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Nvidia is about to face its first major threat as rivals target its special sauce
Business Insider
·
1y ago
Medial
Nvidia's dominant position in the AI chip market is being challenged by a consortium formed by tech giants including Qualcomm, Google, and Intel. The consortium, called the UXL Foundation, aims to develop an open-source software that can run on any chip and power various types of AI accelerators. Nvidia's success has largely been attributed to its CUDA software, which allows easy integration of GPUs with AI applications. However, with competitors seeking to create their own versions of CUDA, Nvidia's stronghold is now under threat. The consortium's technology is still in development, but it poses a significant challenge to Nvidia's market dominance.
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Nvidia chases $30 billion custom chip market with new unit
Economic Times
·
1y ago
Medial
Nvidia is establishing a new business unit dedicated to creating customized chips for cloud computing companies and AI processors. The move aims to tap into the growing market for custom AI chips while protecting Nvidia from competitors seeking alternative solutions. As the dominant player in the high-end AI chip market, Nvidia controls roughly 80% of this sector. However, to meet specific needs regarding cost and energy consumption, major customers like Meta and Microsoft have started developing their own internal chips. Nvidia now plans to assist these companies in designing custom AI chips, potentially competing against industry rivals Broadcom and Marvell. Other target markets for Nvidia's custom chips include telecom, automotive, and video games.
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Sauce VC logs final close of third fund at Rs 365 crore
Economic Times
·
1y ago
Medial
Delhi-based venture investor Sauce VC has closed its third fund at INR 365 crore ($49.5 million), surpassing its target of INR 250 crore. The consumer-focused fund has raised capital from domestic investors, including Pratithi Investments, Sharrp Ventures, Singularity Ventures, and Saison Capital. Sauce VC will use the fund to invest in 12-15 early-stage consumer brands, with a focus on pre-revenue companies. The firm has already made investment commitments in segments such as apparel, baby care, personal care, and veterinary care. The fund will also reserve about 75% of the capital for follow-on investments.
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TikTok creators left in limbo while awaiting decision on potential platform ban
Livemint
·
7m ago
Medial
TikTok creators and small business owners face uncertainty as the U.S. Supreme Court deliberates on a potential ban due to national security concerns. The court's decision, pending arguments about First Amendment rights, could significantly impact livelihoods dependent on the platform. While some creators explore other social media options, the threat hasn't incited panic, partly due to past unfulfilled bans. TikTok's influential algorithm and expansive reach, particularly benefiting marginalized groups, remain vital aspects of its appeal.
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AMD’s piece of the AI pie will need to prove sticky
Livemint
·
1y ago
Medial
Advanced Micro Devices (AMD) is facing the challenge of competing with Nvidia in the AI chip market. Nvidia's AI business has rapidly grown, with a fourfold increase in revenue expected by 2025. AMD recently unveiled new AI chips and is targeting sales of $2 billion next year. The company's track record of exceeding sales forecasts gives some confidence in achieving this target. However, AMD's shares fell after the announcement, and the absence of major AI chip buyers like Amazon and Google raises questions about the company's ability to carve out a strong share in the face of well-established competition.
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Nvidia's business practices in EU antitrust spotlight
Economic Times
·
8m ago
Medial
EU antitrust regulators are investigating Nvidia to determine if the company is using product bundling to gain an unfair advantage in the market. The regulators have sent out questionnaires to Nvidia's rivals and customers, asking about any commercial and technical tying of its graphics processing unit (GPU) products. Nvidia, which holds an 84% market share, has previously faced regulatory scrutiny in the EU, US, UK, China, and South Korea. The investigation could potentially lead to fines as high as 10% of Nvidia's global annual turnover. The French antitrust regulator is also reportedly investigating Nvidia separately.
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Neo Asset hits first close of second special situations fund, sets final close target
VCCircle
·
4m ago
Medial
Neo Asset Management, under Peak XV Partners and backed by MUFG Bank, announced the first close of its second special situations fund, having raised around 40% of its target corpus. Known for investments in special situations, performing credit, and infrastructure via different funds, the firm is progressing towards its financial goals.
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Sauce.VC floats third VC fund with target corpus of Rs 250 Cr
Entrackr
·
1y ago
Medial
Consumer-focused early-stage venture capital firm Sauce VC has launched its third fund with a target to raise Rs 250 crore, according to an ET report. Sauce.VC had received clearance from the Securities and Exchange Board of India (Sebi) a few weeks ago for the new fund. The New Delhi-based firm invests in new-age consumer brands and platforms at a pre-revenue or idea stage. To date, it has invested in 21 companies from its two separate funds that were launched in 2019 and 2021. Sauce.VC launched its first fund in 2019 with a target corpus of Rs 60 crore. It launched its second vehicle in 2021 with a fund size of Rs 158 crore. Its latest Sauce Continuity Fund was closed with a corpus of Rs 263 crore. It has already invested in XYXX, The Whole Truth Foods, Mokobara, Innovist, and Supertails from the continuity fund, and has plans to add oral care brand Perfora, ice cream brand Hocco and energy drink Rockit to the list of top-ups.
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Nvidia’s $1 trillion rally has traders primed to ramp back up
Economic Times
·
2m ago
Medial
Nvidia shares have surged, gaining nearly $1 trillion in value following promising earnings that eased investor concerns about US restrictions and AI spending. Despite trade policy fears, Nvidia continues to thrive due to strong demand for its AI chips from major clients like Microsoft and Amazon. Analysts remain optimistic, marking Nvidia as undervalued with significant growth potential. With increasing global AI investments, the company's expansive product pipeline sets the stage for continued market leadership.
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TikTok and its 'secret sauce' caught in US-China tussle
Economic Times
·
1y ago
Medial
As the US continues its campaign to force TikTok to sever ties with its Chinese parent company, Beijing has made it clear that it will not allow the forced sale of the app and its algorithm. Analysts suggest that China fears setting a precedent where a Chinese company is compelled to sell its most valuable assets. The algorithm, seen as the "secret sauce" behind TikTok's success, has been a focal point in discussions surrounding a potential sale. Beijing considers the threat of a forced sale to be akin to "daylight robbery" and vows to protect its interests.
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Struggling Intel names industry veteran Lip-Bu Tan as CEO
Economic Times
·
4m ago
Medial
Intel has appointed industry veteran Lip-Bu Tan as the new CEO to steer the company through its struggles in the AI chip market. Tan, replacing the ousted Pat Gelsinger, emphasizes an engineering-focused approach to rebuild Intel's standing. Despite challenges from rivals like TSMC, Samsung, and Nvidia, Intel plans to take calculated risks to regain a competitive edge. The announcement has positively impacted Intel's shares, reflecting market optimism about Tan's leadership.
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