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Nvidia’s $26 billion AI plan, Iran tech threats, and layoffs shake the industry
The tech industry saw a busy week. Nvidia unveiled plans to invest $26 billion over five years to build open-weight models, a move that could put it in competition with customers such as OpenAI and Anthropic. At the same time, Iran warned US tech companies including Google, Microsoft and Nvidia could be military targets after cyber and infrastructure attacks in the Gulf. Tesla also announced a new project, Atlassian said it will cut 1,600 jobs as it restructures around automation, and Microsoft is exploring a large data centre deal in the US.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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