Worries about a bubble in artificial intelligence investments are absurd, SoftBank Group’s CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes. “To ask whether AI is a bubble is a foolish question,” Son told executives at an annual company event in Tokyo. “AI will … Read more
Chinese AI startup DeepSeek is weighing raising new funds one month after closing its first round, the Financial Times reported on Tuesday. The company started preliminary talks this week with new investors about opening another round that would value the company at about $71 billion before the deal, according to the report. DeepSeek did not … Read more
Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computing power to 14 gigawatts next year, showed an internal memo reviewed by Reuters. The tech firm’s data center chip, code-named “Iris”, is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) … Read more
China is planning to allow the country’s top AI companies to buy a limited number of Nvidia’s H200 chips, the Information reported on Wednesday, citing two people with direct knowledge of the matter. Chinese officials have told Alibaba, ByteDance and DeepSeek in recent weeks that they may soon receive permission to buy some H200 chips, … Read more
Nvidia Corp.’s server assembly partner is Hon Hai Precision Industry Co. reported a bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further. Shipments of AI racks are expected to maintain their momentum in the current quarter, while demand for information and communications technology products is entering peak season, the company said … Read more
US President Donald Trump said the United States must maintain its leadership in artificial intelligence and cryptocurrencies, warning that falling behind could allow China to dominate two of the world’s fastest-growing technologies. Speaking in an exclusive interview with CNBC, Trump described AI and crypto as strategic industries that will shape global economic and technological leadership … Read more
