Yazılar

US Servers in Singapore Fraud Case May Contain Nvidia Chips, Minister Says

/in /tarafından

Servers involved in a fraud case recently announced by Singapore were supplied by U.S. firms and may contain advanced Nvidia chips, Singapore’s Home Affairs and Law Minister K Shanmugam said on Monday.

Three men, including a Chinese national, were charged last week in Singapore with fraud linked to these servers. The servers, supplied by Dell Technologies and Super Micro Computer to companies based in Singapore, were then sent to Malaysia, though it is unclear if Malaysia was the final destination.

Shanmugam noted the authorities are investigating the case independently following an anonymous tip-off. Singapore has asked U.S. officials to confirm if the servers contained U.S. export-controlled items and expressed willingness to cooperate in any joint investigation.

This case is part of a broader investigation involving 22 individuals and companies suspected of false representation, amid concerns over organized smuggling of AI chips, particularly to China. The U.S. is probing whether Chinese company DeepSeek used U.S. chips prohibited from export to China. Earlier reports revealed that Chinese research institutions obtained Nvidia’s advanced AI chips embedded in servers made by Dell, Super Micro, and Gigabyte Technology.

Singapore is Nvidia’s second-largest market after the U.S., accounting for 18% of Nvidia’s latest fiscal year revenue, though actual shipments to Singapore represent less than 2% since the country functions largely as an invoicing hub.

Some AI industry figures, like Scale AI CEO Alexandr Wang, allege DeepSeek has as many as 50,000 higher-end Nvidia chips banned for export to China, though these claims remain unverified. DeepSeek stated it legally purchased Nvidia H800 chips in 2023 and disclosed use of Nvidia A100 chips in its supercomputing AI cluster.

Dell stated it enforces strict trade compliance and takes action if customers violate obligations but declined further comment due to the ongoing investigation. Super Micro affirmed compliance with U.S. export controls and said it investigates any unauthorized re-exports. Nvidia declined to comment, and DeepSeek has not responded to requests for comment.

HPE Secures $1 Billion AI Server Deal for Elon Musk’s X

/in /tarafından

Hewlett Packard Enterprise (HPE) has finalized a deal valued at over $1 billion to supply Elon Musk’s social media platform, X, with servers optimized for artificial intelligence (AI) workloads, according to a report by Bloomberg News. The agreement, finalized late last year, comes amid rising demand for AI-specific hardware from businesses leveraging AI applications.

Bloomberg’s sources indicated that HPE secured the deal over competing bids from Dell Technologies and Super Micro Computer, both of which also sought to provide the necessary equipment for X. However, HPE has declined to comment on the details of the deal.

The demand for AI servers has surged as companies, including Musk’s various ventures such as Tesla and xAI, seek hardware capable of supporting advanced AI tasks. Following the news, shares of HPE saw a 1% rise in afternoon trading.

 

Dell and Palantir to Join S&P 500; Shares Surge

/in /tarafından

Dell and Palantir both saw their shares jump about 7% in after-hours trading on Friday following the announcement from S&P Global that they will be added to the S&P 500 index. Palantir will replace American Airlines, while Dell will take the place of Etsy in the benchmark index.

This move marks Dell’s return to the S&P 500, having been a member from 1996 to 2013 before going private and rejoining the public market in 2018. For Palantir, which went public in 2020 after over 15 years as a venture-backed startup, this inclusion highlights its recent profitability and growing revenue. The company reported a net income of $135.6 million for the second quarter, a significant increase from the previous year.

The inclusion of these companies reflects their high market capitalizations—Palantir’s exceeds $67 billion, while Dell’s is over $72 billion—matching the median market cap of S&P 500 companies at approximately $33.5 billion. The addition often leads to a rally in stock prices as index-tracking funds adjust their portfolios to include the new members.

Dell’s stock had already surged 90% in 2023, driven by strong demand for AI servers. Meanwhile, Palantir, known for its data analytics and work with government and military agencies, has seen accelerated revenue growth and posted its first profits in late 2022.

The S&P 500 additions are intended to better represent U.S. stocks with high market caps. The inclusion of these companies follows recent changes, such as the addition of cybersecurity firm CrowdStrike in June. Shares of software maker Workday fell 2% in after-hours trading, despite earlier speculation about its potential inclusion in the index.