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Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing. Original Source
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Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500 million from primary investor accounts led by T. Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia.The latest investment round was achieved at a
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Arm’s processors are already playing a significant role in AI workloads, particularly in smartphones. As investors eagerly await the Initial Public Offering (IPO) from Arm Holdings Ltd, the semiconductor industry is basking in the glow of the Artificial Intelligence (AI) boom, exemplified by Nvidia Corp (NASDAQ: NVDA) which has printed a
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Nvidia will provide Jio with extensive AI supercomputer solutions while Reliance’s Jio Platforms will oversee the AI cloud infrastructure’s management. In a major development on Friday, September 8, Reliance Industries’s Jio Platforms joined hands with GPU giant Nvidia to build large language models on AI. In the announcement, the company
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The recent funding infusion will support Imbue in advancing and fine-tuning its reasoning-centric AI technology. On Thursday, September 7, AI Lab Imbue announced that they have successfully raised $200 million in Series B funding, at a massive valuation of $1 billion. The San Francisco-based startup specializes in training foundation models optimized
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With Samsung winning the position of a competitor against SK Hynix, Nvidia will have more options when it comes to chip supply and stop relying on SK Hynix as a sole provider. South Korean multinational electronics giant Samsung Electronics Co has reportedly won the right to supply advanced memory HBM3 chips to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Iris Energy invests $10 million in 248 Nvidia H100 GPUs to expand into generative AI alongside its existing focus on Bitcoin (BTC) mining. The company expects the 248 GPUs to be delivered in the coming months and
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Nasdaq-listed Iris Energy has bought 248 state-of-the-art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative artificial intelligence (AI) in addition to its core business focus on Bitcoin (BTC) mining.The firm expects to receive delivery of the 248 GPUs in the coming months and plans
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Crypto tokens with Artificial Intelligence (AI) applications have outperformed other assets as chipmaker Nvidia reached an all-time high. The legacy company’s stock
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Shares of computer chip manufacturer Nvidia soared nearly 10% in after-hours trading as surging demand for AI chips saw the firm post Q2 earnings that significantly beat Wall Street estimates.In its Q2 earnings report, the company posted a whopping $13.5 billion in revenue for the quarter — an 88% increase
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