardware.An Oct. 5 Reuters report citing people familiar with the matter said OpenAI has even evaluated an unnamed company as a
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The European Commission is conducting risk assessments and considering export controls on “critical technology areas,” including artificial intelligence (AI) and semiconductor technologies, according to a press release from the ommission. On Oct. 3, European Union officials said they identified four areas that need assessment regarding technology risk and risk of technology leakage:
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Qualcomm is expected to supply Apple with Snapdragon 5G Modem-RF Systems for smartphone launches in 2024 through 2026. Apple Inc (NASDAQ: AAPL) will rely on an external supply of modern chips to manufacture modern smartphones that support the 5G network amid delays in in-house production. According to an announcement by Qualcomm
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British Prime Minister Rishi Sunak is set to spend $130 million (100 million pounds) to buy thousands of computer chips to power artificial intelligence, amid a global shortage and race for computing power.The Telegraph reported on Aug. 20 that the United Kingdom aims to build an "AI Research Resource" by
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With the introduction of its AI networking chips, Cisco aims to challenge the dominance of Broadcom and Marvell by offering a unique blend of intelligence and versatility. Renowned American networking giant Cisco Systems Inc (NASDAQ: CSCO) has recently unveiled its latest breakthrough – a new line of AI networking chips. These
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Sam Altman, ChatGPT-maker and CEO of OpenAI, who met with South Korean President Yoon Suk Yeol on June 9, urged South Korea to play a leading role in making the chips needed for artificial intelligence (AI) technology while expressing interest to invest in Korean startups and collaborate with bigger chipmakers
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