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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.
Anthropic’s annualized revenue run rate surpassed $65 billion at the end of July, up from $47 billion in May and $9 billion at the end of last year, Bloomberg reported.
Jim Cramer said Monday that the AI boom has rewritten the rules for memory stocks, and their massive rallies may not be over.
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.
Wispr and Higgsfield announced $280M and $400M rounds on Monday to expand AI speech and video platforms.
Swiss startup Gravis Robotics raised $200m from SoftBank, hitting a $1bn valuation, according to Sifted.
Mistral secured data-center partners, CoreWeave said older Nvidia chips remain valuable; Cerebras shares fell despite strong revenue.
VettaFi's Todd Rosenbluth says collateralized loan obligation ETFs could be the next big push in the industry as investors await Fed clarity and seek yield without long-term maturity risk.
AI-focused hedge fund Situational Awareness invests $400M in chip startup Source Foundry, bringing total to $500M, despite recent portfolio losses.