China’s GPU company Lisuan Technology, based in Shanghai, has averted the crisis of bankruptcy, as it secures around 328 million yuan (nearly USD 46 billion) in financing from domestic NAND/ DRAM manufacturer Dosilicon and others, according to a report by Chinese media outlet Sina. On August 20...

On August 19, AMD announced its acquisition of ZT Systems, a cloud computing and AI data center equipment designer, for a total value of USD 4.9 billion. This move is intended to strengthen AMD's AI computing capabilities, while hinting at its challenge to NVIDIA's dominance in the AI market. AMD...

As global competition heats up in the AI sector, an emerging power has now joining the battlefield. Ola, an automotive manufacturer in India, plans to launch the country’s first in-house AI chip by 2026, which is based on ARM architecture, according to a report by Wccftech. Though there are mor...

As per a report from Reuters, South Korea's SK Telecom-backed AI chip startup Sapeon Korea and KT-invested startup Rebellions have officially announced their merger. The combined entity is expected to be established by the end of 2024, with the merger projected to create a business valued at over...

At its earnings call on August 14th, Taiwanese tech giant Foxconn addressed the progress of the highly anticipated launch of NVIDIA's next-generation AI server, the GB200. According to a report by Commercial Times, Foxconn confirmed that the development of the server cabinets is on schedule, ...