Delivery boosts Saudi-backed firm’s capacity to train and deploy large-scale artificial intelligence models
NVIDIA
Latest in NVIDIA
AI infrastructure
Kuwait Investment Authority to partner Brookfield’s $100bn AI programme
BAIIF, the new fund also backed by Nvidia, will acquire up to $100bn of AI infrastructure assets, deploying investment across every stage of the value chain
NVIDIA
Nvidia continues to dazzle Wall Street as profit jumps 65% to $31.9bn for Q3
Revenue in its recent quarter rose to $57bn as CEO Huang brushes off the fears of an AI bubble, citing new applications the technology is getting into
Artificial intelligence
RedCloud to tap Saudi FMCG market with NVIDIA AI tech
UK-based technology company plans to use NVIDIA’s optimisation engine to enhance supply chain efficiency in Saudi Arabia’s fast-moving consumer goods sector
Amazon
Amazon stocks surge after $38bn cloud compute deal with OpenAI
The multi-year partnership empowers OpenAI with immediate and increasing access to Amazon Web Services’s cloud infrastructure for their advanced AI workloads
Artificial intelligence
Trump to bar China and other nations from Nvidia’s most advanced AI chips
President Trump says Nvidia’s top AI chips will be reserved for US firms, a move that could hit exports to allies and reshape global tech supply chains
Autonomous vehicles
Lucid to use Nvidia technology in delivering world’s first Level 4 AV
Will integrate Nvidia DRIVE AGX Thor into future midsize vehicles, enabling true ‘eyes-off, hands-off, mind-off’ capabilities
Market capitalisation
Nvidia creates history by becoming first company to reach $5trn market cap
Grows from $1trn in just 29 months; Now worth more than the GDP of every country on earth, except for the United States and China
Artificial intelligence
‘Appetite here is unmatched’: NVIDIA bets on UAE and Saudi as Gulf’s AI data centre boom accelerates
Chipmaker hails the Gulf’s “unmatched” drive to lead the AI era, with the UAE and Saudi Arabia emerging as NVIDIA’s top growth markets amid a surge in sovereign AI and data-centre investment
Artificial intelligence
US okays licenses to Nvidia to export chips to the UAE
The Bureau of Industry and Security issue the licenses under the terms of a bilateral AI agreement in May when President Trump visited the UAE
Intel
Intel shares surge to 52-week high as Nvidia decides to invest $5bn in it
Nvidia investing in Intel’s common stock at a purchase price of $23.28 per share; CEO Huang calls it an “incredible investment”
AMD
Nvidia, AMD to pay US government 15% of advanced chips sale to China
Nvidia’s H20 and AMD’s MI308 – required for AI-related use – can now be sold; The companies had a combined sale of $23.2bn in China in FY2024
Artificial intelligence
Nvidia becomes first publicly-traded company to cross $4 trillion market cap
On Wednesday, its share surged past $164 and briefly crossed the milestone, before pulling back to $162.88 and $3.97tr market cap
3D printing technology
Nvidia shares surge as it becomes world’s most valuable company again
Shares hit an all-time high of $154.31 on Wednesday, lifting it ahead of Microsoft with a market capitalisation of $3.77 trillion
Artificial intelligence
Abu Dhabi’s Khazna to build Blackwell-ready data halls for NVIDIA across MEA
Khazna’s upcoming projects to feature NVIDIA-ready blueprints, ensuring full compatibility with the latest GPU-accelerated workloads
Abu Dhabi
G42 and NVIDIA collaborate to introduce a hyper-local weather forecasting model
It was successfully tested to simulate fog progression across the UAE, which showcased the platform’s advanced visualisation capabilities
