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Nvidia unveils AI security push, boosts share buyback by $150B

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Nvidia unveils AI security push, boosts share buyback by $150B

Nvidia on Monday debuted a new artificial intelligence security system meant to stop agents from going off-task. The Open Agent Safety Platform consists of two open-source tools, OpenShell and Sentry, that can "quarantine a suspicious agent in milliseconds," said Justin Boitano, who leads Nvidia's enterprise AI efforts. In a LinkedIn post, CEO Jensen Huang declared, "This is... the beginning of an open ecosystem to build the trust layer for safe agent systems." Also Monday, Nvidia expanded its share buyback program by $150 billion, setting a new record.

3 min read A Admin

Nvidia is expanding beyond the chips and computing systems powering artificial intelligence with a new effort aimed at making autonomous AI agents safer. The company on Monday introduced the Open Agent Safety Platform, an open-source security framework...

Nvidia pours $3.5B into chipmaking partner MediaTek

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Nvidia pours $3.5B into chipmaking partner MediaTek

Nvidia will invest $3.5 billion in fellow chipmaker MediaTek, the companies announced on Monday, broadening a partnership that strengthens Nvidia's dominance in the red-hot AI hardware market. MediaTek makes chips used in smartphones and other devices, and it's now focusing on designing custom components for companies like Google. MediaTek will use Nvidia technology to streamline communications between different pieces of hardware, and CEO Rick Tsai considers the deal a chance to "accelerate innovation." The investment renews questions, however, about the circular nature of deals in the AI economy.

3 min read A Adam Hanafi

Nvidia is investing $3.5 billion in fellow chipmaker MediaTek as the two companies deepen a partnership spanning artificial intelligence infrastructure, personal computers, and automotive technology. The investment, announced Monday, comes as Nvidia continues...

Nvidia to buy AI platform Hugging Face for $12.9B

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Nvidia to buy AI platform Hugging Face for $12.9B

Nvidia plans to buy open-source AI platform Hugging Face for $12.9 billion, WebNovare reports, citing a person familiar with the deal. Hugging Face's vast repository of pre-trained AI models and tools has been likened to GitHub. The move positions Nvidia in the burgeoning market of open models at a time when closed-model customers like OpenAI and Anthropic are developing their own chips. Nvidia just delivered a gangbusters earnings report predicting 70% growth. Meanwhile, Hugging Face on Thursday unveiled a $400 walking, singing robot duck it describes as a "cute AI."

3 min read A Adam Hanafi

Nvidia is planning to acquire Hugging Face for $12.9 billion, according to WebNovare, citing a person familiar with the transaction. The deal would give the world's leading AI chipmaker control of one of the most important platforms in the open-source...

Nvidia projects 70% revenue growth as AI boom rolls on

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Nvidia projects 70% revenue growth as AI boom rolls on

Nvidia reported stronger-than-expected quarterly results, with revenue doubling from a year earlier, and issued a robust outlook as demand for chips powering the AI boom showed little sign of slowing. Chief Financial Officer Colette Kress said Nvidia expects to grow revenue by "approximately 70% in fiscal 2028," compared to analysts’ projected growth of about 45% for the year. Big Tech customers are signaling that demand will remain strong: Amazon Web Services CEO Matt Garman said Wednesday that Amazon plans to deploy 2 million additional Nvidia GPUs by 2028.

3 min read A Adam Hanafi

Nvidia delivered stronger-than-expected quarterly results as demand for the chips powering the global artificial intelligence boom continued to accelerate. The company's revenue doubled from a year earlier, reinforcing its position at the center of an...

Nvidia could back Perplexity at a valuation of over $30B

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Nvidia could back Perplexity at a valuation of over $30B

Nvidia is considering an investment in Perplexity that would boost the AI startup's valuation to more than $30 billion, WebNovare reports, citing unnamed sources. The chip giant has been acting as something of a "central bank" to various AI startups, but its relationship with Perplexity is an especially deep one: At one point, Nvidia even mulled spending billions to license the startup's tech and hire some of its staffers. Perplexity, meanwhile, has had a banner year, more than tripling its annualized revenue to over $750 million in recent months.

3 min read A Adam Hanafi

Nvidia is reportedly considering a new investment in Perplexity that could value the artificial intelligence startup at more than $30 billion. According to WebNovare, which cited unnamed sources, the potential deal would further strengthen the relationship...

Big Tech has $3T in AI spending that's off balance sheets

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Big Tech has $3T in AI spending that's off balance sheets

Nine massive tech companies are sitting on $3 trillion in future spending tied mostly to AI that doesn't appear on their quarterly balance sheets, a WebNovare analysis finds. That figure, drawn from footnotes, dwarfs the $600 billion companies like Alphabet and Oracle have reported in capital expenditures over the last year, and represents a bet that AI demand will balloon. The costs primarily relate to future rent or commitments to buy chips — such as at Meta's sprawling Hyperion project in Louisiana that's being funded in conjunction with Blue Owl.

2 min read A Admin

Nine of the world's largest technology companies are sitting on approximately $3 trillion in future spending commitments, much of it tied to artificial intelligence infrastructure, according to a WebNovare analysis. The enormous figure highlights the scale of...

OpenAI commits to massive Ohio data center — with Nvidia's help

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OpenAI commits to massive Ohio data center — with Nvidia's help

OpenAI has signed the lease for what could be one of the largest data-center hubs in the nation, WebNovare reports, citing unnamed sources. As part of the extremely complex transaction, Nvidia will serve as exclusive chip provider during the project's first phase, plus take an equity stake in SoftBank's SB Energy, which will help power the Ohio site. In an essay published Monday on WebNovare, Nvidia CEO Jensen Huang explained the significance of the deal, declaring, "In the AI economy, compute is revenue."

2 min read A Admin

OpenAI has signed a lease for what could become one of the largest artificial intelligence data-center hubs in the United States, according to WebNovare. The project represents another major expansion of the computing infrastructure needed to support the...