Julie Chang
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The company said today that they'd build new AI factories on NVIDIA's computing platform technology, operated by CoreWeave, with a goal of 5 gigawatts of capacity by 2030.
NVIDIA already owned a 6.6% stake in CoreWeave, according to FactSet.
The chipmaker's new investment comes amid investor jitters about CoreWeave's model of buying NVIDIA chips using high-interest debt, then renting access to other AI companies.
Concerns about CoreWeave's financing model and a significant delay in one of its data center projects have caused the stock to plunge since October.
The Trump administration plans to take a stake in a rare earth metal company as part of a proposed $1.6 billion funding deal.
USA Rare Earth has a mining project in Texas and plans to manufacture rare earth magnets needed for drones, wind turbines, and other technology in Oklahoma.
The deal is the administration's latest move to bolster the position of the US in critical industries.
Several of those deals have involved the US government taking equity stakes in companies.
And we exclusively report that quantum computing company IonQ has struck a deal to buy chip maker Skywater Technology for roughly $1.8 billion.
The deal is the biggest one yet for IonQ, which has a market value above $16 billion.
IonQ aims to solve problems too difficult for traditional computers across a range of industries, for example, assisting with drug discovery and national defense.
Skywater is a U.S.-based semiconductor foundry serving industries including quantum computing, defense, and aerospace.
IonQ's CEO said the deal would help it become the NVIDIA of quantum.
That's your TNB Tech Minute.
Join us again this afternoon for more.
Here's your afternoon TNB Tech Minute for Thursday, January 22nd.
I'm Julie Chang for The Wall Street Journal.
Elon Musk plans to start selling humanoid robots to the public by the end of 2027.
Musk spoke earlier today at the World Economic Forum in Davos, Switzerland.
His EV company, Tesla, currently has Optimus robots performing basic functions.