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CNBC’s Inside India newsletter: As AI shockwaves hit global software firms, what’s in store for India’s IT titans?
Ai trading concepts. 3D render Blackjack3d | E+ | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story Indian IT stocks are facing their steepest monthly declines since the 2008 global financial crisis, with the […]
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Nvidia, Microsoft back self-driving firm Wayve as it hits $8.6 billion valuation
Autonomous driving company Wayve has hit an $8.6 billion valuation after securing fresh funds from Nvidia, Microsoft and Uber. The $1.2 billion Series D round was led by Eclipse, Balderton and SoftBank Vision Fund 2 and also featured automakers Mercedes-Benz, Nissan and Stellantis. Uber will invest up to an additional $300 million in milestone-based capital. […]
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Why AMD’s megadeal with Meta shows Nvidia is still the best game in town
Advanced Micro Devices inked another monster AI chip sale agreement in its efforts to pry market share from leader Nvidia . But a closer look at the structure of the deal reinforces that Nvidia is still the best game in town. On Tuesday, AMD and fellow Club name Meta Platforms unveiled what they’re calling a […]
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Meta strikes AI chip deal with AMD days after committing to deploy millions of Nvidia GPUs
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026. Bloomberg | Bloomberg | Getty Images A week after Meta committed to using millions of Nvidia’s processors to power its AI expansion, the social media company […]
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Intel partners with AI chip startup SambaNova after acquisition talks reportedly failed
SambaNova Systems Welcomes Semiconductor Industry Veteran, Lip-Bu Tan, in an Operational Role as Executive Chairman Source: Business Wire In addition to running Intel, Lip-Bu Tan is chairman of artificial intelligence chipmaker SambaNova, which he first invested in eight years ago. Now Intel is pumping money into the startup as it tries to take on industry […]
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Dueling PACs take center stage in midterm elections over AI regulation
Assemblyman Alex Bores is interviewed on Monday, May 13, 2024, at the Capitol in Albany, N.Y. Will Waldron | Albany Times Union | Getty Images Two major AI PACs are facing off against each other in a New York congressional race — an early battleground for AI regulation that is set to pump hundreds of […]
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Why India joining this U.S.-led tech alliance could help supply chains
Undersecretary of State Jacob Helberg Convenes The Pax Silica Summit, the first convening of a high level, private gathering focused on economic security and the establishment of a new grouping of partners tailored for the AI economy at Donald J. Trump Institute of Peace on Dec. 12, 2025 in Washington, DC. Tasos Katopodis | Getty […]
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Meta deal for millions of Nvidia chips is big — these 2 charts illustrate why
Meta Platforms ‘ pledge to spend billions of dollars on Nvidia chips is a much-needed shot in the arm for the AI semiconductor giant and its recently middling stock. Nvidia’s scorching multiyear rally had cooled off in recent months, as investor dollars moved into other buzzy corners of the chip market like memory and storage, […]
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Arm shares edge higher in premarket as Nvidia shakes up its AI bets
The replica of the ARM is an electronic chip board during a collaborative ceremony launching a partnership between Malaysia and ARM Holdings in Kuala Lumpur, Malaysia, on March 5, 2025. Hari Anggara | Nurphoto | Getty Images New York-listed shares of British semiconductor firm Arm ticked 1.4% higher in premarket trading on Wednesday, after documents […]
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Huang and Pichai among tech CEOs heading to India for major AI summit in a key market
US President Joe Biden looks on as India’s Prime Minister Narendra Modi speaks during a meeting with senior officials and CEOs of American and Indian companies, in the East Room the White House in Washington, DC, on June 23, 2023. Brendan Smialowski | AFP | Getty Images Big technology executives descend on India this week […]
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