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Bitcoin Miner Hive Diversifies Into AI, Acquires 96 Nvidia GPUs to Boost High-Performance Computing Operations

December 16, 2023

On Friday, Hive Digital, based in Vancouver and specializing in bitcoin mining and high-performance computing (HPC), announced its foray into artificial intelligence (AI) and HPC technologies. This strategic move involves acquiring 96 Nvidia H100 graphics processing units (GPUs). From Bitcoin Mining to AI Expansion: Hive Digital Acquires Nvidia GPUs for HPC Enhancement Hive Digital (Nasdaq:…
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Northern Data Subsidiary Bolsters AI Capabilities With $362 Million Nvidia GPU Investment

November 30, 2023

On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of about 8,200 Nvidia H100 Tensor Core Graphics Processing Units (GPUs). These newly acquired units will complement Northern Data’s current collection of artificial intelligence (AI)-oriented hardware, following their previous acquisition of…
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Nvidia posts record $18B third quarter revenue, cites generative AI as primary driver

November 22, 2023

The company posted its record quarter just days after Nvidia stock achieved an all-time high. Nvidia announced third quarter revenue for 2023 in the amount of $18.12 billion, a company record, as the firm’s market cap now reaches $1.22 trillion. The better-than-expected earnings follow a 12-month growth trend during which the company saw earnings increase…
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Microsoft, Salesforce, and Nvidia swoop in to hire OpenAI employees as walkout threats increase

November 21, 2023

OpenAI’s future remains uncertain as employees threaten a walkout over the firing of former CEO and co-founder Sam Altman. OpenAI’s decision to fire CEO Sam Altman may have put the company’s future in jeopardy. Reportedly, a lion’s share of its employees have threatened to walkout unless the ousting is reversed. Complicating matters further, a number…
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Publicly-Listed Bitcoin Miner Bitdeer Expands Into AI With Nvidia

November 10, 2023

Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bitdeer, disclosed its expansion into AI. This strategic move involves providing Nvidia-powered graphics processing unit (GPU) services. Bitdeer Joins Nvidia Partner Network, Eyes Asian Market for AI…
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US expands export controls for AI semiconductor chips to China

October 17, 2023

The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others. The United States Department of Commerce’s Bureau of Industry and Security (BIS) released a notice on Oct. 17 expanding the already existing export controls of artificial intelligence (AI) chips to China. The BIS…
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Chatgpt Maker Openai Mulling Own AI Chips, Report Unveils

October 9, 2023

Openai, the developer of Chatgpt, is considering ways to overcome the shortage of chips needed to power its artificial intelligence (AI) product. One of the options that’s being discussed in the company, according to a recent media report, is to build its own powerful processor. Openai Reportedly Exploring Making In-house AI Chips to Deal With…
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French police raid Nvidia offices amid antitrust investigation: Report

September 29, 2023

The action reportedly came as a part of a general inquiry of French antitrust authorities into the cloud computing sector. Nvidia, one of the global leaders in artificial intelligence (AI) chip production with headquarters in California, reportedly faced a police raid in its French offices this week. The action came as a part of a…
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Tether Dives Into AI Wave With $420M Nvidia GPU Investment Amid Soaring Demand

September 22, 2023

According to a report, Tether, the largest stablecoin issuer by market capitalization, has invested $420 million in 10,000 Nvidia H100 graphics processing units (GPUs). This news emerges during a time of surging demand for artificial intelligence (AI). It also comes after Iris Energy reported in August that its bitcoin mining operation acquired 248 Nvidia H100s.…
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Nvidia AI partner Databricks raises $500M to achieve $43B valuation

September 16, 2023

Capital One also joined the investment round, despite being the top client of rival cloud platform Snowflake. Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500 million from primary investor accounts led by T. Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario…
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