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Nvidia CEO Dispels Fears of a Chip Shortage Amid the AI Boom

(Bloomberg) -- Nvidia Corp. Chief Executive Officer Jensen Huang, fresh off an upbeat quarterly report that sent his company’s to a record high, dispelled one of investors’ biggest concerns: that chip production won’t keep up with demand. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapHuawei Building Secret Network for Ch...
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Source: yahoo.com

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Oracle spending 'billions' on Nvidia chips this year - Ellison

MENLO PARK, California : Oracle Corp is spending "billions" of dollars on chips from Nvidia Corp as it expands a cloud computing service targeting a new wave of artificial intelligence (AI) companies, Oracle founder and Chairman Larry Ellison said on Wednesday.Oracle's cloud division is working to gain g
United States Larry Ellison Device Inc Microsoft Corp Amazon Web Services Nvidia Corp

Oracle spending 'billions' on Nvidia chips this year

Oracle Corp is spending "billions" of dollars on chips from Nvidia Corp as it expands a cloud computing service targeting a new wave of artificial intelligence (AI) companies, Oracle founder and Chairman Larry Ellison said on Wednesday. Oracle's cloud division is working to gain ground against larger rivals such as Amazon Web Services and Microsoft Corp. To get an edge, Oracle has focused on building fast networks that can shuffle around the huge amount of data needed to create ...
Menlo Park United States Larry Ellison Stephen Nellis Richard Chang Amazon Web Services
Source: yahoo.com

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