Nvidia halved its $250bn promise to OpenAI. Then it showed investors what it owns
Nvidia reduced its financial commitment to a 10GW OpenAI project from the full amount to initially backstopping only half, with a decision on the remainder deferred. A deal could be signed as soon as that weekend.
Read full story →Anthropic’s quarterly revenue passed $11.5bn, up more than 14-fold
Anthropic's second-quarter revenue exceeded $11.5 billion, representing more than 14-fold growth from $787 million in the prior year. The company also reported positive adjusted operating income as it prepares for a public listing.
LG’s humanoid robot arrives in 2027, running Nvidia’s Isaac GR00T
LG will release a bipedal humanoid robot in Q1 2027 powered by Nvidia's Jetson Thor processor and Isaac GR00T foundation model. The companies signed their agreement at Nvidia's Santa Clara headquarters on August 13.
AMD raises $4.75bn in its biggest ever bond sale
AMD sold $4.75 billion in bonds across four tranches with maturities ranging from three to ten years. The company held $13.1 billion in cash against $3.2 billion in debt at the end of June and has committed up to $5 billion to Anthropic.