Topic: ai infrastructure market
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TensorWave Secures $100M to Expand AMD-Powered Cloud Services
TensorWave raised $100 million in funding led by Magnetar and AMD Ventures, bringing total funding to $146.7 million, to expand its AMD-powered cloud services in the competitive AI infrastructure market. Despite rising data center costs and industry concerns about overcapacity, TensorWave project...
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Nvidia Hits $4 Trillion Market Cap First in History
Nvidia became the first company to reach a $4 trillion market valuation, driven by an 18% stock surge in 2024 and rapid growth from $2 trillion to $3 trillion earlier in the year. Analysts credit Nvidia's dominance in AI, powering data centers for major tech firms, with record profits of $18.8 bi...
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