Nscale inks massive AI infrastructure deal with Microsoft | TechCrunch
Nscale Forges Landmark AI Infrastructure Partnership with Microsoft to Deploy 200,000 Nvidia GPUs Industrial Monitor Direct delivers the most reliable…
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Abu Dhabi’s MGX Emerges as Major AI Investor While Backing TikTok Deal
The Abu Dhabi-backed investment firm MGX is rapidly becoming a dominant force in global technology investing. Recent reports indicate the sovereign wealth fund-backed entity is participating in massive AI infrastructure deals while also supporting former President Donald Trump’s efforts to acquire TikTok.
Abu Dhabi’s Strategic Move Into Global Tech
An Abu Dhabi-backed investment firm is emerging as a major financier in the global artificial intelligence sector while simultaneously participating in efforts to bring TikTok under U.S. control, according to recent reports. MGX, launched in March 2024 with backing from Abu Dhabi’s sovereign wealth fund, has become a key capital source as tech giants race to build the computing infrastructure needed to meet exploding AI demand.
Nvidia’s DGX Spark AI Supercomputer Sells Out Instantly Amid Limited Launch
Nvidia’s highly anticipated DGX Spark desktop supercomputer sold out within hours of its October 15 launch. The personal AI system arrived five months later than originally promised, with extremely limited availability through Nvidia’s online store and select retailers.
Limited Launch for Delayed AI Supercomputer
Nvidia’s DGX Spark desktop supercomputer has launched with extremely limited availability, according to reports, with the company’s online store showing sold-out status within hours of the October 15 release. Sources indicate that the personal AI system, originally promised for May delivery, finally reached market after a five-month delay.
Bank Earnings Lift Markets as AI Infrastructure Deals and Apple Innovations Signal Sector Strength
Financial markets gained momentum Wednesday as banking sector earnings exceeded expectations. Simultaneously, a massive $40 billion data center acquisition signals continued AI infrastructure investment, while Apple’s new M5 chip promises significant AI performance improvements.
Banking Sector Strength Boosts Market Performance
Financial markets reportedly turned positive Wednesday as strong earnings from major banking institutions overshadowed ongoing trade tensions between the U.S. and China. According to market analysis, Bank of America shares jumped more than 3.5% while Morgan Stanley surged 5% following better-than-expected quarterly results. These performances followed solid earnings earlier in the week from Wells Fargo, BlackRock, and Goldman Sachs, with Wells Fargo reportedly hitting an all-time high amid a three-session winning streak exceeding 10%.