Artificial Intelligence

Artificial Intelligence
Nvidia backs OpenAI US$250bn AI data centre plan
OpenAI is in talks with Nvidia over a potential US$250 billion credit backstop that would help finance the development of a massive artificial intelligence data centre campus in Ohio, according to reports. The proposed arrangement would allow OpenAI to raise debt for a 10-gigawatt data centre project in Pike County, Ohio, using Nvidia's credit strength as support, CNBC reported, citing a person familiar with the discussions. The guarantee would cover lease and construction financing for the facility, but not Nvidia's AI chips, which the companies are negotiating separately, the source said. The Ohio site, which previously operated as a uranium enrichment facility, could become one of the world's largest AI infrastructure projects. A 10-gigawatt facility would require enough electricity to power roughly 8 million U.S. households annually, based on CNBC analysis of Energy Information Administration data. The project could cost more than $500 billion in total, according to a person familiar with the plans, although discussions over the site and financing remain ongoing and could change. OpenAI, which accelerated the AI boom following the launch of ChatGPT in 2022, is racing to secure computing capacity as demand for
Artificial Intelligence
Nvidia secures SK Hynix memory in US$500bn AI push
Nvidia has secured a long-term supply of advanced artificial intelligence (AI) memory from South Korea's SK Hynix as part of a US$500 billion agreement aimed at expanding global AI infrastructure and easing concerns over shortages of critical components. The deal, announced in San Francisco on Friday, includes the construction of large-scale AI data centres expected to begin operating in 2027. Nvidia said the facilities will require around 2 gigawatts of power, underscoring the scale of the project, which is expected to deploy hundreds of thousands of graphics processing units (GPUs). According to the press release, "Today’s announcement builds on the decades-long technology partnership between SK Group and NVIDIA, including the recently announced plans for SK Telecom to build a 2-gigawatt-scale AI Cloud in Korea. "This cloud will use the NVIDIA® DSX™ platform and deploy NVIDIA Vera Rubin accelerated computing powered by SK hynix HBM4, with the first AI factory planned to come online in 2027. "It will be built on the NVIDIA DSX full-stack AI factory architecture, which integrates NVIDIA accelerated computing, systems, software and partner technologies to deliver the lowest token cost at maximum energy efficiency.
Artificial Intelligence
Counting the casualties of conversational AI
Ink. A legacy of language now written in pixels. In the digital age, stories flow into circuits and intelligent code. That code has now manifested a growth in what is called AI psychosis, leading to an increase in suicides. First pass data is in, and it is grim. Since this column last covered the phenomenon, the condition clinicians described anecdotally now has a peer-reviewed literature - and a paper trail lawyers can use.Counting the costsA rapid scoping review published in JMIR Mental Health in March mapped 71 articles describing 36 cases of psychiatric crisis linked to chatbot use - the first systematic count of what United States and Canadian newsrooms had reported piecemeal. Suicide was the most commonly reported outcome, turning up in 35 of the 61 cases the Montreal-based reviewers could grade for severity, with psychiatric hospitalisation next at roughly one in five. Fatal outcomes made up 90.5% of reports involving minors, against 48.6% of those involving adults, and every Character.AI case in the dataset concerned someone under 18. ChatGPT was named in 71.8% of the articles - a statistic that's likely reflecting its market share more than its behaviour. The authors are blunt about their dataset's limits:
Artificial Intelligence
OpenAI appoints two finance leaders to board
OpenAI has appointed two veteran financial services executives to its nonprofit and for-profit boards of directors, strengthening its leadership as the artificial intelligence company moves closer to a potential initial public offering. David Vélez, chief executive of Latin America's largest digital bank Nubank, and Robin Vince, chief executive of financial services company BNY, have joined the boards, OpenAI announced on Tuesday. "David and Robin bring complementary perspectives on how technology can reshape industries and drive economic growth. "Both have led global institutions through significant technological and market change, pairing ambitious innovation with disciplined governance, resilience, and a focus on creating durable value for the people who use their services. "They also bring perspectives that will strengthen the work of the Foundation. Both have strong commitments to philanthropy and nonprofit leadership across healthcare, education, and the arts, as well as decades of experience building institutions that expand access and economic opportunity. " The move comes as OpenAI, which is valued at more than US$850 billion, prepares for a potential stock market listing. The company confidentially filed a
Artificial Intelligence
China's Moonshot ships largest-ever open AI model
Beijing-based Moonshot AI unveiled Kimi K3 on 17 July, a 2.8 trillion-parameter open-weight model the company says matches or beats several leading American systems, at a fraction of the price. The release landed on the eve of Shanghai's World Artificial Intelligence Conference. Moonshot, backed by Alibaba Group Holding and Tencent Holdings, built K3 as the flagship of a three-tier lineup that also includes K2.7 Code, a specialised coding model, and K2.6, a general-purpose option.What K3 actually doesK3 is the largest open-weight model released by anyone to date at 2.8 trillion parameters, more than double the size of its predecessor, Kimi K2, which shipped at 1 trillion parameters in July 2025. Context windows across the three-model lineup run to 256,000 tokens or above, and K3 offers the full 1-million-token version, enough to process an entire codebase or a lengthy document in a single pass. Moonshot claims K3 performs competitively against Anthropic's Fable 5 and beats OpenAI's GPT-5.6 on several published benchmarks, though those figures come from the company itself. An independent ranking on Arena.AI reportedly put K3 at the top of current model performance. The model shows particular strength in front-end

Artificial Intelligence
How falling AI token prices are becoming more expensive
Per-token prices have collapsed since 2022, yet enterprise AI bills keep climbing. And it's the gap between the two where the next phase of the AI trade could be won or lost. Anyone still telling their board that artificial intelligence is getting cheaper has half the story, because at present, the price of a single token - the unit of text a model reads or writes - has been in freefall. McKinsey's Andreessen Horowitz reckons the cost of running a model of equivalent capability drops roughly tenfold every year. Epoch AI, which tracks this more granularly, puts the decline anywhere between ninefold and 900-fold annually depending on the task, with a median around 50 times a year. And yet the bills landing on chief financial officers' desks are getting bigger, not smaller? That's because, in reality, cheaper tokens have not made companies spend less, but instead made them ask the tech to do vastly more, and the cost of finishing a job has climbed even as the cost of each token has fallen. Microsoft chief exec Satya Nadella named this early last year, dusting off a 160-year-old piece of economics - the Jevons paradox, where efficiency gains drive consumption up rather than down. The signal is not the token price
Artificial Intelligence
SK Hynix surges in debut amid investor AI demand
SK hynix Inc shares jumped in their debut on the United States stock market as the South Korean memory chip maker tapped into continued investor enthusiasm for artificial intelligence (AI) companies. In one of the largest foreign share offerings in U.S. market history, the American depositary receipts (ADRs) of SK Hynix rose 13% on their first day of trading on Friday (Saturday AEST) on the NASDAQ market after the company raised US$26.5 billion from investors. The strong initial market performance demonstrates the demand for companies positioned to benefit from the rapid expansion of AI infrastructure and was despite recent weakness in semiconductor stocks. SK hynix’s ADRs (NASDAQ: SKHYV) closed at $168.01, up $19.01 (12.76%) from the $149 offer price, and capitalising the company at US$1.15 trillion (A$1.65 trillion). “I’d like to thank our investors and customers for their trust and support,” Chief Executive O Kwak Noh-Jung said in a news release. “Through continuous innovation, we will push the boundaries of what memory can achieve while empowering our employees to reach even greater accomplishments.” The offering was heavily oversubscribed, reflecting strong appetite from global investors seeking exposure to
Artificial Intelligence
Memory, not speed, defines Apple's next AI chip push
Apple is designing a chip carrying up to 1.5TB of unified memory, roughly double the capacity planned for this year's M5 Ultra, according to Bloomberg's Mark Gurman. Rumour has it the M7 Ultra is due in 2028 and is being engineered to handle workloads closer to dedicated AI accelerators such as Nvidia's Blackwell than to a typical desktop processor. It will underpin a server platform Apple is developing, targeted for roughly 2029, following an earlier M5 Ultra-based server generation expected to arrive first, per a report from MacRumors. However, Apple has no track record selling compute infrastructure at scale. Will it be competing in server hardware requires networking, cooling systems and an orchestration layer that Nvidia, AMD and the major cloud operators have spent a decade refining? Apple's Neural Engine lineage originated in the abandoned Project Titan self-driving program and later migrated into consumer silicon, including the A11 Bionic chip in 2017.Memory bottleneckWhether Apple ships the full 1.5TB configuration depends on the state of the memory market, where a persistent supply shortage has driven component costs higher. The same shortage is reportedly complicating Apple's broader component sourcing
Artificial Intelligence
Apple sues OpenAI over alleged trade secrets theft
Apple has filed a lawsuit in the United States alleging OpenAI orchestrated a campaign to obtain confidential information to accelerate its entry into the consumer hardware market. The lawsuit against OpenAI, which also names two former Apple employees, marks a significant escalation in tensions between the two technology companies that had previously worked closely together. The lawsuit filed in the District Court for the Northern District of California alleges OpenAI systematically acquired Apple's trade secrets through former employees, recruiting practices and supplier relationships. Apple claims the information was used to support OpenAI's efforts to develop artificial intelligence (AI)-powered consumer devices that could eventually compete with products such as Apple’s iPhone. “This case is about Apple’s former employees stealing Apple’s trade secrets for the benefit of OpenAI. Apple brings this suit to put a stop to it,” Apple said in the filing. Apple said significant evidence had emerged suggesting OpenAI employees wrongfully took Apple's secret and confidential information about unreleased technologies, processes and products. "We will always defend our teams' hard work and innovations, and we are takin

Artificial Intelligence

Nvidia backs OpenAI US$250bn AI data centre plan

Nvidia secures SK Hynix memory in US$500bn AI push

Counting the casualties of conversational AI

OpenAI appoints two finance leaders to board

China's Moonshot ships largest-ever open AI model

How falling AI token prices are becoming more expensive

SK Hynix surges in debut amid investor AI demand

Memory, not speed, defines Apple's next AI chip push

Apple sues OpenAI over alleged trade secrets theft

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