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Inside Scale AI’s New Robot Labs

By Rocket Drew · Sep 24, 2025 7:00am PDT

After Meta Platforms bought nearly half of the data labelling startup Scale AI and hired its co-founder Alexandr Wang and other key employees, Scale’s future looked uncertain. Even more so after the nine-year old startup laid off 200 employees and customer OpenAI wound down its work with the company.Now, we’re getting a sense of how Scale’s... After Meta Platforms bought nearly half of the data labelling startup Scale AI and hired its...

Sam Altman, left, and Jensen Huang. Photos via Getty

Nvidia and OpenAI’s Fates Get Even More Intertwined

By Anissa Gardizy · Sep 23, 2025 7:00am PDT · 1 comment

Larry Ellison might have thought his firm’s 4.5 gigawatt cloud deal with OpenAI was unmatched.That is, until he woke up on Monday morning to see OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang announcing something much bigger: data center plans that are more than double the size of Oracle’s. The numbers are quite staggering. If OpenAI and... Larry Ellison might have thought his firm’s 4.5 gigawatt cloud deal with OpenAI was unmatched....

Blackstone's Jon Gray, left, and Macquarie's Shemara Wikramanayake. Photos by Getty

AI Data Center Lenders to Watch

By Miles Kruppa · Sep 23, 2025 6:00am PDT

The astounding financial demands of artificial intelligence have forced the tech industry to embrace a new source of funding: lenders that can quickly write multi-billion dollar checks. These banks and investors range from giants like JPMorgan Chase and Blackstone to lesser known lenders such as Sumitomo Mitsui Banking Corp. and Macquarie. They... The astounding financial demands of artificial intelligence have forced the tech industry to...

Jensen Huang, left, and Sam Altman. Photos via Getty

Nvidia Pays OpenAI to Buy Its Chips

By Martin Peers · Sep 22, 2025 5:00pm PDT · 2 comments

Jensen Huang, left, and Sam Altman. Photos via Getty

Nvidia Pays OpenAI to Buy Its Chips

By Martin Peers · Sep 22, 2025 5:00pm PDT · 2 comments

OpenAI loves to make grand announcements. Earlier this year we had the hoopla about its Stargate data center venture, worth up to $500 billion. Today the ChatGPT creator announced a letter of intent to form a strategic partnership with Nvidia to “build and deploy” artificial intelligence data centers holding “millions” of Nvidia’s AI chips. To... OpenAI loves to make grand announcements. Earlier this year we had the hoopla about its Stargate...

Art by Clark Miller

OpenAI’s Models Are Getting Too Smart For Their Human Teachers

By Stephanie Palazzolo · Sep 17, 2025 7:00am PDT

In the fight to improve AI models, Anthropic and OpenAI have doubled down on two methods: letting models train on fake clones of apps—otherwise known as reinforcement learning environments or gyms—and getting experts in various fields to teach models new things, as I reported in this Tuesday story.One problem is emerging, though: It’s getting a... In the fight to improve AI models, Anthropic and OpenAI have doubled down on two methods: letting...

Art via Getty

The Secrets OpenAI Revealed About ChatGPT

By Stephanie Palazzolo and Aaron Holmes · Sep 16, 2025 7:00am PDT

Public interest in ChatGPT's impact on society is rising fast, especially given recent high-profile lawsuits filed by family members of people who used the chatbot before taking their own life. On Monday, OpenAI opened the chabot's kimono a little bit, with a new study showing exactly how users are using ChatGPT. Notably, non-work... Public interest in ChatGPT's impact on society is rising fast, especially given recent...

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On Quarterly Earnings, Trump Has a Point

By Martin Peers · Sep 15, 2025 5:00pm PDT

Imagine a world where companies report earnings only twice a year, instead of every quarter. As John Lennon put it, “you may say I’m a dreamer, but I’m not the only one.” Donald Trump reminded us on Monday that he is a big proponent of switching to a half-yearly corporate reporting cadence, away from the quarterly one. His pitch is that doing so... Imagine a world where companies report earnings only twice a year, instead of every quarter. As...

Nvidia CEO Jensen Huang via Getty

Nvidia Steps Back From Cloud Effort to Compete with AWS

By Anissa Gardizy · Sep 12, 2025 6:00am PDT

Nvidia CEO Jensen Huang via Getty

Nvidia Steps Back From Cloud Effort to Compete with AWS

By Anissa Gardizy · Sep 12, 2025 6:00am PDT

Nvidia is stepping back from its nascent cloud computing business, which had put it in quasi-competition with Amazon Web Services. It has lessened its efforts to attract businesses to the cloud service, dubbed DGX Cloud, said a person with direct knowledge of the situation. Instead, Nvidia plans to primarily use the service, which consists of... Nvidia is stepping back from its nascent cloud computing business, which had put it in...

OpenAI’s $350 Billion Computing Cost Problem

By Amir Efrati and Sri Muppidi · Sep 11, 2025 9:12am PDT · 9 comments

The most popular consumer internet services usually figure out how to make money even after a decade or more of losses. Amazon, Uber, Netflix and Snap all started generating cash by raising prices or leveraging their large audiences to sell ads or other services. OpenAI’s growing audience would seem to put it in a similar position. Its... The most popular consumer internet services usually figure out how to make money even after a...

Art by Mike Sullivan

Alibaba and Baidu Adopt Their Own AI Chips in Major Shift for Chinese Tech

By Qianer Liu · Sep 11, 2025 8:24am PDT · 1 comment

Chinese tech giants Alibaba Group and Baidu have begun using their own internally designed chips to train their artificial intelligence models, partly replacing AI chips made by Nvidia, according to four people with direct knowledge of the moves. The move is the latest sign that a decoupling of Chinese AI development from the Western... Chinese tech giants Alibaba Group and Baidu have begun using their own internally designed chips...

Larry Ellison. Photo via Getty

Oracle’s Blockbuster Projections; Apple’s New iPhones

By Martin Peers · Sep 9, 2025 5:00pm PDT

The biggest news today wasn’t Apple’s new line of iPhones—that was about as much of a secret as the time of tomorrow’s sunrise (for more details of the Apple presentation, see below)—but Oracle’s blockbuster revenue projections. The software-and-cloud firm is enjoying what you might call its Nvidia moment. It is finally showing the benefits of... The biggest news today wasn’t Apple’s new line of iPhones—that was about as much of a secret as...

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By Martin Peers · Sep 5, 2025 3:00pm PDT · 1 comment

Photo via Getty

Musk’s Money

By Martin Peers · Sep 5, 2025 3:00pm PDT · 1 comment

Elon Musk is putting his money where his mouth is. In a securities filing on Friday, Tesla disclosed a new stock award for its CEO worth as much as $1 trillion. It hinges entirely on Musk’s ambitious claims that his focus on humanoid robots and robotaxis will turn Tesla into “the most valuable company in the world by far,” as he has often... Elon Musk is putting his money where his mouth is. In a securities filing on Friday, Tesla ...

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Nvidia’s Chip Round-Trip Deals

By Martin Peers · Sep 4, 2025 5:00pm PDT · 2 comments

What would you think if Apple set up a company to buy iPhones and then rented those devices back for use by Apple staffers? It would make you wonder, right? Yet that’s more or less what Nvidia has taken to doing. As we reported today, Nvidia has struck a couple of deals to rent its own chips from Lambda, a cloud startup Nvidia partly owns.... What would you think if Apple set up a company to buy iPhones and then rented those devices back...

Nvidia CEO Jensen Huang. Art by Clark Miller

Nvidia to Pay $1.5 Billion to Rent Back Its Own Chips From Cloud Startup

By Natasha Mascarenhas and Anissa Gardizy · Sep 4, 2025 12:49pm PDT · 3 comments

A small cloud provider for artificial intelligence that’s preparing to go public has secured a major boost from its most important supplier: Nvidia. The chip giant agreed this summer to rent 10,000 of its own AI chips from the cloud firm, Lambda, for $1.3 billion over four years, and a separate $200 million deal to rent 8,000 more Nvidia chips... A small cloud provider for artificial intelligence that’s preparing to go public has secured a...

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Robotic Arms Company Considers Investment at $600 Million Valuation

By Stephanie Palazzolo and Rocket Drew · Sep 4, 2025 7:15am PDT

Companies like Physical Intelligence or Skild AI that aim to build robots that can handle a variety of tasks out of the box have raised hundreds of millions in funding over the last two years. Now, a startup that’s taking a different approach—building robots that master one task at a time—is raising a new round of funding. The startup,... Companies like Physical Intelligence or Skild AI that aim to build robots that can handle a...

Lambda CEO Stephen Balaban. Screenshot via YouTube

Nvidia-Backed Cloud Provider Lambda Hires Banks for IPO

By Valida Pau and Natasha Mascarenhas · Sep 3, 2025 1:56pm PDT

Lambda CEO Stephen Balaban. Screenshot via YouTube

Nvidia-Backed Cloud Provider Lambda Hires Banks for IPO

By Valida Pau and Natasha Mascarenhas · Sep 3, 2025 1:56pm PDT

Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has hired investment banks to prepare for an initial public offering in the U.S., according to people with direct knowledge of the talks. The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi to prepare for a listing as soon as... Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has...

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Google Ramps Up AI Chip Competition with Nvidia

By Anissa Gardizy and Miles Kruppa · Sep 3, 2025 6:00am PDT · 2 comments

Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out to Google Cloud customers such as OpenAI and Meta Platforms. But Google’s grand ambitions for its own competing AI chips show no sign of slowing down. In the latest example, Google recently approached small cloud providers that primarily rent out... Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out...

Nvidia CEO Jensen Huang, left, and Vast Data CEO Renen Hallak. Photos via Getty

How Nvidia Anointed a Data Storage Startup as an AI Darling

By Kevin McLaughlin, Valida Pau and Anissa Gardizy · Aug 27, 2025 6:00am PDT · 1 comment

Nvidia reshaped the cloud computing market by giving upstart cloud providers a lot of artificial intelligence chips. Now it is extending its influence into another cloud field: data storage. Nvidia has invested multiple times in Vast Data, which sells software to firms such as Elon Musk’s xAI and videoconference maker Zoom for storing data in a... Nvidia reshaped the cloud computing market by giving upstart cloud providers a lot of artificial...

AWS data centers in Manassas, Va. Photo via Getty

Bankers Doing Data Center Financings Had No Respite This Summer

By Ken Brown · Aug 22, 2025 3:00pm PDT

There were no August vacations for bankers who do data center financing deals.At the start of the month, Meta reached a deal to borrow $26 billion and get $3 billion in equity tied to its data center build-out, according to Bloomberg. This week, JPMorgan Chase and Japanese lender Mitsubishi UFJ Financial Group agreed to underwrite $22 billion in... There were no August vacations for bankers who do data center financing deals.At the start of the...

Art by Clark Miller

Meta Signs $10 Billion-Plus Cloud Deal With Google

By Kevin McLaughlin and Kalley Huang · Aug 21, 2025 3:48pm PDT · 2 comments

Art by Clark Miller

Meta Signs $10 Billion-Plus Cloud Deal With Google

By Kevin McLaughlin and Kalley Huang · Aug 21, 2025 3:48pm PDT · 2 comments

Google has struck a major cloud computing deal with Meta Platforms, according to two people familiar with the matter. As part of the agreement, the social media giant will use Google Cloud’s servers, storage, networking and other services, one of the people said. The deal—worth more than $10 billion over six years, the person said—is... Google has struck a major cloud computing deal with Meta Platforms, according to two people...