Business Insights

SoftBank is Nvidia's First Blackwell Chips Customer

Kenneth Metral

Nov 13, 2024 — 1 min read

Image Credit: Blackwell Chip/Nvidia Corporation

SoftBank has announced it will be the first to deploy Nvidia's latest Blackwell chips to power an AI-driven supercomputer in Japan. The companies aim to launch this supercomputer in early 2025, positioning it as the nation’s most powerful AI system. According to Nvidia CEO Jensen Huang, the system will support generative AI development and become an extensive resource for local research and industry.

Beyond the supercomputer, SoftBank and Nvidia are also collaborating on AI-driven services for 5G networks and establishing a marketplace for AI computing resources. This move underscores Japan's ambition to enhance its presence in global AI innovation.

FTC Investigates Microsoft’s Cloud Practices

The Federal Trade Commission (FTC) is preparing to investigate Microsoft's cloud computing business over potential anti-competitive practices. The inquiry focuses on allegations that Microsoft may be using its market dominance in productivity software to enforce restrictive licensing terms, making it difficult for customers to move their data from

Advance Auto Parts Closes 700+ Stores

Advance Auto Parts has announced plans to close over 700 locations as part of a strategic initiative to enhance sales performance and adapt to changing consumer habits. The closures will affect 523 corporate stores, 204 independent locations, and four distribution centers across the United States. This decision follows a comprehensive

Disney Expects Higher Earnings as Streaming Grows

The Walt Disney Company reported strong fiscal fourth-quarter results for 2024, surpassing Wall Street expectations and highlighting significant growth in its streaming and film divisions. Financial Highlights * Earnings Per Share (EPS): Adjusted EPS rose by 39% to $1.14, exceeding analyst projections. * Revenue: The company generated $22.57 billion in

The Onion Acquires Infowars

In a surprising development, the satirical news outlet The Onion has acquired Infowars, the far-right conspiracy website founded by Alex Jones, through a bankruptcy auction. This acquisition, supported by the families of the Sandy Hook Elementary School shooting victims, aims to transform Infowars from a platform known for spreading misinformation

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FTC Investigates Microsoft’s Cloud Practices

Advance Auto Parts Closes 700+ Stores

Disney Expects Higher Earnings as Streaming Grows

The Onion Acquires Infowars