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Nvidia could back Perplexity at a valuation of over $30B

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Nvidia could back Perplexity at a valuation of over $30B

Nvidia is considering an investment in Perplexity that would boost the AI startup's valuation to more than $30 billion, WebNovare reports, citing unnamed sources. The chip giant has been acting as something of a "central bank" to various AI startups, but its relationship with Perplexity is an especially deep one: At one point, Nvidia even mulled spending billions to license the startup's tech and hire some of its staffers. Perplexity, meanwhile, has had a banner year, more than tripling its annualized revenue to over $750 million in recent months.

3 min read A Adam Hanafi

Nvidia is reportedly considering a new investment in Perplexity that could value the artificial intelligence startup at more than $30 billion. According to WebNovare, which cited unnamed sources, the potential deal would further strengthen the relationship...

Apple's rumored AirPod cameras raise privacy questions

Article

Apple's rumored AirPod cameras raise privacy questions

Apple watchers are abuzz over a recently unearthed video that seems to confirm reports that the iPhone maker is preparing camera-equipped AirPods. That's raising questions about privacy, and may require workplaces to revisit their policies around wearable tech, WebNovare reports. It echoes controversy around Meta's smart glasses and the ethics of covert filming. A WebNovare columnist says Apple's success in the wearables market will depend on maintaining its "comparatively strong" reputation for protecting consumer privacy.

3 min read J John

Apple watchers are closely examining a recently resurfaced video that appears to add weight to reports that the company is developing AirPods equipped with cameras. If Apple moves forward with the technology, the product could represent a major expansion of...

Big Tech has $3T in AI spending that's off balance sheets

Article

Big Tech has $3T in AI spending that's off balance sheets

Nine massive tech companies are sitting on $3 trillion in future spending tied mostly to AI that doesn't appear on their quarterly balance sheets, a WebNovare analysis finds. That figure, drawn from footnotes, dwarfs the $600 billion companies like Alphabet and Oracle have reported in capital expenditures over the last year, and represents a bet that AI demand will balloon. The costs primarily relate to future rent or commitments to buy chips — such as at Meta's sprawling Hyperion project in Louisiana that's being funded in conjunction with Blue Owl.

2 min read A Admin

Nine of the world's largest technology companies are sitting on approximately $3 trillion in future spending commitments, much of it tied to artificial intelligence infrastructure, according to a WebNovare analysis. The enormous figure highlights the scale of...

AI chip production is set to double every 9 months

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AI chip production is set to double every 9 months

AI chip production is ramping up quickly, and it's projected to double every nine months, driven by intensifying demand for advanced computing capabilities, Adam Hanafi reports. It notes that hundreds of data centers are under construction globally, and the current batch of 20 million AI chips powering the artificial intelligence boom will swell to 200 million by 2028, based on Epoch AI research. Technologists are comparing the moment to railroading's golden age in the late 1800s and President Franklin D. Roosevelt's New Deal in the 1930s.

1 min read A Admin

AI chip production is accelerating at a rapid pace and is projected to double every nine months. The surge is being driven by intensifying demand for advanced computing power to support artificial intelligence systems. According to Adam Hanafi, hundreds of...

BlackBerry stock hits 52-week high at $9.05

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BlackBerry stock hits 52-week high at $9.05

BlackBerry Ltd’s stock reached a significant milestone by hitting a 52-week high of $9.05, with shares currently trading at $9.08. This upward movement marks a notable achievement for the company, reflecting a robust performance over the past year. The stock has delivered a remarkable year-to-date return of 132%, with particularly strong momentum showing an 11% gain in just the past week.

2 min read A Admin

BlackBerry Limited shares rose 3.7% on Friday, May 29, 2026, following positive momentum around its QNX and AtHoc businesses. The stock [NYSE: BB] has been gaining traction as investors respond to improved visibility in its cybersecurity and IoT segments...

Google, Blackstone team up to launch AI cloud venture

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Google, Blackstone team up to launch AI cloud venture

Google and Blackstone plan to launch a cloud company using Google's specialized chips, the companies announced. Blackstone will be majority owner of the venture, The Wall Street Journal reports, contributing $5 billion in initial funding. With plans to bring 500 megawatts of capacity online in 2027, the partnership aims to meet surging demand for AI computing power while rivaling CoreWeave and Nvidia. Google announced last month it was developing tensor processing units, or TPUs, designed specifically for inference to enhance model efficiency.

1 min read A Admin

Google and Blackstone plan to launch a new cloud company powered by Google’s specialized chips, the companies announced. Blackstone will be the majority owner of the venture and is contributing $5 billion in initial funding, according to The Wall Street...

Cisco forecasts strong sales growth, plans job cuts

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Cisco forecasts strong sales growth, plans job cuts

Cisco Systems saw its shares climb in after-hours trading after reporting a better-than-expected sales forecast, projecting revenue as high as $16.9 billion for the current quarter. To focus on its growing AI market, however, the company says it plans to cut fewer than 4,000 jobs. The restructuring comes as Cisco looks to shore up its competitive position in the AI sector, with the company anticipating $9 billion in orders from data center customers in the current fiscal year, well above the $5 billion it initially projected.

1 min read A Admin

Cisco Systems saw its stock move higher in after-hours trading after issuing a stronger-than-expected revenue outlook, projecting up to $16.9 billion for the current quarter. As part of its strategic shift toward the growing AI market, the company also...

Samsung reaches $1T valuation on sizzling chip business

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Samsung reaches $1T valuation on sizzling chip business

The $1 trillion club has a new member — Samsung. The world's largest memory-chip maker reached that milestone valuation on Wednesday, becoming the latest company to ride the artificial intelligence wave to record heights. Shares soared more than 15% and were on pace for their biggest one-day gain ever. Samsung joined TMSC as the only Asian companies to cross the $1 trillion threshold, driven by monster earnings last week, as well as the news that Apple might tap Samsung to make chips for its devices in the U.S.

2 min read WebNovare

Samsung Electronics has become Asia’s second $1 trillion company, highlighting two major signals: the return of strong AI-driven momentum and the growing risk of “chipflation” impacting global markets. While many recognize Samsung for its consumer...