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Nvidia portfolio 80% concentrated in two AI stocks

As of Q2, 80% of Nvidia's investment portfolio was concentrated in two AI-related stocks: SpaceX at 33% and Intel at 47%. SpaceX's Q3 revenue grew 161% year-over-year to $14.6 billion, with AI business revenue up over 800%. The company has said it would rent data center capacity to Anthropic, Google, and others.

The Motley Fool ·

Minotaur shows AI-style reasoning without an LLM or GPU

Minotaur AI described an architecture built on ELC that reasons by measuring rather than predicting, using no language model or GPU, at about a quarter-second per question on one processor core. On blind tests, including a police interview where questions alter a witness's memory, it matched a current language model.

Hacker News ·

AI inference's hidden storage costs: data volumes surge

The storage costs of back-end data from AI inference are often overlooked and grow rapidly with inference scale. WD measurements show an 8-second video with a 3.97MB output file left over 500MB of associated back-end data, a 130x increase. In an IDC survey, nearly 95% of respondents reported data volume growth due to generative AI in the past year. McKinsey projects inference demand will grow at a 35% CAGR through 2030, exceeding 40% of total data center demand.

MIT Technology Review ·

AI recommendations drive discovery, but checkout trust remains a hurdle

PYMNTS Intelligence data shows nearly 45% of AI-shopping consumers purchased from new online stores, and 40% changed where they shop due to AI. Yet Amazon captures nearly 60% of recent AI-assisted purchases, revealing that AI drives discovery but not necessarily checkout conversion. For independent retailers, the opportunity lies in making transactions compelling enough to pull shoppers from trusted marketplaces.

PYMNTS.com ·

Goldman Sachs expands program with AI partners for small businesses

Goldman Sachs announced a $500 million expansion of its 10,000 Small Businesses program, launching a Small Business AI Institute in partnership with Google, Anthropic, OpenAI, and Meta to provide AI training and tools. CEO David Solomon warned of falling behind without embracing technology, while OpenAI CEO Sam Altman predicted an entrepreneurship boom. The article also notes AI-driven inflation, data center backlash, and bubble concerns.

NBC News ·

Denver Council Rejects AI Chatbot Contract Extension

Denver City Council voted 9-3 against a five-year, $3.9 million contract extension with Citibot for its 'Sunny' chatbot. The mayor's office says Sunny, launched in 2024, has about 90% customer satisfaction, handles 72 languages and cut 311 hold times, while opposing council members called for pausing and setting AI boundaries. The contract ends in late October, and the city says it is exploring options to keep Sunny.

Denver7 ·

European Financial Firms Adopt Open Models for Proprietary Intelligence

At GTC Berlin, European financial institutions including Revolut, Starling Bank, Lloyds and bunq showcased proprietary intelligence built on NVIDIA accelerated computing and open weight models. Revolut is rebuilding its stack on foundation model PRAGMA, serving an initial 80 million customers and engineered to scale 3x; Starling Bank trained an agentic model on U.K. sovereign cloud with its own transaction data.

NVIDIA Blog ·

NVIDIA Powers European Retail Digital Transformation

European retailers are using open models and physical intelligence across commerce and fulfillment. Shopify post-trained NVIDIA Nemotron 3.5 Lightning, surpassing a leading frontier model on its internal benchmark while cutting serving costs 90% and delivering 7x faster responses; Zooplus rebuilt product discovery with NVIDIA technology, reaching 86% search accuracy in a prototype.

NVIDIA Blog ·

NVIDIA Earth-2 Adds Open Weather and Climate Models

NVIDIA's Earth-2 platform added StormScope EU, a regional model predicting European cloud conditions every 10 minutes using EUMETSAT satellite data, demonstrated live at GTC Berlin. Organizations including AXA are building on Earth-2, and developers can customize models via the open source PhysicsNeMo framework for regional needs.

NVIDIA Blog ·
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