Cloud infrastructure company QumulusAI has secured a significant credit line of $500 million to invest in the acquisition of powerful GPU equipment clusters. This financing, facilitated by Permian […]
QumulusAI Secures $500 Million Credit Line for GPU Expansion
Cloud infrastructure provider QumulusAI has secured a substantial $500 million credit line, enabling them to invest in additional GPU equipment clusters. This financing comes through a collaboration with […]
IREN Stock Soars as AI Cloud Contracts Fuel Growth
Shares of IREN Limited (NASDAQ:IREN) surged in premarket trading, fueled by new multi-year AI cloud deals featuring NVIDIA Blackwell GPU deployments. The company’s stock jumped 10.01% to $63.53 […]
AMD Soars on Partnership with OpenAI, Reaches New All-Time High
Advanced Micro Devices (AMD) saw its stock skyrocket more than 20% in premarket trading on Monday, October 6, 2025, following a landmark partnership announcement with OpenAI. The multi-year […]
Nebius Secures $17.4B GPU Deal with Microsoft, Signaling Shift in Mining Focus
Nebius Group’s monumental $17.4 billion agreement to supply Microsoft with graphics processing units (GPUs) over the next five years has sent shockwaves through both the crypto and tech […]
A16z Unleashes Ultra-Powerful AI Workstation Powered by NVIDIA Blackwell GPUs
Facing challenges with computation resources in the age of expansive datasets and foundation models is a growing hurdle for developers and researchers. While cloud computing offers scalability, many […]
IREN Doubles AI Cloud Power with Major GPU Acquisition
Nasdaq-listed company IREN has significantly expanded its AI cloud capabilities through a major investment in NVIDIA GPUs. The company acquired 4,200 NVIDIA Blackwell architecture GPUs for $193 million, […]
Injective and Squaretower Partner to Launch On-Chain GPU Rental Market
Injective has partnered with Squaretower, a leader in power market development, to launch a new on-chain trading platform for hourly rental rates of Nvidia H100 GPUs. This innovative […]
Spheron Network: Decentralizing AI Power to Fuel the Future of Innovation
Artificial intelligence (AI) is revolutionizing technology, with applications ranging from language models to scientific simulations. This surge in demand for computational power underscores a crucial need for accessible […]
Single GPU AI Model Revolutionizes Reasoning with DeepSeek’s New R1-0528-Qwen3-8B
The pursuit of advanced artificial intelligence (AI) often demands massive computational resources. Traditional AI models typically rely on powerful GPUs and large infrastructure, limiting accessibility for many researchers […]
Korean GameTech Giant MetaCene Secures Record $500M GPU Shipment After Months of Delays
A breakthrough for the Asian gaming industry has occurred as Korean-based company MetaCene has finally obtained access to its massive shipment of Nvidia A100 GPUs after a prolonged […]
Nvidia Faces Possible Chinese Sales Ban, Impacting Stock Prices
Concerns about potential restrictions on Nvidia’s GeForce RTX 5090D graphics cards in China are impacting stock prices as the company prepares for possible government action on AI-powered chips. […]
OpenAI Faces GPU Resource Constraints: Potential Service Disruptions
OpenAI’s CEO, Sam Altman, recently disclosed on X (formerly Twitter) that the company faces significant challenges in securing sufficient graphics processing unit (GPU) resources. This constraint could lead […]