IT infrastructure
1. Nvidia suffers record $279 billion loss in market value as Wall St drops
Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. (Yahoo Finance)
2. Intel’s Dow status under threat as struggling chipmaker’s shares plunge
Stock price is a key element for inclusion in the Dow, unlike the S&P 500 index which takes into account market value. (Irishexaminer)
3. Global data centre industry to emit 2.5 billion tons of CO2 through 2030, Morgan Stanley says
A boom in data centres is expected to produce about 2.5 billion metric tons of carbon dioxide-equivalent emissions globally through the end of the decade, and accelerate investments in decarbonisation efforts, according to Morgan Stanley research. (Yahoo Finance)
4. U.S. stocks tumble as September starts, investors cool on chips
Wall Street’s main indexes slid on Tuesday, with the S&P 500 down more than 2% and the Nasdaq Composite down over 3% as investors softened their optimism about AI in a broad market sell-off that accelerated after tepid economic data. (MSN)
Tech trends
5. Starlink backtracks, complies with order blocking X in Brazil, says regulator
Elon Musk’s satellite broadband firm, Starlink, on Tuesday said that it is complying with Brazil’s top court order to block access to social media platform X in the country, a day after informing the country’s regulator it would not obey the order. (MSN)
6. Nvidia gets subpoena from US DoJ, Bloomberg News reports
The U.S. Department of Justice has sent a subpoena to Nvidia as it deepens its probe into the AI heavyweight’s antitrust practices, Bloomberg News reported on Tuesday, citing people familiar with the investigation. (StreetInsider)
7. Halliburton says hackers removed data in August cyberattack
Oilfield services company Halliburton said Tuesday that an unauthorised third party had accessed and removed data from its systems, providing details regarding the cyberattack in August first reported by Reuters. (Businessinsurance)
8. Singtel, GMI Cloud to boost AI adoption in US and Asia Pacific
Singtel and GMI Cloud, a pioneering AI-native GPU cloud platform, have announced a strategic collaboration to expand GPU capacity by combining both companies’ GPU resources and infrastructure, democratising the availability of high-powered computing for enterprises. (Singtel)
AI
9. Salesforce to acquire AI voice agent firm Tenyx, joining AI talent race
Enterprise cloud firm Salesforce on Tuesday said it has agreed to acquire Tenyx, which develops artificial intelligence-powered voice agents, to advance its AI-driven solutions. (Yahoo Finance)
10. Meta to inform Brazilians how it uses their personal data to train AI
Social media giant Meta Platforms will inform Brazilians how it intends to use their personal data to train generative artificial intelligence (AI), it said on Tuesday, following a demand from the country’s data protection watchdog. (US news)
11. AI likely to weigh on oil prices over the next decade, Goldman says
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Tuesday. (Today WestLaw)
12. AI server maker Super Micro denies short-seller Hindenburg’s claims
Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained “false or inaccurate statements” about the AI server maker. (US news)
AR/VR
13. Snap to focus on growing ads business, augmented reality amid poor stock performance
Snap will concentrate on expanding and diversifying its underperforming advertising business with a focus on augmented reality, CEO Evan Spiegel informed employees in a note on Tuesday. (MarketScreen)
