The chipmaker is reportedly in talks to provide a massive financial guarantee for an OpenAI data center in Ohio, a move that has intensified investor concerns about the circular financing propping up the AI economy.
The tape Tech Brew Ride Home · Jul 27
“So Nvidia making a big bet on Ilya, but sources also tell the journal that Nvidia is in talks to provide a $250 billion backstop for Open AI, as part of a 10-gigawatt data center project that SoftBank's energy subsidiary is building in Ohio.”
Backers of the AI startup are telling reporters they expect an October float at a valuation of $2 trillion or more, citing rapidly rising revenue that they claim could make it the largest IPO in history.
WSJ Tech News Briefing · TNB Tech Minute: Tech Giants Team Up To Build AI Cyber Defense AllianceJul 27
Following a recent high-profile hack, a coalition of tech heavyweights is creating a new initiative to develop open-source programs to defend against a new wave of AI-powered cyber threats.