The acquisition of the start-up is an indication of Nvidia’s growing role as Silicon Valley’s central banker and its emphasis on open-source technology.
Former Deputy Treasury Secretary Michael Faulkender and American Action Forum president Douglas Holtz-Eakin analyze Treasury Secretary Scott Bessent’s economic outlook on ‘Kudlow.’ #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #kudlow #michaelfaulkender #faulkender #douglasholtzeakin #holtzeakin #scottbessent #bessent #economy #economicoutlook #treasury #markets #inflation #jobs #growth #fiscalpolicy
Data: S&P Capital IQ Pro; Chart: Erin Davis/Axios Visuals Nvidia made billions selling AI's essential ingredient: chips. - Now it's plowing those riches straight back into the AI ecosystem, betting on a buildout that craves ever more compute. Why it matters: Nvidia has become the AI industry's supplier, banker and kingmaker, feeding a self-reinforcing cycle in which chip profits finance the next wave of chip demand. State of play: Already the world's most valuable company, Nvidia is now worth more than five of the 11 sectors that make up the S&P 500. - The chipmaker reported nearly $60 billion in quarterly profit Wednesday, prompting The Kobeissi Letter to call the results "the most impressive earnings in history." - Nvidia believes…
Nvidia just delivered another massive earnings report, but the bigger story may be what comes next. The company reported fiscal second-quarter earnings after the closing bell on Wednesday. The company is also projecting roughly 70% revenue growth for fiscal 2028. LiveNOW’s Andy Mac spoke with Robbie Whelan from The Wall Street Journal about Nvidia’s second quarter fiscal report and what could be next for the tech giant.
Nvidia topped revenue and earnings expectations in its latest quarter, but the stock ticked downward in extended trading Wednesday as investors maintained high expectations for the AI darling. Why it matters: The stock is widely considered a bellwether for the health of the broader AI economy, but lately it has been trailing the broader semiconductor sector in market gains. Zoom in: Nvidia posted revenue of $96.2 billion, more than doubling its year-earlier showing, while net income jumped 126% to $59.7 billion. - That exceeded S&P Capital IQ expectations of $92.1 billion in revenue and $51.2 billion in earnings for the period ended July 26. - Revenue from data centers — Nvidia's largest source of sales — rose 117%, to $89 billion. …
As AI fuels demand for computing power, data centers are being built all across the country. This expansion is being met with widespread backlash over environmental and economic concerns. MS NOW's Josh Einiger says data centers are seen as "the physical manifestation of people's fears about AI."
Elon Musk and Mark Zuckerberg have muscled their way back into AI's elite ranks, defying early obituaries to close the gap on a new generation of Silicon Valley startups. Why it matters: Recent gains by tech giants SpaceX and Meta — long stuck in AI's second tier — are putting new pressure on a hierarchy dominated by OpenAI and Anthropic. State of play: Both companies released models this week featuring a combination of performance and price that would have been hard to imagine from either lab a year ago. - SpaceX's Grok 4.6 scored essentially even with OpenAI's GPT-5.6 Sol Max on the closely watched Artificial Analysis Intelligence Index , and just behind Anthropic's Fable 5 Max. - Promising "something special," Musk said Grok…
AI:Elon Musk and Mark Zuckerberg have aggressively re-entered the elite AI arms race by leveraging the massive scale of their respective empires to challenge the dominance of OpenAI and Anthropic. Musk has integrated xAI into SpaceX in a $60 billion move, utilizing proprietary data and immense computing power to push Grok 4.6 to performance levels rivaling GPT-5.6, with even more advanced iterations expected imminently. Meanwhile, Zuckerberg is pivoting Meta toward "superintelligence for everyone" by focusing on high-performance, low-cost models like Muse Glimmer that can run locally, a strategy backed by a $14.3 billion investment in Scale AI. As the battle shifts from raw intelligence to cost-effectiveness and resource deployment, these…Open
Six giant investment firms announced a $500 billion effort to raise money for customers of Nvidia to pay for computing power.
Anthropic spent this winter and spring as the darling of America's AI boom, conquering the frontier while casting itself as the industry's moral conscience. - By summer, the Claude maker had found itself alone on an island of its own principles. Why it matters: Anthropic is simultaneously the world's most valuable startup and its most isolated AI leader. The company's idiosyncrasies have strained its relationship with developers, policymakers and partners as it barrels toward a potential trillion-dollar IPO . Driving the news: Anthropic is the only frontier AI lab that declined to sign an open letter led by Nvidia CEO Jensen Huang urging Washington not to restrict open-weight models, a category currently dominated by China. -…
Anthropic CEO Dario Amodei said Monday that he has "never advocated" for a ban on open-weight AI models , rejecting accusations that his lab is seeking to shield its closed-model business from competition. Why it matters: Anthropic has become the most prominent holdout from a new industry push to defend open-weight AI, after Nvidia, Microsoft, Meta, Google, OpenAI and dozens of other companies signed a letter urging Washington not to restrict the technology. - The push was triggered by the shock debut of Kimi K3 , a Chinese open-weight model that rattled Silicon Valley by approaching U.S. frontier performance at a fraction of the cost. - The Trump administration has weighed taking action against open-source models, including sanctions…