Nvidia (NVDA) CEO Jensen Huang kicked off the company’s GTC event in San Jose, Calif., with his annual keynote speech on Monday. Huang is expected to spend roughly two hours providing deeper insights into Nvidia’s business and chip and software roadmaps, and offering a look at upcoming products and services.
Nvidia has been on a dealmaking spree lately, including its acqui-hire agreement with AI inference chip designer Groq (GROQ.PVT). That could mean either a new kind of chip for Nvidia, or that the company will wrap Groq’s technology into its own processors. Either way, we could learn more at GTC.
In other AI news, Nvidia’s strategic partner and AI cloud company Nebius reached a deal with Meta to provide the hyperscaler with up to $27 billion worth of capacity starting in 2027.
Meta is also contemplating sweeping layoffs that could affect up to 20% of its workforce, Reuters reported over the weekend. The company is looking to offset towering artificial intelligence costs in what could be its largest restructuring since 2022, though it has not yet finalized the date or extent of the layoffs.
