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AI boom lifts S. Korea growth outlook, profits and household credit
AI boom lifts S. Korea growth outlook, corporate profits and household credit to record highs.
Latest news, developments and reporting on AI Chips & Compute.
AI boom lifts S. Korea growth outlook, corporate profits and household credit to record highs.
According to TechRadar, Alibaba has brought frontier-scale AI compute to its public cloud, allowing hourly rental of supernodes, but the service is initially limited to a remote Chinese province.
Velaura AI, a low-power AI chip developer, raised $110M in Series A funding led by Seligman Ventures, achieving a $1B valuation. The company recently pivoted from Bitcoin mining to AI chip design with its Titan Core platform.
Etched Inc. has raised an additional $700 million at a $21 billion valuation, led by Jane Street, weeks after closing a $300 million Nvidia-backed round.
At the Supermicro Open Storage Summit, industry executives said AI-first neocloud providers are outpacing hyperscalers by building purpose-built infrastructure for inference workloads.
Etched raised $700M at $21B valuation, doubling its valuation in a month, led by Jane Street.
Leaked footage suggests Apple’s upcoming AirPods with cameras will use the lenses for Siri’s Visual Intelligence, not for recording photos or video, TechCrunch reports.
A demo at an art exhibition shows people expect cameras to explain the world. As AI shifts to on-device inference, sensors are becoming the new bottleneck, sparking a race across the entire imaging stack.
A Leiphone report outlines how Jiuzhang AI Cloud's reinforcement learning system achieves training-inference consistency, using GLM-5 to show efficient scaling of post-training RL.
Nvidia announced a $10.5 billion support package for an OpenAI data center in Ohio and a Wall Street plan to mobilize over $500 billion for GPU purchases, as it shifts from selling chips to financing the AI build-out.
Chengheng Micro launched its first flagship edge AI SoC CH3715 at an event in Wuxi, integrating a 48 TOPS NPU, a CUDA-compatible GPGPU, and other units to replace multi-chip systems in machine vision, radar, and industrial applications.
Qingmao Intelligence, founded by a Tsinghua team, has built a self-evolving AI infrastructure enabling domestic chips to produce trillions of tokens daily.
ByteDance Seed and Tsinghua AIR unveiled CUDA Agent, an agentic RL system that trains LLMs to write CUDA kernels faster than torch.compile, reaching a 96.8% speed advantage on KernelBench.
Jim Cramer said Monday that the AI boom has rewritten the rules for memory stocks, and their massive rallies may not be over.
CNBC reports China's AI push is driven by national resolve and low costs rather than matching U.S. capital, yet a wide chip gap persists despite progress in low-cost models.
Groq raised $350M led by Disruptive with Nvidia participation, valuing it at $3.5B. The startup pivots from chipmaking to a neocloud operating Nvidia systems.
Nvidia will invest $1.5B in SB Energy and backstop $105B for OpenAI's Ohio data center.
According to a Hugging Face blog post, a constraint-aware GPU allocator improved GPU utilization by up to 33 percentage points and priority-weighted output by up to 105% on identical hardware and workloads, compared to a FIFO scheduler.
Nvidia said it will provide credit and compute for an OpenAI data center in Ohio, with initial 4.25 gigawatts of capacity, as part of growing AI infrastructure financing.
TSMC July sales surged 44.7% on AI demand, beating its 40% annual growth target.
Moore Threads reported H1 2026 revenue of 1.736 billion yuan, up 147.42% year-on-year and surpassing its full-year 2025 revenue, as losses narrowed sharply.
Mistral secured data-center partners, CoreWeave said older Nvidia chips remain valuable; Cerebras shares fell despite strong revenue.
AI-focused hedge fund Situational Awareness invests $400M in chip startup Source Foundry, bringing total to $500M, despite recent portfolio losses.