Nvidia's data center revenue surges 117% to $89 billion

Lastly, the Corporate Language Model (CLM) is a framework that transforms a firm's structured, unstructured, multimodal, and tacit knowledge into an ontology-grounded enterprise foundation.

Key Takeaways

• Nvidia's data center revenue surged 117% to $89 billion. • China's AI chipmakers are challenging Nvidia's dominance in the $90 billion market. • Salesforce reported fiscal second-quarter revenue of $11.35 billion, up 11% year over year. • OpenAI has accelerated AI research with its automated 'research intern'. • Texas has become a hub for AI hardware manufacturing. • Genesys introduced agentic products for customer service. • MG Ship added AI route optimization to its platform. • 3rd Eye released an AI camera for commercial drivers. • Zetrix AI's acquisition deal fell through. • Corporate Language Model transforms enterprise knowledge.

Zetrix AI shares plummet after acquisition deal falls through

Zetrix AI shares fell 5.88% to 24 sen after trading resumed following a one-hour halt. The company's proposed RM130mil acquisition of a 50% stake in MYEG Ventures Inc. was terminated. The deal was called off just three days after signing the share purchase agreement. Trading in Zetrix AI securities was halted from 9am before resuming at 10am.

Zetrix AI shares drop after aborted RM130mil acquisition

Shares in Zetrix AI Bhd fell in active trade after trading resumed following a one-hour halt. The counter fell 1.5 sen, or 5.88%, to 24 sen. Trading in Zetrix AI securities was halted from 9am on Monday before resuming at 10am.

5 Stocks to watch as AI moves into everyday business

Goldman Sachs projects US data center power demand to double to 66 gigawatts by 2027. NVIDIA's Data Center revenue surged 117% to $89 billion. Vertiv's free cash flow surged 234% as shares climbed 73% year to date. The companies are well-positioned to benefit from the AI infrastructure buildout.

Genesys introduces agentic products for customer service

Genesys introduced four interconnected agentic orchestration products aimed at managing complex customer journeys. The products include Navigator, Orchestrator, Contextual Intelligence, and an AI Control Plane. The goal is to create AI that understands intent and preserves memory across resources.

China's AI chipmakers challenge Nvidia's dominance

China's chipmaking upstarts, including Enflame, are making progress against Nvidia. They are developing their own software and easing migration from Nvidia's products. This could erode Nvidia's hold on the $90 billion market.

Texas becomes hub for AI hardware manufacturing

Texas has become a strategic hub for AI hardware manufacturing and supply chain resilience. The state's business-friendly environment, skilled workforce, and favorable regulatory climate have made it an attractive location for AI hardware manufacturing.

MG Ship adds AI route optimisation for logistics

MG Ship has added AI route optimisation to its visibility and supply chain intelligence platform. The technology helps reduce transportation costs, improve forecast accuracy, and increase warehouse productivity.

3rd Eye releases AI camera for commercial drivers

3rd Eye has released an AI camera to coach commercial drivers. The camera runs AI models on the device to read road conditions, driver behavior, and vehicle movements in real time.

Salesforce's AI-powered tools drive growth

Salesforce reported fiscal second-quarter revenue of $11.35 billion, up 11% year over year. The company's AI-powered tools have been a key driver of growth, with AI revenue up 50% year over year.

Corporate Language Model transforms enterprise knowledge

The Corporate Language Model (CLM) is a framework that transforms a firm's structured, unstructured, multimodal, and tacit knowledge into an ontology-grounded enterprise foundation.

OpenAI accelerates AI research

OpenAI has reached a milestone in its AI research acceleration, with its automated 'research intern' able to handle well-defined tasks that would otherwise take a skilled researcher several days.

Sources

NOTE:

This news brief was generated using AI technology (including, but not limited to, Google Gemini API, Llama, Grok, and Mistral) from aggregated news articles, with minimal to no human editing/review. It is provided for informational purposes only and may contain inaccuracies or biases. This is not financial, investment, or professional advice. If you have any questions or concerns, please verify all information with the linked original articles in the Sources section below.

Zetrix AI AI shares acquisition deal RM130mil MYEG Ventures Inc share purchase agreement trading halt AI infrastructure NVIDIA Data Center revenue Vertiv free cash flow AI chipmakers China Enflame Nvidia's dominance AI hardware manufacturing Texas business-friendly environment skilled workforce regulatory climate AI route optimisation logistics MG Ship visibility and supply chain intelligence AI camera commercial drivers 3rd Eye AI-powered tools Salesforce growth AI revenue Corporate Language Model enterprise knowledge ontology-grounded foundation OpenAI AI research acceleration automated research intern

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