8 stories
Nvidia's stake in SpaceX, acquired through its investment in xAI, was worth roughly $21 billion at the end of the second quarter. The disclosure highlights the chipmaker's expanding indirect footprint across AI and space ventures.
Wall Street trading firm Jane Street lost $15 billion during July's technology stock sell-off, the Financial Times reported. The hit is linked to the firm's concentrated bets on artificial intelligence-related positions as the sector's rally reversed sharply.
Meta Platforms is set to fully unwind its acquisition of Chinese-founded AI platform Manus, more than three months after Beijing blocked the deal on national security grounds. It caps another high-profile decoupling between the US and China in AI.
Major Wall Street banks have backed Nvidia CEO Jensen Huang's financing approach for the ongoing AI data-center build-out. The move extends a funding model that mixes debt and equity issuance to bankroll the infrastructure race.
Singapore's government raised its 2026 GDP growth forecast to a range of 4.5% to 5.5%, citing a stronger artificial-intelligence boom. Officials said the city-state's trade is not expected to take a hit from the 12.5% US tariff on exports.
OpenAI has completed a $7 billion tender offer allowing employees and existing investors to sell shares, in a move seen as preparation for a potential future IPO. The offer had been in the works since the company closed its record-breaking $122 billion funding round in March.
Nvidia has arranged $500 billion in financing from major banks to support the buildout of AI data centers. CEO Jensen Huang told CNBC that because the company's chips are widely adopted, flexible and transferable, lenders can underwrite them as a revenue-generating, investable asset. The deal underscores the scale of capital now flowing into AI infrastructure.
Intel plans to raise $15 billion through a new stock offering as demand for artificial intelligence infrastructure accelerates. The move follows a broader trend of technology companies raising capital to fund AI-related buildouts, after major players have already spent trillions supporting the sector's growth. The offering would add to Intel's resources as it competes in the AI chip market.