China tells its tech companies they can’t buy AI chips from Nivida
After strongly discouraging tech companies from buying Nivdia’s AI chips in August, the country is now banning the practice outright.
Figure reaches $39B valuation in latest funding round
Figure raised more than $1 billion in a Series C round led by Parkway Venture Capital in addition to numerous other investors.
China says Nvidia violated antitrust regulations
China is investigating Nvidia’s 2020 acquisition of Mellanox Technologies as trade tensions between the U.S. and China heat up.
Nvidia unveils new GPU designed for long-context inference
Nvidia’s relentless development cycle has resulted in enormous profits for the company, which brought in $41.1 billion in data center sales in its most recent quarter.
Cloud provider Lambda may be gearing up for an IPO
Lambda, which allows companies to rent GPUs, is reportedly following its rival CoreWeave to the public market.
Nvidia says two mystery customers accounted for 39% of Q2 revenue
Nearly 40% of Nvidia’s second quarter revenue came from just two companies, identified in a filing as “Customer A” and “Customer B.”
Nvidia, Google, and Bill Gates help Commonwealth Fusion Systems raise $863M
Commonwealth Fusion Systems has raised nearly $3 billion to commercialize its fusion power plant. It hopes to send electricity to the grid in the early 2030s.
Nvidia reports record sales as the AI boom continues
Nvidia’s revenue hit $46.7 billion in the second quarter, a 56% increase compared to the same period last year.
TechCrunch Mobility: Waymo’s Big Apple score and Nvidia backs Nuro
Welcome back to TechCrunch Mobility, your hub for news, analysis, and scoops around the future of transportation.
Nvidia reportedly halts production on its H20 AI chips
Beijing is reportedly urging Chinese companies to turn to domestic chips just weeks after Nvidia got the green light to sell in China again.