Thinking Machines secures Nvidia investment and chip deal

Thinking Machines Lab secured a major investment and a one-gigawatt chip supply deal from Nvidia. The startup will use the hardware to train new AI models.

Xurve View
Insights:

Thinking Machines Lab, an artificial intelligence startup, announced on Tuesday a multi-year partnership with NVIDIA Corporation that includes a significant capital investment and a deal to procure at least one gigawatt of next-generation processors. Under the agreement, the startup will deploy the upcoming Vera Rubin systems starting early next year to train its advanced AI models. The scale of the deal is historic, as industry experts estimate that one gigawatt of computing power—enough to supply electricity to approximately 750,000 homes in the United States—can cost as much as $50 billion.

An illustration from March 2023 shows a smartphone with the NVIDIA logo on a computer motherboard. REUTERS/Dado Ruvic/Illustration
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.