In May 2023, Wall Street, led by Blackstone, raised $7.5 billion for CoreWeave, a startup owning AI chips and data center equipment, marking the rise of GPU-backed loans amid the AI boom. Authored by Douglas French via The Mises Institute, In an innovative twist on collateral lending, AI chips have
Dell, SMC, and Nvidia are collaborating on Elon Musk’s Grok supercomputer project in Memphis, set to be the world’s largest. The venture aims to power the chatbot Grok, with potential implications for AI development. The multibillion-dollar “Gigafactory of Compute” by xAI is being built in Memphis, Tennessee, and is expected
According to data provided by the recruiting website Glassdoor, the best places to work in America in 2024 are Bain & Company and Nvidia. While opinions on the ideal time to hunt for a new job are split, the start of a new year certainly tends to bring with it
CEO approval ratings, collected by the professional social network Blind, reveal who the most popular CEOs in America are What opinions do workers at the biggest American corporations have about the leadership? Pallavi Rao and Marcus Lu of Visual Capitalist use CEO approval ratings collected by the professional social network
Sam Altman might have been kicked out for planning to bring down Nvidia, as he had been visiting the Middle East in order to acquire money for the project, which went by the secret name Tigris. According to those familiar with the situation, Sam Altman was aggressively trying to raise