ai investment

Auto Added by WPeMatico

Banner for AI & Big Data Expo by TechEx events.

A quarter of Nvidia’s business next year comes from labs it is financing

Nvidia has put nearly US$50 billion into the AI labs that buy its chips, and has lined up commitments for more than $500 billion Colette Kress, the company’s chief financial officer, told analysts on August 26 that demand from the labs Nvidia backs with its own balance sheet will contribute toward roughly a quarter of its business […]

A quarter of Nvidia’s business next year comes from labs it is financing Read More »

MEITY Approves 22 Proposals With ₹41,863 Cr Investment Under ECMS

The Ministry of Electronics and Information Technology (MeitY) has given green-lighted 22 new proposals under the third phase of the Electronics Components Manufacturing Scheme (ECMS).  This involves a projected investment of ₹41,863 crore and an anticipated production value of ₹2,58,152 crore, according to a note shared with media representatives on January 1, bringing the total

MEITY Approves 22 Proposals With ₹41,863 Cr Investment Under ECMS Read More »