Qualcomm rival MediaTek jumps 10% after $3.5 billion Nvidia AI chip deal
The two companies will work on integrating Nvidia technology with MediaTek's custom AI chip business as well as other areas such as PCs and cars.
MediaTek's shares jumped 10% following a $3.5 billion deal with Nvidia to integrate Nvidia's technology into MediaTek's custom AI chip business, as well as other areas such as PCs and cars, according to CNBC World.
Separately, AI lab Anthropic has signed a six-year deal worth $35 billion with US-based startup Lambda for access to cloud computing power, a source familiar with the deal told AFP, as reported by New Straits Times and Free Malaysia Today. Lambda will secure access to a data center being built by Hut 8, which Nvidia has invested in.
Anthropic has signed various computing deals worth at least $135 billion this year, and is in a race with AI lab OpenAI to win customers and grow revenue, New Straits Times and Free Malaysia Today reported.
Brief written by urgent.news from CNBC World, New Straits Times, Free Malaysia Today — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
