The head of SoftBank Corp. is steeling himself for a possible slowdown in AI data center demand in the US and said that his company may look elsewhere for growth.
Nominal Inc., a startup building software to make manufacturing more efficient, has raised $240 million in funding at a $3 billion valuation, triple what it was worth in a funding round earlier this year.
Artificial intelligence will create demand for next-generation telecommunications networks as connected devices such as smart glasses require more data, according to Ericsson AB’s new chief executive officer.
Shares of Nvidia were trading down 5% early Monday morning, a sign of the huge uncertainty now hanging over the AI chip giant in the wake of the company’s disclosure Sunday that it would investigate recent reporting that CEO Jensen Huang “had been the target of a foreign intelligence effort.”
Data center builders may face significantly higher borrowing costs when billions of dollars in debt comes due in the months ahead, a byproduct of rising benchmark US yields that threatens to make financing the AI industry’s expansion that much more expensive.
Nothing is more frustrating than buying a new pair of headphones or an OLED TV, only to find out you could have gotten it cheaper somewhere else a few days or weeks later.
Shares of Nvidia fell 6.6% in early trading in the wake of the company’s disclosure that it was opening an investigation into allegations that CEO Jensen Huang “has been the target of a foreign intelligence effort.”