Nvidia

Amazon wants Decart, and it’s willing to pay roughly $7 billion for it. The Wall Street Journal reported Sunday that the ecommerce giant is in advanced talks to acquire the Israeli-founded AI startup, citing people familiar with the matter — a deal that would be one of the largest Israeli tech exits ever and one of Amazon’s biggest acquisitions in recent memory. The talks are advanced enough that a deal could come together soon, the Journal said, but nothing is signed and the negotiations could still collapse. ...

Nvidia is talking about buying its way into the open-weight model game. The chipmaker is in early discussions to deepen its investment in Reflection AI — or acquire the startup outright — the Financial Times reported on Saturday, citing people with direct knowledge of the matter. The talks come just five days after Reflection introduced Beam, its first open-weight model, and underscore how aggressively Nvidia is moving beyond selling GPUs into owning the software stack that runs on them. Nvidia has already poured $800 million into the startup as a major strategic backer, according to the FT. ...

The Trump administration secured $2.4 billion in compute and AI commitments from Silicon Valley at the October 8 “Science: A New Golden Age” summit in Washington to expand the Genesis Mission across more than 15 federal agencies. Full story in slides above — Sources: Techstrong.ai, The Straits Times, October 9–10, 2026.

The Financial Times reports OpenAI’s annualized revenue stood near $50B at the end of September, about $20B below the $70B flagged to investors weeks earlier — a gap that sent Nvidia, Oracle, and Asian tech stocks sliding. The company is said to be negotiating a fresh fundraising that could value it near $1.4 trillion, with its IPO now pushed to next year. Sources: Financial Times via AFP/Malay Mail, CNBC, Dubai Telegraph — October 9, 2026. ...

President Donald Trump announced Thursday that eleven tech companies have pledged $2.4 billion in AI tools and computing power to the Trump Genesis Mission, the White House program that puts federal scientific research on national AI infrastructure. The announcement, made at the White House’s “Science: A New Golden Age” summit, is the largest private-sector commitment the administration has lined up for the mission since launching it last November. Nvidia is picking up most of the tab. ...

OpenAI’s real revenue number is $20 billion smaller than Wall Street thought. The market did not take the news well. The Financial Times reported Thursday that OpenAI recently told investors its annualized revenue is nearing $50 billion, not the $70 billion figure that media outlets, including the FT itself, had previously cited based on information from investors. Markets dropped fast: the Nasdaq Composite sank 1.4% on the news, on pace for its worst trading day since July. ...

President Trump will honor Elon Musk and five other tech leaders with the nation’s highest awards for science and technology at today’s “Science: A New Golden Age” summit, per the White House. Full story in slides above — sources: USA Today, AFP via Malay Mail, October 8, 2026.

Microsoft and Nvidia unveiled the Surface Laptop Ultra on October 7, a Windows laptop built around Nvidia’s RTX Spark superchip that Microsoft calls the most powerful Windows laptop to date. It starts at $2,599 with preorders open now and shipping October 16, while a $5,999 Surface RTX Spark Dev Box desktop for developers ships in November. Sources: Barron’s, MarketWatch, Windows Latest, Wccftech, Unite.AI — October 7, 2026.

SpaceX is in talks to raise $40 billion in loans and debt to buy Nvidia AI chips, in one of the biggest AI infrastructure financings ever reported. Full story in slides above — Sources: Financial Times via Reuters, Bloomberg (October 6–7, 2026).

SpaceX wants to borrow $40 billion to buy chips from Nvidia. The Financial Times broke the story late Tuesday, and Bloomberg confirmed the talks with its own sources Wednesday morning, in what would rank among the biggest debt financings of the entire AI buildout. The proposed structure is straightforward, if not modest: roughly $10 billion in bank loans plus $30 billion in investment-grade debt, all to pay for one enormous Nvidia chip order. Apollo Global Management is expected to lead the financing and place the debt with a broad group of investors, with bond giant Pimco among the lenders in discussions. The FT put the expected closing in 2027. ...

Satya Nadella and Jensen Huang just bet the farm on your laptop doing AI’s heavy lifting instead of Microsoft’s cloud. The two CEOs took the stage in San Francisco on October 7 to unveil the Surface Laptop Ultra, a Windows machine built around Nvidia’s RTX Spark chip with up to 128GB of unified memory and 1 petaflop of local AI compute. That’s enough horsepower, Nvidia says, to run 120-billion-parameter AI models entirely on-device, no cloud subscription in sight. Pre-orders opened October 7, with hardware shipping in mid-October pending final regulatory approvals, according to reports. ...

Seven companies now carry an economy-sized footprint. The Magnificent Seven (Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta and Tesla) pushed past $25 trillion in combined market capitalization during Tuesday’s trading session, according to Barron’s, citing Dow Jones Market Data. That makes the group larger than the nominal GDP of every country in the world except the United States. It clears the European Union’s entire $21.2 trillion economy, too. Only the U.S., at roughly $30 trillion, stands above it. China sits at about $19.6 trillion, per the IMF’s World Economic Outlook figures cited by MarketWatch. ...

Nvidia wants Wall Street to start treating its chips like real estate. Two months into the chipmaker’s most ambitious financing experiment, Wall Street is pushing back, and asking Nvidia to put more of its own money on the line. An Oct. 1 Reuters report found lenders want bigger guarantees than Nvidia originally offered before they’ll treat GPUs as reliable long-term collateral. As of that date, zero transactions had closed under the plan, and some bankers are asking for investment-grade customer contracts or a broader Nvidia guarantee before they’ll fund the loans. ...

Reflection AI has unveiled Beam, a 501-billion-parameter open-weight AI model aimed squarely at competing with lower-cost Chinese open models like DeepSeek and Z.ai. The company says Beam matches leading Chinese open models on reasoning benchmarks at 3–4x lower inference compute — though the claims have not yet been independently verified. Sources: Reuters; TechCrunch; RuntimeWire — October 5, 2026.

Three percent. That’s all that’s left of America’s lead over China in artificial intelligence. Top Chinese AI models now trail their US rivals by just 3% on benchmark scores, according to a Bloomberg Intelligence report published Monday, October 5. The gap sat at roughly 9% in May and around 15% earlier this year, and the move followed the September release of DeepSeek’s V4.1 Flash model. Senior analyst Robert Lea, who wrote the report, said the trend points to further market-share gains for Chinese labs. ...

President Donald Trump has a new name for artificial intelligence: “super intelligence.” And on Sunday, one of the industry’s biggest players finally agreed to use it. Elon Musk posted on X that he will rename SpaceXAI to SpaceXSI, following Trump’s push to replace the term “artificial intelligence.” Asked by a user about the renaming, Musk replied: “Yes, we will make that change,” Reuters reported. As of Sunday, the SpaceXAI X account had not yet changed, and Musk gave no timeline. ...

Greg Lui, 38, owner of Earthmade Computer Inc. near Los Angeles, was arrested October 1 on a three-count federal indictment alleging he funneled more than $300 million in export-controlled AI servers to China via Malaysia and Singapore using false paperwork. If convicted, he faces up to 50 years in prison. Sources: U.S. Department of Justice via Digital Watch Observatory, Economic Times (AFP), Lokmat Times (IANS).

The chipmakers are bankrolling their own customers now. Broadcom’s Wall Street syndicate is in the process of assembling $60 billion in fresh financing for AI chips that would benefit Anthropic and other companies, Bloomberg reported on Friday, October 2. The package is split into a $42 billion Class A senior-secured tranche, syndicated among banks including Bank of America, Citigroup, and Morgan Stanley, and an $18 billion Class B junior-debt tranche led by Blackstone, which is committing $9 billion from its own funds and syndicating the rest. ...

Federal agents have arrested a California businessman accused of turning his small server company into a pipeline that funneled more than $300 million in Nvidia AI hardware to China. It is the largest alleged chip-smuggling case the Justice Department has brought in its three-year fight to keep advanced American GPUs out of Chinese hands. Greg Lui, 38, also known as Yiu Kong Lui, was taken into custody on Thursday, Oct. 1. He owns Earthmade Computer Inc., a privately held server reseller based in City of Industry, California. The indictment charges him with conspiracy to violate US export controls, outbound smuggling, and conspiracy to commit money laundering. A conviction on all counts carries a maximum of 50 years in prison. ...

Nvidia is cutting the price of local AI by selling you less of it. The company announced a new 64GB version of its DGX Spark desktop AI computer, priced from $4,999 and shipping October 23 through six hardware partners. That’s $1,000 more than the 128GB model’s original $3,999 launch price, for half the memory. Welcome to 2026, where memory costs have stopped being a footnote and started setting the price of everything. ...