How OpenAI’s deal with AMD could change the AI chip market Tech Techbehemoth and OpenAI yesterday struck a multi-billion-dollar partnership with chipmaker AMD, committing to purchase up to six gigawatts of the company’s next-generation processors to power new AI data centres. The deal, which will start with AMD’s new ‘MI450’ chip in the second half of 2026, marks a key step in OpenI’s strategy to diversify its [...]
Open AI and AMD challenge Nvidia with multibillion chip deal Tech OpenAI has announced a multi-billion dollar deal with chip giant AMD to build large scale AI data centres – one of the most direct challenges to Nvidia’s dominance in the AI market to date. Under the partnership, OpenAI will buy six gigawatts of AMD’s next generation processors, starting with the MI450 chip launching in 2026. [...]
Exclusive: Nvidia boss tells China ‘We won’t operate where we’re not wanted’ Tech Nvidia chief executive Jensen Huang said he was “disappointed” with China’s internet regulator banning the country’s largest tech firms from buying Nvidia’s AI chips. The quasi-celebrity, leather jacket-wearing billionaire told City AM: “We could only be in service of a market if the country wants us to”. His response follows the Cyberspace Administration of China [...]
Nvidia stock dips despite record quarter as uncertainty spooks markets August 28, 2025 Nvidia’s earnings once again beat expectations last night, but the AI chipmaker’s shares slipped in after-hours trading due to ongoing uncertainty over China. The Silicon Valley-based group, now worth more than $4tn (£3.1tn) reported fiscal second-quarter revenue of $46.7bn, up 56 per cent year on year, with adjusted earnings per share of $1.05. Both figures came in [...]
Nvidia and AMD to pay US 15 per cent cut on China chip sales August 11, 2025 US chipmakers Nvidia and AMD have agreed to hand over 15 per cent of their Chinese revenues to Washington in exchange for the green light to resume sales of high-powered AI chips to the country, in what industry analysts have called an “unprecedented” arrangement. The deal, first reported by the Financial Times, applies to Nvidia’s [...]
London Tech Week: Nvidia’s Jensen Huang and Keir Starmer unveil AI push June 9, 2025 Nvidia chief Jensen Huang and Keir Starmer unveiled a major AI push at London Tech Week this morning. The two figureheads have unveiled a range of changes to boost Britain’s AI infrastructure, research and industrial capacity, to help the UK become an “AI maker, not an AI taker.” US chip maker Nvidia, a leading player [...]
ASML and Nvidia tumble amid US trade tensions April 16, 2025 ASML and Nvidia both took a hit in the markets, falling sharply due to rising concerns about US-China trade tensions and their potential impact on the semiconductor industry. ASML, a critical player in chip manufacturing equipment, dropped 6.5 per cent, while Nvidia saw a 6.3 per cent after hours on Tuesday. The Dutch chip equipment [...]
Chip maker Alphawave’s profit slumps as spending surges September 23, 2024 Shares in Alphawave Semi nosedived 37 per cent after the semiconductor company reported a drop in revenue and profit for the six months to 30 June amid higher spending. The London-listed company said revenue plunged 51 per cent to $91m (£68.3m) in the first half of the year, which it blamed on a change in [...]
How London won round Raspberry Pi May 15, 2024 When RaspberryPi chief Eben Upton boarded a plane to the US late last year, he was 70/30 set on floating his feted computer maker in New York. Now he's floating on the London Stock Exchange. Why?