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News on Medial
Dell, Super Micro providing server racks for xAI's supercomputer
Economic Times
·
1y ago
Medial
Elon Musk's artificial intelligence startup, xAI, is partnering with Dell Technologies and Super Micro Computer to build a supercomputer. Musk announced on social media that Dell will assemble half of the server racks for the supercomputer, while Super Micro will provide the other half. This collaboration aims to power the next version of xAI's AI chatbot, Grok. The training of AI models like Grok requires a large number of power-hungry chips, which are in short supply. Musk plans to have the supercomputer operational by the fall of 2025.
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Nvidia loses top spot to Microsoft after 3% drop
Economic Times
·
1y ago
Medial
Nvidia's shares fell by 3.4% on Thursday, causing Microsoft to regain its position as the world's most valuable company. Nvidia's market capitalization dropped by around $91 billion, while Microsoft's also slipped. Nvidia, Microsoft, and Apple are competing to be the top company, with Apple's market capitalization at $3.22 trillion. Meanwhile, Elon Musk revealed that Dell and Super Micro are supplying server racks for his xAI startup's supercomputer, which relies on Nvidia chips. Nvidia's stock price has almost tripled this year, and Super Micro and Dell have seen significant increases as well.
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Elon Musk's xAI plans massive expansion of AI supercomputer in Memphis
Economic Times
·
7m ago
Medial
Elon Musk's AI startup, xAI, is expanding its Memphis supercomputer, Colossus, to accommodate one million graphics processing units (GPUs) for training its chatbot, Grok. The move includes partnerships with Nvidia, Dell, and Super Micro, who will establish operations in Memphis. This expansion aims to strengthen xAI's competition against rivals like OpenAI. However, the environmental impact of scaling up data centers has raised concerns, with activists questioning xAI's energy consumption and compliance with air permits for powering the supercomputer. Additionally, Musk has furthered his legal battle against OpenAI, accusing the company and Microsoft of attempting to monopolize the AI market.
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Nvidia’s AI boom brings riches to partners like Dell, at a cost
Economic Times
·
4m ago
Medial
The booming AI market is boosting sales for server makers like Dell, Hewlett Packard Enterprise, and Super Micro, primarily driven by Nvidia's AI technology. However, these companies are facing shrinking profit margins due to Nvidia's significant control over AI components and pricing. Nvidia’s influence allows it to dictate terms, often taking opportunities from partners, like in the Dell-xAI deal. Despite these challenges, partnerships with Nvidia still present growth opportunities in the expanding AI server market.
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US prompts Nvidia probe into how chips ended up in China: reports
Economic Times
·
6m ago
Medial
The US Department of Commerce has asked Nvidia to investigate how its products ended up in China, according to The Information. Nvidia has requested major distributors like Super Micro Computer and Dell Technologies to conduct checks on their customers in Southeast Asia. Smugglers have been able to evade detection during recent inspections by Super Micro, with some altering serial numbers of servers that contain Nvidia chips. Nvidia has stressed the importance of adhering to export control restrictions, while Dell and Super Micro have stated their commitment to following regulations. The US government has been cracking down on chip exports to China, including banning the sale of high-end AI chips.
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China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Economic Times
·
1y ago
Medial
Despite the U.S. ban on selling advanced Nvidia artificial intelligence chips to China, recent tender documents reveal that Chinese universities and research institutes acquired these chips through domestic resellers. The review of tender documents showed that 10 Chinese entities obtained Nvidia chips embedded in server products made by Super Micro Computer Inc., Dell Technologies Inc., and Taiwan's Gigabyte Technology Co Ltd. While the U.S. bars direct sales to China, the sale and purchase of the chips within China is not illegal. Both Nvidia and the server makers claim that the products were exported and available before the export control restrictions were tightened.
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Super Micro Computer gets extension to file delayed annual report
Economic Times
·
7m ago
Medial
Super Micro Computer has been granted an extension by Nasdaq until February 25 to file its delayed annual and quarterly reports. The AI server maker recently appointed BDO USA as its auditor and submitted a compliance plan to the stock exchange, aiming to file its reports by the deadline. Super Micro's shares saw a 5% increase in after-hours trading following the news. The company highlighted strong demand for its AI servers with liquid cooling technology, which are being sought after by enterprises for powering AI applications. Additionally, Super Micro has initiated a search for a new finance chief based on recommendations from a special committee investigating its accounting practices.
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Musk's xAI, Oracle end talks on $10 billion server deal: report
Economic Times
·
1y ago
Medial
Elon Musk's startup xAI and Oracle have ended talks on a potential $10 billion server deal. xAI had been renting AI chips from Nvidia through a previous arrangement with Oracle. However, xAI is now developing its own system using Nvidia's H100 graphics processing units. Talks for a multi-year agreement to rent Nvidia processors from Oracle were halted due to issues such as Musk's desire to build a supercomputer faster than Oracle believed possible, as well as concerns about inadequate power supply in xAI's preferred location. Oracle and Musk's representatives have not yet commented on the matter.
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Hewlett Packard Enterprise secures $1 billion AI server deal for Elon Musk's X, Bloomberg News reports
Economic Times
·
6m ago
Medial
Hewlett Packard Enterprise secured a deal over $1 billion to supply AI-optimized servers to Elon Musk's X, as reported by Bloomberg News. The agreement, reached last year, saw competition from Dell Technologies and Super Micro Computer. AI servers are in high demand as companies seek hardware for AI applications. Musk's ventures, like Tesla and xAI, are key customers. HPE shares gained 1% following the announcement.
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Nvidia closes with $2 trillion valuation as Dell stokes AI rally
Economic Times
·
1y ago
Medial
Nvidia achieved a milestone as its stock market value closed above $2 trillion for the first time on Friday. The surge was fueled by an optimistic forecast from Dell Technologies, which uses Nvidia's processors in its high-end servers. Dell's positive outlook, indicating a surge in orders for its AI-optimized servers, caused its shares to jump by 32% and Nvidia's stock to rise by 4%. This elevated Nvidia to become the third most valuable company on Wall Street, behind Microsoft and Apple. Other chipmakers, including Super Micro Computer, Broadcom, Marvell Technology, and Advanced Micro Devices, also experienced record-high rallies.
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Elon Musk claims he is training “the world’s most powerful AI by every metric”
Arstechnica
·
11m ago
Medial
Elon Musk has announced the launch of xAI's "Memphis Supercluster," which aims to be the world's most powerful AI training cluster. The supercomputer facility in Memphis, Tennessee, features 100,000 liquid-cooled H100 GPUs, providing xAI with a significant advantage in AI training. However, concerns have been raised about the facility's impact on the power grid and infrastructure. To address these concerns, xAI has installed natural gas generators as a temporary solution. The project is set to undergo further public scrutiny through MLGW's planned public forums.
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