Artificial Intelligence

Artificial Intelligence
OpenAI eyes record US$1tn IPO in historic market debut
OpenAI, the developer behind ChatGPT, is understood to be eyeballing a share market listing and, with a value north of US$1 trillion (A$1.53 trillion), would be one of the biggest initial public offerings (IPOs) of all time. With a complex restructuring that reduces its reliance on Microsoft now behind it, OpenAI is understood to be looking to tap public markets in an attempt to raise at least US$60 billion, three people familiar with the matter told Reuters on Thursday. While iterations from chief financial officer Sarah Friar suggest the company is aiming for a 2027 listing, there’s growing speculation that the company will file with securities regulators as soon as the second half of 2026. "An IPO is not our focus, so we could not possibly have set a date," an OpenAI spokesperson said. "We are building a durable business and advancing our mission so everyone benefits from AGI." During a staff livestream earlier this week, OpenAI CEO Sam Altman told the market that an IPO is the most likely path for the company given the capital it requires to make larger acquisitions using public stock. Altman is expected to splurge trillions of dollars on building data centres and other forms of AI infrastructure necessary f
Artificial Intelligence
NVIDIA hits US$5 trillion valuation
NVIDIA became the first company valued at US$5 trillion (A$7.63 billion) as its prime position in the engine room of the global artificial intelligence (AI) revolution pushed its share price to record levels. Shares in the American computer chip manufacturer closed $6.13 (3.05%) higher at $207.16 on Wednesday (Thursday AEDT), cementing its position as the most valuable company in the world with a market capitalisation of US$5.03 trillion (A$7.65 trillion). It reached $5 trillion when the price hit $207.86 on the way to a high of $212.05, making the company larger than the economies of Japan and the United Kingdom. “NVIDIA hitting a $5 trillion market cap is more than a milestone; it’s a statement,” Hargreaves Lansdown Senior Equity Analyst Matt Britzman was quoted as saying in a Reuters story. “NVIDIA has gone from chip maker to industry creator. The market continues to underestimate the scale of the opportunity, and NVIDIA remains one of the best ways to play the AI theme.” It passed through $4 trillion barrier just three months ago as demand for its high-performance graphics processors used for AI soars, particularly since the launch in 2022 of the ChatGPT large language model. The share price has increased by
Artificial Intelligence
OpenAI free to go public as handcuffs removed
Technology giant Microsoft and OpenAI have signed a new agreement that allows the ChatGPT maker to more easily raise money and go public. Microsoft said it supported the OpenAI board moving forward with the formation of a public benefit corporation and recapitalisation under which it will own a $135 billion stake representing 27% on a fully diluted basis including all owners. The deal removes limits on OpenAI’s ability to raise capital to fund its growth, which have been in place since the two companies joined forces in 2019, well before the 2022 launch of OpenAI’s popular ChatGPT large language model. It means OpenAI can evolve away from its non-profit status and undertake an initial public offering to fund CEO Sam Altman's plans to develop data centres and cutting-edge technology. Altman will not receive equity in the restructured company and would continue to be paid $76,000 a year, an OpenAI spokesperson said. Microsoft also said OpenAI would buy $250 billion of Azure cloud computing services, but it would no longer have the right of first refusal to provide computing services to OpenAI. “Since 2019, Microsoft and OpenAI have shared a vision to advance artificial intelligence responsibly and make its benefits
Artificial Intelligence
Oracle, Nvidia, DoE sign for world's largest supercomputer
NVIDIA and Oracle have inked a landmark collaboration to build seven supercomputers for the United States Department of Energy, including the world's largest AI supercomputer designed to “revolutionise scientific discovery and dramatically accelerate research productivity”. The ‘Solstice’ system will feature a record-breaking 100,000 Nvidia Blackwell GPUs, while another system, Equinox, will include 10,000 Blackwell GPUs and become available in H1 next year. Both supercomputers will be housed at Argonne National Laboratory and interconnected by Nvidia, delivering a combined 2,200 exaflops of AI performance. What's an exaflop, you might ask? (we did…). Well, just imagine a billion people each holding a billion calculators. If they all hit the equal sign at the same time, they’d execute one exaflop. "Together with Oracle, we're building the Department of Energy's largest supercomputer that will serve as America's engine for discovery, giving researchers access to the most advanced AI infrastructure to drive progress across fields ranging from healthcare research to materials science," Nvidia CEO Jensen Huang said. These supercomputer systems aim to enable scientists and researchers to develop and train new frontier mo
Artificial Intelligence
AMD, DoE to power US$1bn worth of AI supercomputers
AMD and the United States Department of Energy have today revealed a US$1 billion (A$1.53 billion) joint development of two next-generation supercomputers at Oak Ridge National Laboratory on 27 October, designed to expand American dominance in AI and high-performance computing. The Lux AI supercomputer and Discovery supercomputer represent a combined US$1 billion investment of private and public funding. Lux will spin up in early 2026 under a new public-private partnership model, whilst Discovery arrives in 2028 through traditional procurement. "We are proud and honoured to partner with the Department of Energy and Oak Ridge National Laboratory to accelerate America's foundation for science and innovation," AMD CEO Lisa Su said. "Discovery and Lux will leverage our high-performance and AI computing silicon to tackle the most critical U.S. research priorities in science, energy, and medicine." Lux will be the nation's first dedicated AI Factory for science, powered by AMD Instinct MI355X GPUs, EPYC CPUs, and Pensando advanced networking fabric. Co-developed by ORNL, the chip giant, Oracle Cloud Infrastructure, and HPE, the system addresses immediate needs to expand DOE's machine learning capabilities in fusion, fi

Artificial Intelligence
AI boosts big firms’ output as small rivals lag
New research points to a widening productivity gap between smaller companies and their larger counterparts when it comes to the deployment of Artificial Intelligence (AI), with the latter effectively scaling the technology to cut costs tied to human workers using it. According to Wells Fargo analysis, large-cap companies have witnessed steady AI-related productivity gains since the release of OpenAI’s ChatGPT model in 2022 in terms of their real revenue per worker. However, over the same period, the firm found that small-cap names have witnessed a decline in productivity. ″While productivity for the S&P 500 has soared 5.5% since ChatGPT, it’s down 12.3% for the Russell 2000,” Wells Fargo equity strategist Ohsung Kwon wrote in a recent note to clients. “We see other examples of diverging trends in consumer, industrial, and financial markets.” | Nowhere is that divergence in the productivity stakes more evident than in the performance of the S&P 500 versus the Russell 2000 small-cap index. While the broad market index is up 74% since ChatGPT’s 2022 launch, the Russell is up only 39%.Economies of scaleBreakthrough advancements in AI this year have seen the biggest U.S. corporations like Amazon use the technology in
Artificial Intelligence
Qualcomm shares pop as it moves into data centre chips
Qualcomm Technologies shares closed more than 11% higher after it continued its diversification away from the smartphone market with the announcement that it would develop two artificial intelligence (AI) chips for data centres. The American company, the world's largest supplier of modem chips, said the Qualcomm AI200 and AI250 chip-based accelerator cards and racks were expected to be commercially available in 2026 and 2027, respectively. Qualcomm shares (NASDAQ: QCO) closed $18.74 (11.09%) higher at $187.68, capitalising the company at US$202.28 billion (A$308.57 billion). “With Qualcomm AI200 and AI250, we’re redefining what’s possible for rack-scale AI inference,” Senior Vice President and General Manager, Technology Planning, Edge Solutions & Data Center Durga Malladi said in a news release. Qualcomm, whose modem chips allow smartphones to connect to wireless data networks, has been reducing its reliance on the smartphone market and has entered the personal computer market in the last two years. Investment in AI chips has soared as cloud providers, chipmakers, and enterprises rush to build infrastructure capable of supporting complex, large language models, chatbots and other generative AI tools, according to R
Artificial Intelligence
AI boom 2025: $1 TRILLION spent on infrastructure so far
Back on October 1st, I wrote about how infrastructure stocks would become the AI boom's real winners. While everyone obsessed over which chat model would come out on top, the smart money was following the picks-and-shovels plays - the chipmakers, data centres, power grids and the memory that makes AI actually work. Sixteen days later, we can confirm something remarkable: global AI infrastructure spending has crossed US$1 trillion already for 2025. And we did it ahead of schedule, outpacing even the most bullish analyst predictions. It's downright unprecedented. We've witnessed ~$500 billion in new deals and commitments for hard-asset tech since my October 1st piece alone. A casual half a trillion dollars in barely two weeks of coordinated capital deployment across semiconductors, data centres and cloud infrastructure. It's bonkers. The Manhattan Project cost $28 billion in today's dollars. The Apollo Program? $257 billion adjusted for inflation. We're operating at an entirely different scale.Following the money: where the trillion wentHere's what $1.05 trillion in AI infrastructure actually looks like when you break it down:Source: Azzet*Note: This represents only partial energy spending tracked in our analysis. Many a
Artificial Intelligence
WORTH BILLIONS: Anthropic expands Google Cloud TPU deal
Anthropic has confirmed the expanded use of Google Cloud's tensor processing units in a deal worth tens of billions of dollars, the AI startup's largest compute commitment to date. The arrangement grants Anthropic access to up to one million TPUs and will deliver well over a gigawatt of capacity in 2026. Building a one-gigawatt data centre is no small matter, built with a price tag of about US$50 billion, with the bulk of that - around $35 billion - going toward chips. "Anthropic and Google have a longstanding partnership and this latest expansion will help us continue to grow the compute we need to define the frontier of AI," Anthropic chief financial officer Krishna Rao said. "Anthropic's choice to significantly expand its usage of TPUs reflects the strong price-performance and efficiency its teams have seen with TPUs for several years," Google Cloud CEO Thomas Kurian said. "We are continuing to innovate and drive further efficiencies and increased capacity of our TPUs, building on our already mature AI accelerator portfolio, including our seventh generation TPU, Ironwood."Playing both sidesAnthropic's multicloud architecture now spans Google's TPUs, Amazon's custom Trainium chips, and Nvidia's GPUs, with each pla

Artificial Intelligence

OpenAI eyes record US$1tn IPO in historic market debut

NVIDIA hits US$5 trillion valuation

OpenAI free to go public as handcuffs removed

Oracle, Nvidia, DoE sign for world's largest supercomputer

AMD, DoE to power US$1bn worth of AI supercomputers

AI boosts big firms’ output as small rivals lag

Qualcomm shares pop as it moves into data centre chips

AI boom 2025: $1 TRILLION spent on infrastructure so far

WORTH BILLIONS: Anthropic expands Google Cloud TPU deal

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