Dutch startup Euclyd has raised $230 million in a funding round co-led by Samsung and several investment funds to develop a new AI inference chip system that aims to compete with Nvidia's GPUs. Founded in 2024, Euclyd is designing a chip with a different architecture focused on reducing energy consumption and costs for AI data centers. The company plans to launch its physical chip systems by 2028 and serve thousands of enterprise customers by 2030. Samsung's involvement brings expertise in memory manufacturing and supply chain support, boosting Euclyd's development efforts amid a growing market for AI hardware alternatives.
At the All-In Summit, Nvidia CEO Jensen Huang received a live phone call from President Donald Trump, which he put on speaker for the audience. The call highlighted their shared stance against slowing AI development, contrasting with some industry le...
During the All-In Summit in Los Angeles, President Donald Trump called Nvidia CEO Jensen Huang on stage, dismissing concerns about artificial intelligence and data center construction as a "hoax." Trump praised data centers as vital economic drivers,...
Nvidia is encountering concerns about a potential slowdown in AI development due to rising fears around AI risks, highlighted by calls from industry leaders to pace AI progress. Despite this, strong structural demand for Nvidia's AI data center produ...
Marvell Technology's stock fell 7% amid concerns over a slowdown in AI infrastructure spending and an expected Federal Reserve rate increase. This decline led a broader sell-off in semiconductor stocks, with Broadcom down 4% and NVIDIA retreating 3%....
In Q2 2026, Baron Global Opportunity Fund's Institutional Shares gained 26.7%, significantly outperforming the MSCI ACWI Index's 14.9% rise. The fund initiated five new positions including Alphabet and Samsung Electronics, and increased holdings in s...
