AI Chips

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Steven Cohen’s Point72 Boosts Nvidia Stake by 74% Amid AI Chip Frenzy While Exiting $300M Amazon Holdings on Valuation Risks

Sunita Somvanshi

The third quarter of 2023 brought fascinating shifts in Steven Cohen’s investment strategy at Point72 Asset Management. The $39 billion ...

OpenAI on a phone.

OpenAI Partners with Broadcom and TSMC for Custom AI Chips, Targets $5B Compute Costs with AMD and Nvidia Amidst 80% Market Hold and 2026 Launch

Rahul Somvanshi

OpenAI has partnered with Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) to develop its first custom AI chip, while adding ...