Elon Musk’s xAI Secures $20 Billion in Funding Round Led by Nvidia
Elon Musk’s artificial intelligence startup, xAI, has raised $20 billion in its latest funding round, with AI hardware powerhouse Nvidia leading the investment.
AMD
OpenAI Inks Landmark Deal with Nvidia Rival AMD for AI Chips
OpenAI and Advanced Micro Devices (AMD) have reached a groundbreaking deal that could see Sam Altman’s company take a 10 percent stake in the chipmaker. The deal comes shortly after OpenAI signed a massive deal with Nvidia, the dominant player in the AI chip arena.
Report: Trump White House Negotiates Deal for Nvidia and AMD to Pay 15% of China Chip Sales to U.S. Government
Chipmakers Nvidia and AMD have reportedly agreed to give the U.S. government 15 percent of the revenues from their chip sales in China, as part of a negotiation to obtain export licenses from the Trump administration.
Trump Approves Sale of High-End Chips to Build Massive AI Facility in UAE
President Donald Trump’s visit to the United Arab Emirates (UAE) included a deal on Thursday that will allow the Emiratis to purchase advanced semiconductors from the United States, paving the way for them to build the largest artificial intelligence (AI) campus outside of America’s borders.
AMD to Manufacture Processor Chips in America for First Time Ever
AMD has announced that its key processor chips will soon be produced at TSMC’s new facility in Arizona, marking the first time AMD’s products will be manufactured in the United States. The news comes on the heels of AI giant Nvidia announcing it will produce AI chips and supercomputers in Arizona and Texas.
