Musk new move: Musk artificial intelligence company xAI is raising up to $6 billion at a valuation of $50 billion. The financing will be completed early next week, with $5 billion expected to come from Middle Eastern sovereign funds and $1 billion from other investors, some of whom may want to reinvest. The financing is likely to be used to purchase 100,000 Nvidia chips for xAI to build a data center in Memphis, Tennessee, USA. The data center is said to be the largest in the world, and in addition to being used to train xAI’s AI chatbot Grok, it also supports Tesla’s fully autonomous driving program (FSD).
Google has launched an artificial intelligence (AI) chatbot app, Google Gemini, on the App Store, bringing its latest generation voice assistant to iOS. The Google Gemini app includes Gemini Live, a voice feature that allows users to have natural conversations with the AI.
Foxconn operations will grow significantly in 2024 and continue to grow in 2025, as major cloud service providers (CSPs) continue to invest in AI construction and driven by trends such as autonomous AI.
Morgan Stanley has turned conservative on the PC semiconductor industry as it sees a dimming outlook for AI-enabled PCs.
Jon Peddie Research (JPR) latest report shows, the global GPU market size is expected to exceed US$98.5 billion in 2024. With the rapid development of artificial intelligence (AI) and supercomputing technology, graphics processing units (GPUs) have become an important part of the global technology industry.
Canalys latest report indicates, AI PC shipments reached 13.3 million units in Q3 2024, accounting for 20% of global PC shipments.
South Korea SK Siltron receives $544 million loan from the United States, aiming to mass produce 8-inch wafers by 2025.
In response to the US GPU export ban, PC Partner, the world’s second largest GPU manufacturer, will move its registered office to Singapore and establish PC Partner Singapore PTE Ltd., which would be listed on the Singapore SGX mainboard on the Nov 15th, 2024 with the stock code “PCT”. The graphics card production line will also be moved from China to Indonesia, allowing graphics card brands such as Zotac, Inno3D, and Manly to launch GeForce RTX 5090 graphics card products and comply with the US Department of Commerce’s high-tech export controls.
Intel outsources more Arrow Lake chip orders to TSMC.
The U.S. Commerce Department said it has finalized approval for $6.6 billion in government grants to TSMC Arizon for its semiconductor production.
