AIEnergyTechnology

Nvidia Invests in $6 Billion Battery Recycler to Fuel AI Energy Demands

Nvidia’s venture arm joins a major funding round for Redwood Materials, the battery recycling firm founded by Tesla cofounder JB Straubel. The investment aims to tackle energy constraints in AI data centers by converting recycled batteries into grid storage systems, according to reports.

Strategic Investment in Sustainable Energy

Nvidia’s venture capital division has participated in a $350 million funding round for Redwood Materials, according to sources familiar with the deal. The investment reportedly values the battery recycling company at over $6 billion and signals a strategic move to address the growing energy demands of artificial intelligence infrastructure.

AISemiconductorsTechnology

Cambricon CEO’s Wealth Soars Amid US-China Chip Trade War

Chen Tianshi, founder of AI chip startup Cambricon Technologies, has seen his personal wealth increase dramatically during ongoing US-China trade tensions. The company’s stock surged following a quarterly report showing massive revenue growth as China pushes for semiconductor self-sufficiency.

Chinese Chip Executive’s Fortune Rises With Trade War Tensions

The CEO of Chinese artificial intelligence chipmaker Cambricon Technologies has reportedly seen his personal wealth surge by billions of dollars amid escalating trade tensions between the United States and China, according to financial analysts tracking the semiconductor industry.