Nvidia backstops pricey AI chips

The chipmaker is getting creative to help customers pay for its semiconductors ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Space Exploration Technologies Corp $140.00 -0.9% Nintendo Co Ltd ¥8,900 +6.9% NVIDIA Corp $225.16 -0.1% Market data as of 06:59 PM ET. Data is subject to provider delays. Your watchlist Top Stories Nintendo sales: Global sales of the company’s hit game Pokémon Pokopia have topped 5 million units since its March launch. The game’s popularity may give another jolt to the Switch 2. Social media ban: France’s highest court blocked a ban on social media for children under 15 as an unconstitutional violation of free speech. President Emmanuel Macron intends to keep pressing for the reform. SpaceX-Cursor combination: SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor. It’s a key part of Elon Musk’s bid to gain ground on AI rivals Anthropic and OpenAI. Must Reads Flock CEO Unveils Privacy Guardrails: ‘We’re Not Big Brother’ Flock Safety plans to establish new guardrails for its technology following backlash over allegations that its automated license plate readers are being misused and enabling mass surveillance. OpenAI’s Revenue Run Rate Tops $40 Billion Ahead of IPO OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, according to people familiar with the matter, roughly doubling its run rate from the end of 2025 and bolstering the company’s plans for a Wall Street debut. Anthropic Revenue Surges to Over $11.5 Billion in Second Quarter Anthropic PBC is telling prospective investors its second-quarter revenue jumped at least 14-fold versus the same period a year ago, according to documents seen by Bloomberg News. Beyond The Brief Nvidia has gained the backing of a number of Wall Street’s biggest investors, including Blackrock and Goldman Sachs, to finance $500 billion worth of artificial intelligence infrastructure such as the company’s pricey, market-leading AI chips, Ed Ludlow reports in today’s Tech In Depth. The idea is that these chips have a long, useful life and can be financed like any other big piece of equipment. But that runs somewhat counter to the industry’s typical rhetoric that customers need to upgrade regularly to the newest, fastest, most efficient semiconductors, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Game On Ron Gilbert, the legendary designer behind video games like Monkey Island, has known for a while that he wanted to make a surprise sequel to the 2017 point-and-click adventure Thimbleweed Park. But there was a catch. He needed funding, and he didn’t want to work with a traditional game publisher, Jason Schreier writes in this week’s Game On. Instead, Gilbert found an investor from outside the video game industry — and he is targeting 2028 for the game’s release, Schreier writes. Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier. Before You Go... It’s Never Been More Annoying and Expensive to Be a US Sports Fan Streaming promised to fix everything, but it’s made following your favorite team harder. Here’s how to do it most affordably. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |