Business & Finance
CoreWeave said Thursday it plans to raise $3 billion through a convertible debt offering, with initial buyers eligible to purchase up to an additional $500 million, as the Nvidia-backed neocloud seeks to fund its AI infrastructure expansion.
Sara Montes de Oca · 2 DAYS AGO
Artificial Intelligence
Snap is partnering with Nvidia, Amazon Web Services, and Salesforce to push its $2,195 Specs augmented reality glasses into the enterprise market, while also launching a new consumer AI assistant called Specs Intelligence.
Sara Montes de Oca · 3 DAYS AGO
Artificial Intelligence
Marvell Technology CEO Matt Murphy attributes the chipmaker's 241% stock surge over the past year to trust-based relationships with hyperscalers, broad customer diversification, and recent partnership wins with Nvidia and Google.
Sara Montes de Oca · 11 DAYS AGO
Artificial Intelligence
Qualcomm has issued Amazon warrants to acquire 25 million shares at $161.26 each — a roughly $4 billion stake — as part of a deal to build customized AI inference chips for AWS, marking a significant step in the chipmaker's push into data center markets dominated by Nvidia.
Marc Sabatini · 11 DAYS AGO
Business & Finance
Nvidia's equity investments soared to $99 billion as of July 26, up from roughly $7 billion a year earlier, as the chip giant committed more than $40 billion in 2026 alone across AI labs, cloud providers, and emerging hardware companies.
Sara Montes de Oca · 15 DAYS AGO
Artificial Intelligence
Nvidia has invested $3.5 billion in convertible bonds issued by MediaTek, sending shares of the Taiwanese chip company 10% higher and cementing a partnership centered on custom AI chips, data centers, and Nvidia's NVLink Fusion platform.
Sara Montes de Oca · 18 DAYS AGO