Money will be used to support expansions at company’s New York and Vermont sites

System will be powered by eight Grace Hopper superchips

Aims to raise funds to compete with Nvidia

Deal marks the fourth multi-billion purchase for Japanese chip maker

Neither company has given a reason for the closures, despite the Chinese government designating the technology a strategic priority

Brings company’s valuation to $1.5bn

Investment will see company’s valuation hit $1bn

The test was carried out at Samsung's R&D lab in Korea

Or about three H100 GPUs

Plans result from government scheme to boost chip production in the country

If approved, the plant will produce 65nm and 40nm chips

To help fund chip R&D

Jensen Huang was one of 114 newly elected members in 2024

Could also build custom telecoms, automotive, and video game chips

Comes after Altman posted that the world needs more AI infrastructure, including data centers

The project will be a joint venture between state-backed Rapidus and the Leading-edge Semiconductor Technology Center

Joins the likes of Google, Meta, and Amazon in keeping kit around for longer

Funding round saw company valued at $95 million

Processors will be based on Arm Neoverse technology and made by Intel Foundry Services

Each site will receive £11m in financial support

To help train its Aria generative AI assistant

Cluster will be installed at the university’s Center for Emerging Artificial Intelligence Systems

Second site expected to be operational by the end of 2027

The business is ready to cash in on demand for its products caused by the AI revolution