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AI Weekly: Nvidia does deal with Wall Street, China's AI weather forecasts

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STORY: From Nvidia's deal with Wall Street giants... to China's AI weather forecasting This is AI Weekly. :: AI Weekly Nvidia has partnered with six major financial institutions to launch compute financing platforms. They are aimed at raising over $500 billion in third-party capital for AI infrastructure. Nvidia CEO Jensen Huang said on X the company has the option to backstop up to $125 billion, or 25% of the potential deals. The move highlights how surging demand for AI computing capacity is drawing institutional investors. South Korea will launch a $3.5 billion semiconductor fund targeting promising chip materials, parts, equipment and fabless companies. Seoul says it seeks to accelerate plans for new chip manufacturing hubs across the country. Under the plan, Samsung Electronics, SK Hynix, suppliers and local governments are expected to invest more than $576 billion in new chip manufacturing projects. A French press association has asked the country's competition watchdog to take a...

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AI Weekly: Nvidia does deal with Wall Street, China's AI weather forecasts | Steek AI Signal | Steek