8 stories for “Nvidia”
When Nvidia buys shares of Meta, which buys Nvidia's chips, that isn't confidence in the future. It's a loop. Tonight's results will test the question everyone avoids: who ends up paying.
According to The Wall Street Journal, the valuation is about $7 billion. According to Calcalist, the price is lower, about $5.5 billion, after Nvidia and Anthropic passed. The company, founded by 8200 veterans, was only founded in 2023.
Nvidia will buy $3 billion of stock and AMD $1 billion, as part of a $25 billion offering that was about five times oversubscribed. Meta is also expanding its use of Vera Rubin chips.
The company, formerly called Nagish, with about 32 employees, will train its models on Nvidia's supercomputers. The goal: real-time translation from sign language to text and speech.
The AI company's compute commitment to Elon Musk's company has grown almost threefold from early estimates. Most of the contracts can be cancelled on 90 days' notice, a key detail for IPO investors.
According to a filing with the US Securities and Exchange Commission, Elon Musk's company will lease Nvidia Vera Rubin chips from an entity managed by Apollo. It is one of the largest compute financing deals signed to date.
Tel Aviv-based doubleAI unveils Maxwell, a model that optimizes software while it runs. Investors include Lightspeed, Bessemer, Nvidia and Dell, and the business model is a share of the savings.
After its first quarter of negative free cash flow in more than a decade, the social media giant turns to the capital markets. Nvidia, AMD and Broadcom signal interest in taking part.
