Nvidia


Finance

Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge

Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.

Tether CEO Paolo Ardoino (Bitfinex)

Markets

The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes

The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week.

Arthur Hayes at Korea Blockchain Week 2023. (Factblock)

Videos

Crypto Bull Market Base Is 'Being Built' as Bitcoin Price Briefly Tops $26.7K: CoinRoutes CEO

Bitcoin (BTC) is paring some earlier gains after topping $26,789 in the last 24-hours. CoinRoutes CEO and co-founder Dave Weisberger discusses his crypto markets analysis and the next catalysts to watch that could move price action. "The bull market's base is being built at these levels rather strongly," Weisberger said. Plus, his AI-related tokens outlook after Nvidia posted its latest quarterly earnings results.

CoinDesk placeholder image

Finance

AI-Related Tokens Hold Gains After Nvidia's Big Beat Solidifies Bullish Outlook

FET, GRT, AGIX are among the artificial intelligence cryptos that traders are following as the chipmaker reports its second quarter results.

(Shutterstock)

Finance

Applied Digital Stock Surges 12% After Announcing Its Third AI Deal

Applied Digital will be deploying HPE's Cray XD supercomputers in its AI cloud service.

https://www.hpe.com/us/en/newsroom/press-release/2023/06/hewlett-packard-enterprise-unveils-ai-cloud-for-large-language-models.html

Markets

AI Crypto Tokens Lose Steam as Post-Nvidia Earnings Hype Wears Off

Render (RNDR) token has risen as a “unique case,” said an analyst.

(Andriy Onufriyenko/GettyImages)

Videos

Nvidia Joins $1 Trillion Club Amid AI Boom

Nvidia's (NVDA) stock is climbing, following the company's latest earnings report. The chipmaker's market capitalization has even surpassed $1 trillion, outpacing companies like Meta and Tesla, according to data from Yahoo Finance. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

Recent Videos

Finance

Nvidia's Blockbuster Outlook Reminds Bitcoin Miners to Give AI a Look

Some BTC miners might find non-mining AI applications too tantalizing to pass up.

Mining rig (Getty Images)

Finance

Here's How Equity Investors Can Play Ethereum’s Merge

It's slim pickings for equity investors looking to trade one of the biggest events in the crypto industry, but there are a few options, including Coinbase and some smaller Canadian companies.

Equity investors have limited choices if they want to trade Ethereum's Merge. (Getty Images)

Finance

Chipmaker Nvidia’s Crypto Mining Chip Revenue Continues to Fall

Sales of Nvidia’s cryptocurrency mining processor were deemed “nominal” for the second straight quarter.

Nvidia CEO Jensen Huang (BagoGames/Flickr)

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