Nvidia reported stellar results for the recent quarter, logging record revenue of $57 billion, up 62 percent year-over-year and 22 percent from Q2. “Blackwell sales are off the charts, and cloud GPUs are sold out,” Nvidia founder and CEO Jensen Huang told investors, saying “we’ve entered the virtuous cycle of AI,” with “more new foundation model makers, more AI startups across more industries, and in more countries.” The results quieted fears about an AI bubble. But there was some drama as Nvidia disclosed there is “no guarantee” of finalizing a previously announced $100 billion investment in OpenAI. Continue reading Nvidia Reports Record $57B in Revenue, $32B in Profit for Q3

San Francisco-based AI startup Anthropic, founded in 2021, announced plans to invest $50 billion in U.S. computing infrastructure, starting with the creation of data centers with Fluidstack in Texas and New York (with additional plans for future sites). Fluidstack builds and operates high-performance GPU clusters for researchers and AI teams. The new project with Anthropic is expected to create 800 permanent jobs and about 2,400 construction jobs. Sites are scheduled to come online throughout next year. “These facilities are custom built for Anthropic with a focus on maximizing efficiency for our workloads, enabling continued research and development at the frontier,” according to Anthropic. Continue reading Anthropic Plans to Invest $50 Billion in AI Data Centers in U.S.

YouTube is offering amnesty of sorts, providing those who were kicked off the platform for policy violations a “second chance.” Last week, the Google-owned streamer agreed to pay a $24.5 million settlement to President Donald Trump, who sued over suspension of his YouTube account following the January 2021 U.S. Capitol riots. “We know that our long-held approach of enforcing lifetime terminations can be difficult for creators,” YouTube explained in a blog post highlighting more than $100 billion paid out to creators, artists and media companies through the YouTube Partner Program over the past four years. Continue reading YouTube Offers Some Terminated Accounts a Second Chance

Nvidia is investing $5 billion in Intel via a common stock purchase at $23.28 per share, which translates to about a 4 percent stake. The companies plan to collaborate across multiple projects, developing custom data center and PC products to accelerate applications and workloads across the hyperscale, enterprise and consumer markets. Nvidia’s NVLink will be used to connect the architectures, integrating Nvidia’s GPUs with Intel’s CPU technologies. For data centers, Intel will customize x86 CPUs that Nvidia can integrate into its AI platforms. Intel also plans to build x86 SOCs that integrate Nvidia RTX GPU chiplets for PCs. Continue reading Nvidia Invests $5 Billion in Intel with Plans for AI Infrastructure

OpenAI is sending the message that artificial intelligence is coming to make jobs, not take jobs. The company is developing the OpenAI Jobs Platform and a complementary OpenAI Certification program, and says it will certify 10 million Americans by 2030 working with launch partners including Walmart. The move comes as OpenAI is amping up its commercial endeavors. Although observers are positioning the career-focused effort as a potential rival to LinkedIn, owned by OpenAI investor Microsoft, the new contender will have a much narrower focus. It is expected to go live in mid-2026. Continue reading OpenAI Developing a Job Platform and Certification Program

Santa Clara, California-based Nvidia reported its sales were $46.7 billion for the most recent quarter, marking 56 percent growth over the same period last year and up 6 percent sequentially. Profit rose more than 59 percent to $26.42 billion. The results, which surpassed estimates, reassured global analysts and investors that AI infrastructure spending remains strong, easing — though not erasing — anxieties about an AI bubble. This summer, the chipmaker became the first company to exceed a market cap of $4 trillion, and it is considered a global barometer for the overall health of the artificial intelligence sector. Continue reading Nvidia Announces Continued Growth, $26 Billion in Q2 Profit

The U.S. government is taking a 10 percent stake in Intel in exchange for $5.7 billion in grants previously awarded, but not yet paid, to Intel under the U.S. CHIPS and Science Act and $3.2 billion awarded to the company as part of the Secure Enclave program. Intel had already received $2.2 billion from those funds, bringing the U.S. investment to $11.1 billion. However, the company’s mounting losses — $2.9 billion in Q2, a 57 percent increase over Q2 2024’s $1.61 billion loss — made it questionable as to whether the company could continue to fulfill terms for the funding without intervention. The Intel agreement marks the largest U.S. government equity deal for an individual tech firm. Continue reading U.S. Is Taking 10 Percent Intel Stake in Equity for Grants Deal

In a major local television group consolidation move, Nexstar Media Group of Texas has reached an agreement to acquire a rival, Virginia-based Tegna, in a $22 per share cash transaction valued at $6.2 billion. The boards of both Nexstar and Tegna unanimously signed off on the deal, which is expected to close by the end of next year subject to FCC regulatory approval. The price includes Tegna debt and estimated transaction expenses and fees. Nexstar has more than 200 owned or partner stations while Tegna has 64. As a result of the consolidation, the combined company will have TV stations in nine of the top 10 U.S. markets. Continue reading Nexstar to Acquire Tegna in $6.2 Billion TV Consolidation Deal

Japan’s SoftBank has committed to investing $2 billion in U.S. chipmaker Intel as the company struggles to gain traction in the exploding artificial intelligence space and catch up in the mobile market. SoftBank has agreed to purchase roughly 87 million Intel shares at $23 per share to become the company’s fifth or sixth-largest shareholder. The move comes as the Trump administration deliberates converting the U.S. government’s CHIPS Act grants into a 10 percent equity stake in the company as part of its effort to revive American semiconductor manufacturing. Such a deal would make the government Intel’s largest stakeholder. Continue reading SoftBank Invests $2 Billion in Intel as Government Mulls Stake

Oracle will supply massive compute power to OpenAI as part of a new contract reported at $30 billion annually focused on accelerating Sam Altman’s ambitions for Stargate, the initiative to build U.S. data centers announced in January by President Trump as a matter of national security. OpenAI committed $500 billion over four years to the project. The Oracle deal involves an estimated 4.5 gigawatts of U.S. data center power consumption, equivalent to the power output of four-and-a-half nuclear reactors operating at full capacity — enough to power approximately 3.3 million U.S. households during that time. Continue reading OpenAI Deal with Oracle to Scale Up U.S. Cloud Infrastructure

TikTok is reporting that TikTok Shop’s U.S. sales have increased 120 percent in 2025 compared to the same period last year. However, this announcement was made as reports surfaced that TikTok owner ByteDance is disappointed that the U.S. performance of TikTok Shop is falling far short of its original tenfold growth goal to $17.5 billion in 2025. The company reportedly moved to “drastically lower that objective” prior to touting its performance this month. Meanwhile, President Trump recently extended the deadline for ByteDance to sell the U.S. operations of TikTok, pushing the cutoff to September 17. Continue reading TikTok Shop’s U.S. Sales Improve but Still Fall Short of Goals

The Center for AI Standards and Innovation (CAISI) is the new name the Trump administration’s Department of Commerce has bestowed on the Biden-era’s AI Safety Institute. The change aims to “ensure Commerce uses its vast scientific and industrial expertise to evaluate and understand the capabilities of these rapidly developing systems and identify vulnerabilities and threats within systems developed in the U.S. and abroad,” the Department announced. As part of the update, CAISI becomes the industry’s primary federal government point of contact for testing and collaborative research related to commercial AI systems. Continue reading Safety Institute Is Now Center for AI Standards and Innovation

Stargate UAE is the first major deal announced by the OpenAI-led Stargate consortium in its march to develop giant data centers for artificial intelligence around the world. The massive Abu Dhabi cluster is expected to go live with 200 megawatts in 2026 then scale up to 1 gigawatt — enough to power a million homes — eventually taking its place as part of a 5GW UAE-U.S. AI technology cluster in the region. Stargate partners G42, Oracle, Nvidia, Cisco and SoftBank are participating in the build-out, which OpenAI explains was “developed in close coordination with the U.S. government.” Continue reading OpenAI-Led Stargate UAE Is Latest in Middle East Tech Push

Nvidia has teamed up with Abu Dhabi investment firm MGX to establish what they’re predicting will be Europe’s largest AI data center complex. The partners have also reached out to French firms with a goal of creating a 1.4 gigawatts capacity campus near Paris. The announcement was made at the Choose France Summit in Versailles in a joint statement with investment firm Bpifrance SACA and regional AI startup Mistral AI. On a related note, Cisco chose France as the location for one of its Global AI Hubs, planting a flag for the development of energy-efficient, AI-ready infrastructure. Continue reading Nvidia, Cisco Plan Massive AI Data Center Projects in France

Nvidia is joining forces with Foxconn to build Taiwan’s first supercomputer. Foxconn, the world’s largest contract manufacturer of electronics, will implement the system through its subsidiary Big Innovation Company, which specializes in advanced tech solutions for enterprise. The supercomputer will leverage 10,000 Nvidia Blackwell GPUs, providing “orders-of-magnitude faster performance, compared with previous-generation systems,” said Nvidia CEO Jensen Huang in his Computex keynote. Huang also announced a new initiative that will let companies build semi-custom chips and talked-up desktop supercomputers in the works with Acer and Asus. Continue reading Nvidia, Foxconn Plan to Build an AI Supercomputer in Taiwan