Microsoft has entered into a $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia's chips. The five-year deal, which includes a 20% prepayment,

Microsoft announced Monday that it has export licenses to ship Nvidia chips to the United Arab Emirates to help boost its artificial intelligence goals.

The tech giant said it is the first company granted an export license by the Trump administration’s Commerce Department to ship AI chips to the UAE.

Microsoft has announced it will ship Nvidia's advanced AI chips to the United Arab Emirates. The U.S. Commerce Department approved the deal in September.

With over $100 million in funding, backed by firms including Peter Thiel’s Founders Fund and General Catalyst, the company is valued at over $1 billion, according to the Wall Street Journal. But industry experts say ASML has a 10-year head start navigating the overwhelming expenses and technical challenges involved in building advanced microchips.

China has increased subsidies that cut energy bills by up to half for some of the country's largest data centres, the Financial Times reported on Monday, citing people familiar with the

Mr. Proud, who became a U.S. citizen in 2019, put together a policy paper for the first Trump administration, calling for a Manhattan Project for U.S. chipmaking. “This is going to be a problem, and it’s going to get worse,” Mr. Proud said he had told administration officials.

(Reuters) -Data center owner and operator IREN said on Monday it has signed a cloud services contract worth about $9.7 billion with Microsoft to provide the tech giant with access to Nvidia's GB300 processors over a five-year period.

Investors have been skeptical about Amazon's artificial-intelligence Trainium chips, according to Bank of America analyst Justin Post, and more information could be on the way when the company hosts its earnings call.

A Maryland high schooler was cuffed by police after AI falsely flagged his bag of chips as a firearm. In bodycam video, a police officer is heard saying: "AI's not the best."

Nvidia partners with South Korea’s government and tech giants to supply 260,000+ GPUs, fueling the nation’s $10B push to become an AI superpower.