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04.08.26 - 13:02
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Nvidia, Dell Back AI Cloud Startup Volta at $2.4 Billion Value (Bloomberg)
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Volta Infra Holdings Ltd., a new artificial intelligence cloud company, has raised $300 million in venture funding and secured an additional $5 billion worth of financing to help a wider mix of technology companies gain access to costly AI chips. The funding, set to be announced Tuesday, values Volta at $2.4 billion, and was co-led by Andreessen Horowitz and Altimeter Capital. Nvidia Corp. and Michael Dell also participated. Azora, the asset-management firm providing the financing pool from a mi...
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04.08.26 - 12:30
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Has a Chinese physical AI start-up manipulated a global ranking to beat Nvidia? (SCMP)
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A Chinese physical AI start-up's brief claim to global dominance in robotics has run into controversy, underscoring the intense US-China competition to develop next-generation artificial intelligence and the challenges of evaluating autonomous systems.
In June, Spirit AI, a Hangzhou, Zhejiang province-based firm founded in 2024, briefly overtook United States tech giant Nvidia to take the top spot on RoboArena – a global benchmark for physical AI – with its new Spirit v1.6 model, launched at the......
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04.08.26 - 12:01
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SpaceX report, share unlock may sway Hong Kong, mainland China stocks as AI trade recovers (SCMP)
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SpaceX's first earnings report since its listing, together with the coming supply of a large chunk of shares available for public trading, will test the strength of the artificial intelligence trade's recovery, which has driven the S&P 500 within striking distance of its record high and helped Hong Kong equities outperform.
The first set of results from SpaceX as a publicly traded company will be under close scrutiny, with Elon Musk's commercial aerospace unit viewed as a gauge of investors'......
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