The Mysterious Rise of China's Desert AI Hubs
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Groq and HUMAIN Launch OpenAI's New Open Models Day Zero
Available worldwide with real-time performance, low cost, and local support in Saudi Arabia PALO ALTO, Calif. and RIYADH, Saudi Arabia, Aug. 5, 2025 /CNW/ -- Groq, the pioneer in fast inference, and HUMAIN, a PIF company and Saudi Arabia's leading AI services provider, today announced the immediate availability of OpenAI's two open models on GroqCloud. The launch delivers gpt-oss-120B and gpt-oss-20B with full 128K context, real-time responses, and integrated server-side tools live on Groq's optimized inference platform from day zero. Groq has long supported OpenAI's open-source efforts, including large-scale deployment of Whisper. This launch builds on that foundation, bringing their newest models to production with global access and local support through HUMAIN. "OpenAI is setting a new high performance standard in open source models," said Jonathan Ross, CEO of Groq. "Groq was built to run models like this, fast and affordably, so developers everywhere can use them from day zero. Working with HUMAIN strengthens local access and support in the Kingdom of Saudi Arabia, empowering developers in the region to build smarter and faster." "Groq delivers the unmatched inference speed, scalability, and cost-efficiency we need to bring cutting-edge AI to the Kingdom," said Tareq Amin, CEO at HUMAIN. "Together, we're enabling a new wave of Saudi innovation—powered by the best open-source models and the infrastructure to scale them globally. We're proud to support OpenAI's leadership in open-source AI." Built for full model capabilities To make the most of OpenAI's new models, Groq delivers extended context and built-in tools like code execution and web search. Web search helps provide real-time relevant information, while code execution enables reasoning and complex workflows. Groq's platform delivers these capabilities from day zero with a full 128k token context length. Unmatched price-performance Groq's purpose-built stack delivers the lowest cost per token for OpenAI's new models while maintaining speed and accuracy. gpt-oss-120B is currently running at 500+ t/s and gpt-oss-20B is currently running at 1000+ t/s on GroqCloud. Groq is offering OpenAI's latest open models at the following pricing: gpt-oss-120B: $0.15 / M input tokens and $0.75 / M output tokens gpt-oss-20B: $0.10 / M input tokens and $0.50 / M output tokens Note: For a limited time, tool calls used with OpenAI's open models will not be charged. Learn more at Global from day zero Groq's global data center footprint across North America, Europe, and the Middle East ensures reliable, high-performance AI inference wherever developers operate. Through GroqCloud, OpenAI's open models are now available worldwide with minimal latency. About Groq Groq is the AI inference platform redefining price performance. Its custom-built LPU and cloud have been specifically designed to run powerful models instantly, reliably, and at the lowest cost per token—without compromise. Over 1.9 million developers trust Groq to build fast and scale smarter. Contact: pr-media@ About HUMAIN HUMAIN, a PIF company, is a global artificial intelligence company delivering full-stack AI capabilities across four core areas - next-generation data centers, hyper-performance infrastructure & cloud platforms, advanced AI Models, including the world's most advanced Arabic multimodal LLMs, and transformative AI Solutions that combine deep sector insight with real-world execution. HUMAIN's end-to-end model serves both public and private sector organisations, unlocking exponential value across all industries, driving transformation and strengthening capabilities through human-AI synergies. With a growing portfolio of sector-specific AI products and a core mission to drive IP leadership and talent supremacy world-wide, HUMAIN is engineered for global competitiveness and national distinction. View original content to download multimedia: SOURCE Groq View original content to download multimedia:
Yahoo
9 minutes ago
- Yahoo
1 Agentic AI Stock Getting Crushed for Its Worst Day Ever After Earnings
Agentic artificial intelligence (AI) company Kyndryl (KD) is on pace for its worst daily share price loss on record after its first-quarter fiscal 2026 earnings release. KD stock is down 19.9% this afternoon, easily surpassing its previous record one-day drop of -15.35%, set in May 2022. The tech stock's 20-day and 50-day moving averages recently completed a bearish cross, and today's bearish gap has pushed KD below its 200-day moving average, as well. The stock's 14-day Relative Strength Index (RSI) has dropped all the way to 17.39, deep into oversold territory. More News from Barchart Dear Nvidia Stock Fans, Mark Your Calendars for August 27 Tesla Gains on Elon Musk's New Pay Package. Is TSLA Stock a Buy? Options Traders Expected Palantir Stock's Tamest Earnings Reaction in a Year. Did They Get It Right? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Why is Kyndryl Stock Down Today? The company reported disappointing revenue of $3.74 billion, missing Wall Street's consensus estimate of $3.83 billion, while posting a concerning 2.6% decline on a constant currency basis year-over-year (the consensus called for a modest increase). Despite the revenue challenges, Kyndryl demonstrated notable improvements in profitability metrics, with adjusted EBITDA rising to $647 million and achieving a 17.3% margin, up from $556 million and 14.9% margin in the previous year. The company's strategic initiatives showed promising results, particularly in high-growth segments, with Kyndryl Consult revenue growing 32% to $3.2 billion and hyperscaler-related revenue surging 119% to $1.4 billion. What's Next for Kyndryl? Management maintained its fiscal 2026 guidance, projecting adjusted pretax income of at least $725 million and an adjusted EBITDA margin of approximately 18%. The company's ambitious "triple, double, single" strategy aims to increase adjusted free cash flow to over $1 billion by FY28, with signings following the IBM (IBM) spinoff expected to represent 67% of revenue in FY26 and grow to more than 90% by FY28. However, Kyndryl faces significant industry headwinds in the IT services sector. The company's balance sheet shows $1.5 billion in cash and $3.1 billion in debt, while free cash flow was negative at $222 million for the quarter. Nevertheless, analysts rate the stock a 'Strong Buy' overall, with Oppenheimer calling today's plunge a buying opportunity. Likewise, JPMorgan and Scotiabank have backed their top ratings on KD today. Is KD a Good Buy on the Historic Stock Plunge? Clearly, investors are keying in on top-line weakness over margin improvements. And with mega-cap players still pouring cash into AI growth initiatives, the company's limited investment in new technology capabilities - with only 1-4% of revenue allocated to capex over the last decade - raises concerns about long-term competitiveness. This conservative approach to investment, combined with intense competition, suggests continued pressure on Kyndryl's growth prospects despite its ongoing transformation efforts. While the stock is still up more than 10% from its April lows - which is the last time we saw KD stock this deeply oversold below its 200-day moving average - the relatively high beta suggests that Kyndryl is best reserved for investors with a healthy appetite for risk. This article was created with the support of automated content tools from our partners at Together, our financial data and AI solutions help us to deliver more informed market headline analysis to readers faster than ever. On the date of publication, Elizabeth H. Volk did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
9 minutes ago
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PLTR: Wedbush Sees Palantir Hitting $200 as AI Momentum Turns Explosive
Aug 5 - Palantir Technologies (NASDAQ:PLTR) just delivered another standout quarter, beating expectations on both revenue and outlook. The company's surging momentum in AI continues to impress, and analysts are taking notice. Wedbush reiterated its Outperform rating on the stock and lifted its price target from $160 to $200, citing explosive demand for Palantir's AI products. Warning! GuruFocus has detected 7 Warning Signs with WBD. Leading the charge is Palantir's Artificial Intelligence Platform (AIP), which has seen massive traction, especially in the U.S. commercial segment. That division posted 93% year-over-year growth and now accounts for over 30% of total revenue. Notably, U.S. Commercial Total Contract Value surged 222% to $843 million, while overall contract value climbed 141% to $2.79 billion. Wedbush analysts, led by Daniel Ives, believe Palantir is positioned to become a trillion-dollar company as it evolves into the next Oracle (ORCL) of the AI era. With faster deal cycles and expanding enterprise demand, Palantir looks well-prepared to ride the AI revolution long-term. As AI adoption accelerates, Palantir continues gaining enterprise trust with its robust solutions, and Wall Street is clearly bullish on where this momentum leads. This article first appeared on GuruFocus.
