Wall Street endorses Jensen Huang's "big concept" for AI chips. But Chinese chips could prove a risk if a price war emerges.
Nvidia announces its first open-source AI model, named Nemotron 3.5 Lightning. This is the first model since Huang defended open models.
What you need to know today
Nvidia has tied up with six powerhouses on Wall Street, who are willing to raise $500 billion (and potentially more) for the construction of new AI factories.
However, this path is not without risks. Key to Huang's plan is the assumption that Nvidia's graphics processing units will hold their value over time.
China's rapidly growing production capacity could threaten Nvidia's financing model.
Nvidia is finding a way to continue growing, announcing its first open-source model.
And finally...
Manus announced it will soon resume operating as an independent company after Chinese regulators demanded Meta unwind its $2 billion acquisition.
