Author: Advanced AI Bot

By Stephen Nellis and Max A. Cherney SAN FRANCISCO/TAIPEI (Reuters) -Nvidia announced a new software platform on Monday that will create a marketplace for cloud-based artificial intelligence chips. Nvidia’s graphics processors, or GPUs, dominate the market for training AI models and a raft of new cloud players called “neoclouds” such as CoreWeave and Nebius Group have emerged to specialize in renting out Nvidia’s chips to software developers. The Santa Clara, California-based company announced the new tool called Lepton that lets cloud computing companies sell GPU capacity in one spot. In addition to CoreWeave and Nebius, other firms joining the Lepton…

TAIPEI (Reuters) -Wherever AI darling Nvidia’s (NVDA) CEO Jensen Huang goes in Taiwan, his adoring fans and excited reporters follow, hanging on his every word, arms outstretched as they beseech him to sign books, posters and even baseballs. Huang, born in Taiwan’s historic capital of Tainan before migrating to the United States when he was nine, is visiting Taipei this week for the annual Computex trade show, and his every move has been watched since his private jet touched down on Friday afternoon. Nvidia’s Huang sparks ‘Jensanity’ in Taiwan with AI hero’s welcome “Jensen I love you!” one woman shouted…

By Max A. Cherney TAIPEI (Reuters) -Nvidia (NVDA) chief executive Jensen Huang is set to open the Computex trade show in Taiwan on Monday, where he is expected to discuss the company’s advancements in artificial intelligence server systems, cloud computing products and robotics. Huang’s 90-minute presentation will start at 11:00 a.m. (0300 GMT) at the Taipei Music Hall. Once primarily focused on the PC industry, the Santa Clara, California-based company has used its presence at Computex to launch new graphics cards for video games. Earlier this year, Nvidia unveiled a new line of graphics chips at the CES show in…

By Federico Maccioni, Manya Saini and Yousef Saba DUBAI (Reuters) -The United Arab Emirates and the United States have signed an agreement for the Gulf country to build the largest artificial intelligence campus outside the United States, a type of deal that previously faced restrictions over Washington’s concerns that China could access the technology. The countries did not say which AI chips from Nvidia or other companies could be included in UAE data centres, but sources had said a deal would give the Gulf country expanded access to advanced AI chips. Nvidia Chief Executive Jensen Huang was seen in televised…

By Echo Wang NEW YORK (Reuters) -AI startup Cohere has doubled its annualized revenue since the beginning of the year, driven by growing demand for secure, customized AI tools among enterprise clients in regulated sectors, the company told Reuters. The company has crossed an annualized revenue of $100 million as of May 2025, according to one person familiar with the matter. A Cohere spokesperson declined to comment on the financials. The growth followed a strategic shift in the third quarter of 2024 with a focus on private deployments tailored for customers in sectors such as finance, healthcare and government. Chief…

By Wen-Yee Lee TAIPEI (Reuters) – At Taiwan’s annual Computex trade show next week, the spotlight is expected to fall, once again, on Nvidia CEO Jensen Huang and the latest in artificial intelligence, but also on the potential destablising impact of higher U.S. tariffs. Huang, who last year sparked “Jensanity” from avid fans at the fair, Qualcomm CEO Cristiano Amon and Foxconn Chairman Young Liu will be among top executives attending. Computex, which runs May 20-23 and is expected to have 1,400 exhibitors, marks the first major gathering of computer and chip bosses in Asia since U.S. President Donald Trump…

(Reuters) – Advanced Micro Devices on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based company rose as much as 6.4%. Its shares have fallen more than 6% so far this year, compared with a less than 1% drop for the benchmark Philadelphia Semiconductor Index. The buyback, which boosts its total repurchase authority to about $10 billion, comes just a day after AMD announced a deal with Humain,…

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, is expected to report on Wednesday that first-quarter profit leapt 72% on continued strong demand for artificial intelligence servers. Net profit for January-March for Apple’s top iPhone assembler and Nvidia’s server maker likely came in at T$37.8 billion ($1.25 billion), according to an LSEG consensus estimate of 13 analysts, versus T$22.01 billion a year earlier. Foxconn, formally called Hon Hai Precision Industry, said last month that its first-quarter revenue jumped 24.2% to a record for that quarter on strong sales of AI servers. But global trade uncertainty could dim the…

RIYADH (Reuters) -The United States does not need to block the global spread of its AI chips and technology to manage national security risks, a White House official said on Tuesday, signalling a more open stance on exports to trusted allies such as Saudi Arabia. David Sacks, the White House’s AI and crypto czar, made his comments in Riyadh days after Washington announced plans to rescind and modify a Biden-era regulation that would limit global access to artificial-intelligence chips. “The Trump administration has just announced that we will be rescinding what’s known as the Biden diffusion rule… it literally restricted…

By Jaspreet Singh (Reuters) -Pinterest forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 16% in extended trading. Despite uncertainty over marketing budgets, the company’s emphasis on direct response ads — designed to prompt specific actions like shopping, app downloads or website visits — continues to drive ad spend. Pinterest’s results came after the termination of a duty-free import loophole in the U.S., which, combined with deepening trade tensions, has constrained ad budgets for some social media platforms. Finance chief Julia Donnelly said…