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Bloomberg20d agobullish
China’s Moonshot to Release Breakthrough AI Model for Download

(Bloomberg) -- Moonshot AI is poised to make its Kimi K3 model available for public download, expanding its reach and influence in the global open software community at a time of growing US concern about Chinese encroachment into the top echelons of AI development.Most Read from BloombergDeepSeek Suspends Fundraising After Viral US-China PostsSpaceX at $100 Would Imply Zero AI Value, Morgan Stanley SaysUS, Iran Extend Pause in Strikes as Oman Holds Hormuz TalksTrump Seethes as Iran War Spirals A

Nvidia in talks with OpenAI to guarantee $250 billion financing for data center, WSJ reports
Reuters20d agoneutral
Nvidia in talks with OpenAI to guarantee $250 billion financing for data center, WSJ reports

Nvidia is in talks to provide a roughly $250 billion financing ‌for OpenAI as part of a ‌massive data center project, The Wall Street Journal reported ​on Sunday. The guarantees from Nvidia would help the ChatGPT maker lease a 10-gigawatt project that SoftBank's energy subsidiary is developing in southern Ohio, ‌the newspaper said, ⁠citing people familiar with the matter. Nvidia, OpenAI and U.S. Commerce Department did not respond to requests for comment outside ‌regular business hours.

Nvidia just locked down deal that changes AI race
TheStreet20d agoneutral
Nvidia just locked down deal that changes AI race

South Korean President Lee Jae Myung flew to San Francisco on July 24 for a summit with the most powerful names in artificial intelligence. Jensen Huang was there. Sam Altman was there. The heads of Samsung, SK Group, Hyundai Motor and Naver flew in. By the end of the day, roughly $950 billion in ...

Mark Zuckerberg, Microsoft CEO just made major AI decision
TheStreet21d agoneutral
Mark Zuckerberg, Microsoft CEO just made major AI decision

Jensen Huang has been one of the most prominent voices in technology for years, but he had never once posted on X (the former Twitter). On July 24, he did. What he chose to say with his first-ever post on the platform says a lot about the fight now underway over who controls the future of AI. Huang ...

Nvidia stock is doing something it hasn't done in years
TheStreet21d agoneutral
Nvidia stock is doing something it hasn't done in years

Nvidia (NVDA) has spent the last three years as the loudest success story in the stock market. Its climb turned it into a household name well beyond Wall Street trading desks, and its chips have become shorthand for the entire artificial intelligence boom. This year looks different. The gains are ...

Bloomberg21d agoneutral
DeepSeek Said to Tell Backers of Funding Pause After Viral Posts

(Bloomberg) -- DeepSeek has told prospective investors in its second fundraising round that it’s suspending the deal for now, people familiar with the matter said, days after comments widely attributed to founder Liang Wenfeng about US-Chinese AI competition went viral.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeSpaceX at $100 Would Imply Zero AI Value, Morgan Stanley SaysTrump Seethes as Iran War Spirals Anew With No End in SightApple Plans Overhaul of M