✉news TechnologyAI first seen 3 h ago, last 33 min ago, peak #23
Samsung to invest $1 billion in AI infrastructure firm
Original: Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung is investing $1 billion in an AI infrastructure company backed by Nvidia and KKR, according to CNBC. The deal adds Samsung to a growing list of major tech and finance firms funding the data centers and computing power needed to run artificial intelligence services. It reflects continued heavy corporate spending on AI capacity despite concerns about the pace and sustainability of that investment.
Why now: Major tech companies keep making large AI infrastructure investments, drawing attention to where the next round of funding is going.
Evidence
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