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Nvidia, Microsoft and other tech giants back open-source AI models
Reuters20d agoneutral
Nvidia, Microsoft and other tech giants back open-source AI models

Nvidia, Microsoft and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source ‌AI models, wading into a debate roiling the business and policy worlds over ‌who controls the powerful technology. In a letter posted on X and also signed by two dozen companies and groups ​including Meta Platforms and IBM, Nvidia CEO Jensen Huang said that lawmakers should avoid "premature restrictions on open models that stifle competition or drive innovation overseas." The letter adds to the growing debate about open-source models that are harder to regulate, such as Nvidia's own and those released ‌in recent weeks by Chinese ⁠labs, and the closed-source models controlled by specific companies such as OpenAI and Anthropic.

Intel rises as strong forecasts signal AI boost for turnaround
Reuters20d agoneutral
Intel rises as strong forecasts signal AI boost for turnaround

Intel's shares rose 6% in premarket trading on Friday after bullish forecasts signaled the AI boom was propelling ‌the chipmaker's long-awaited turnaround. The company forecast third-quarter revenue above Wall ‌Street expectations and raised this year's capital expenditure estimate to $20 billion from $18 billion. Intel's improving outlook ​reflects growing adoption of its data center central processing units (CPUs) by customers building infrastructure for artificial intelligence, as CEO Lip-Bu Tan works to position the company as a broader beneficiary of AI-driven semiconductor demand despite Nvidia's lead ‌in accelerator chips.

AMD's customer list keeps growing, and Nvidia should notice
TheStreet20d agoneutral
AMD's customer list keeps growing, and Nvidia should notice

AMDsigned a multibillion-dollar chip and investment deal with Anthropic on Wednesday, July 22, its second major AI infrastructure agreement in three days. Two days earlier, AMD’s Azure deal with Microsoft sent shares up as much as 5%. This time, AMD shares fell 2.5% in premarket trading, according ...

Nvidia, Amkor strike $1.5 billion chip packaging deal
Reuters21d agoneutral
Nvidia, Amkor strike $1.5 billion chip packaging deal

Amkor Technology said on Thursday it had entered a multi-year agreement ‌with Nvidia worth $1.5 billion to expand ‌advanced semiconductor packaging and test capacity in the U.S., as ​the chip industry races to build out AI infrastructure. • ⁠Under the agreement, Nvidia will make a prepayment to support the expansion ⁠of Amkor's U.S. advanced packaging operations, including capacity in Arizona. • The companies will jointly develop ​packaging and ​testing technologies for Nvidia's ​AI and accelerated-computing ‌platforms, focusing on combining different types of chips in a single package.