News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.
Nvidia's Q2 2026 earnings show record revenue of $96.2 billion, up 106% year-over-year, driven by intense AI chip demand. However, the report reveals shrinking margins, heavy customer concentration, and growing financial exposure as Nvidia extends credit and makes massive commitments to support customers' AI infrastructure, raising concerns about circular financing and risk concentration.
Alphabet is developing a new server chip internally called Frozen v2, expected in 2028, to make its Gemini AI models up to 10 times more efficient than current Google AI chips. The chip aims to address AI computing shortages and reduce reliance on Nvidia, boosting investor confidence ahead of earnings.
Anthropic is in early talks with Samsung Electronics to manufacture a custom AI chip, according to The Information. The company has not finalized the chip's design or specifications, and it insists that Nvidia, AWS, and Google remain central to its strategy. The move follows a broader industry trend of AI companies building custom silicon to cut infrastructure costs.
Google has placed an order with Intel to manufacture over three million AI chips for 2028, while Nvidia is testing Intel's manufacturing process for its next-generation Feynman GPU architecture. The moves come as TSMC struggles to keep pace with surging demand for AI chips, giving Intel's foundry business a rare second chance after years of losses. Memory maker SK Hynix is also evaluating Intel's packaging technology.
SpaceX revealed in a regulatory filing that Google will pay $920 million per month for AI computing power, totaling about $30 billion over the contract's duration. The deal grants Google access to 110,000 Nvidia AI chips and comes as SpaceX prepares for a blockbuster initial public offering next week, with a potential valuation exceeding $1.7 trillion.
High-bandwidth memory (HBM) has grown from 52% to 63% of AI chip component spending between Q1 2024 and Q4 2025, according to analysis from Epoch AI. The increase reflects rising memory prices and tight supply, driving up total component costs from $22 billion to $52 billion over the period. Hyperscalers like Microsoft and Meta have adjusted their capex guidance to account for higher component prices.
Cerebras, a Silicon Valley AI chip company, saw its shares open at $350, an 89% rise from its $185 IPO price, giving it a $75 billion valuation. The debut raised at least $5.6 billion and marks the largest public offering this year. It signals upcoming big IPOs from firms like SpaceX, OpenAI, and Anthropic amid AI excitement.
Nvidia chief Jensen Huang boarded Air Force One in Alaska with President Trump for a trip to Beijing after a last-minute invitation. Trump called Huang on Tuesday morning following reports of his absence from the business leaders list. Huang has pushed for a year to sell AI chips to China amid ongoing tensions over such sales.
AI chip company Cerebras Systems plans to list on Nasdaq with ticker CBRS. The firm aims to raise up to $4 billion at a $40 billion valuation in its second IPO push after withdrawing the first filing last October. Shares will price between $115 and $125, with revenue hitting $510 million in 2025 alongside its first profit.
Google Cloud revealed its eighth-generation tensor processing units, divided into TPU 8t for training and TPU 8i for inference. These chips offer up to three times faster model training, 80 percent better performance per dollar, and support for over one million TPUs in a cluster. The company plans to keep Nvidia hardware available while collaborating on networking improvements.
Amazon has raised its investment in Anthropic to $33 billion with an additional up to $25 billion commitment. In response, Anthropic pledged to spend more than $100 billion on AWS technologies over the next decade, including custom AI chips. This deal addresses surging demand for Claude models amid infrastructure challenges and intensifies competition with rivals like OpenAI.
Cerebras, a Silicon Valley AI chip company, filed an investor prospectus on Friday, showing revenue up 75 percent to $510 million and a $238 million profit last year. The move comes amid a surge in tech IPOs from SpaceX, OpenAI, and Anthropic. Previously reliant on one major customer, Cerebras aims to go public after withdrawing an earlier filing.