Latest news with #NvidiaChips
Reuters
23-05-2025
- Business
- Reuters
Oracle to buy $40 billion of Nvidia chips for OpenAI's US data center, FT reports
May 23 (Reuters) - Oracle (ORCL.N), opens new tab will spend around $40 billion on Nvidia's (NVDA.O), opens new tab higher-performance chips to power OpenAI's new U.S. data center, the Financial Times reported on Friday. The cloud service provider will purchase around 400,000 of Nvidia's most powerful GB200 chips and lease the computing power to OpenAI, the report said, citing several people familiar with the matter. OpenAI, Nvidia and Oracle did not immediately respond to Reuters' requests for comment. The data center is a part of the U.S. Stargate project, led by top AI firms in the country, to boost America's heft in the artificial intelligence industry amid heating global competition.
CNA
13-05-2025
- Business
- CNA
US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports
The Trump administration is weighing a deal that would allow the UAE to import more than a million advanced Nvidia chips, a quantity that far exceeds limits under Biden-era AI chip regulations, Bloomberg News reported on Tuesday. The deal, which is still being negotiated and could change, would let the UAE import 500,000 of the most advanced chips on the market each year from now to 2027, the report said, citing people familiar with the matter. While one-fifth would be set aside for the Abu Dhabi AI firm G42, the rest will go to U.S. companies building data centers in the Gulf nation, according to the report.
