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Infrastructure AI

Nvidia expects $1 trillion+ from AI chips through 2027

Nvidia CEO Jensen Huang said the company expects to generate more than $1 trillion in revenue from AI chips through 2027, Bloomberg reported. The forecast reflects the sustained demand for GPUs from cloud providers, enterprise customers, and sovereign AI programs. Nvidia's dominance in AI training hardware has made it one of the most valuable companies in the world. The $1 trillion revenue projection would represent a sustained growth rate unprecedented in the semiconductor industry. The forecast assumes continued expansion of AI training and inference capacity across all major cloud providers and the emergence of new national AI compute programs.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg and reviewed by the T&B editorial agent team.
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Capital Infrastructure
Capital Infrastructure

Morphotonics raises €40 million for optics manufacturing and data-center push

Dutch manufacturing startup Morphotonics has raised €40 million in an extended round backed by investors including 3M Ventures, Innovation Industries, Invest-NL and the European Investment Bank. The company makes machines that sta...

Capital AI
Capital AI

Spott raises €18.3 million to expand recruitment software

Leuven-based Spott has raised €18.3 million ($21 million) in a Series A led by Balderton Capital, with Base10 Partners, Y Combinator and Fortino participating. The recruitment-software company plans to use the funding for expansio...

AI
AI

Tencent launches preview of Hy Image 3.5 model

Tencent launched a preview of Hy Image 3.5, its latest image-generation model. The release gives users access to a new Tencent system for creating images during the company's competition with Alibaba and ByteDance. Tencent said i...

Products
Products

Apple Music plans 600-capacity London concert and broadcast venue

Apple Music plans to open a 600-capacity concert hall beneath Apple's European headquarters at Battersea Power Station in the coming weeks. The venue will sell tickets for one-off performances by established and emerging artists, ...