Latest news with #IanKing
Business Insider
13-07-2025
- Business
- Business Insider
Nvidia CEO says Chinese military unlikely to use its AI chips, Bloomberg says
Nvidia (NVDA) CEO Jensen Huang said the U.S. government does not need to be concerned about its technology being used by the Chinses military, Ian King of Bloomberg reports. Huang said the Chinese military will avoid using U.S. technology due to the risks associated with doing so. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Bloomberg
25-06-2025
- Automotive
- Bloomberg
Promises to Spend Billions on US Chip Revival Still Depend on a Fickle Market
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. Today, Ian King reports on the promises from chipmakers to spend money on manufacturing plants in the US. Uber-Waymo expansion: Uber began offering customers in Atlanta rides in self-driving cars from Alphabet Inc.'s Waymo, making it the second market where the companies are joining together rather than competing.
Yahoo
12-06-2025
- Business
- Yahoo
Nvidia, Samsung Plan Investments in Robotics Startup Skild AI
(Bloomberg) -- Samsung Electronics Co. and Nvidia Corp. will take minority stakes in Skild AI Inc. as they seek to bolster their work in the emerging consumer robotics industry. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? The South Korean tech leader is making a $10 million investment in Skild, which develops software for robots, according to people with knowledge of the matter. The Santa Clara, California chipmaker is putting in $25 million, said the people, who asked not to be identified discussing unannounced plans. The financing is part of the company's Series B funding round, which will value the company at around $4.5 billion and is led by a $100 million investment from Japan's SoftBank Group Corp. Internally, Samsung views its Skild investment as a way to keep visibility into the startup and its talent without needing to make a significant commitment. Another reason: to keep pace with other South Korean conglomerates like LG, Hanwha and Mirae Asset, which all have divisions putting between $5 million to $10 million into Skild. Nvidia has begun to push the idea of 'physical AI' — meaning robots and autonomous vehicles — becoming a significant future revenue driver as the technology matures. The chipmaker has semiconductors, software and services aimed at speeding up the deployment of robots that can think for themselves. Samsung considers some aspects of Skild's solutions inferior to others in the market, said some of the people. Representatives for Samsung and Nvidia declined to comment. A representative for Skild didn't respond to an inquiry. Robotics are quickly becoming a major area of future growth for the world's technology companies, with Apple Inc., Meta Platforms Inc., Inc. and Alphabet Inc.'s Google all investing heavily in the space. Tesla Inc., meanwhile, has long been preparing to ship its Optimus robot. A few months ago, Samsung took a minority stake in Physical Intelligence, which also develops underlying robotics algorithms, with a small investment. The startup has already raised around $400 million and was last valued at about $2.4 billion. Nvidia has invested in companies like Figure AI and Serve Robotics. Samsung already sells robot vacuums, but its ambitions go deeper to include humanoid robots and other household appliances. Later this year, in partnership will Google, it will launch the Ballie, a soccer-ball-sized machine that can project video onto walls. Samsung is also the largest shareholder of Rainbow Robotics, which makes humanoids. That company sits at the center of its work in the field. --With assistance from Ian King, Kate Clark and Yoolim Lee. New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again ©2025 Bloomberg L.P.
Yahoo
12-06-2025
- Business
- Yahoo
Nvidia, Samsung Plan Investments in Robotics Startup Skild AI
(Bloomberg) -- Samsung Electronics Co. and Nvidia Corp. will take minority stakes in Skild AI Inc. as they seek to bolster their work in the emerging consumer robotics industry. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? The South Korean tech leader is making a $10 million investment in Skild, which develops software for robots, according to people with knowledge of the matter. The Santa Clara, California chipmaker is putting in $25 million, said the people, who asked not to be identified discussing unannounced plans. The financing is part of the company's Series B funding round, which will value the company at around $4.5 billion and is led by a $100 million investment from Japan's SoftBank Group Corp. Internally, Samsung views its Skild investment as a way to keep visibility into the startup and its talent without needing to make a significant commitment. Another reason: to keep pace with other South Korean conglomerates like LG, Hanwha and Mirae Asset, which all have divisions putting between $5 million to $10 million into Skild. Nvidia has begun to push the idea of 'physical AI' — meaning robots and autonomous vehicles — becoming a significant future revenue driver as the technology matures. The chipmaker has semiconductors, software and services aimed at speeding up the deployment of robots that can think for themselves. Samsung considers some aspects of Skild's solutions inferior to others in the market, said some of the people. Representatives for Samsung and Nvidia declined to comment. A representative for Skild didn't respond to an inquiry. Robotics are quickly becoming a major area of future growth for the world's technology companies, with Apple Inc., Meta Platforms Inc., Inc. and Alphabet Inc.'s Google all investing heavily in the space. Tesla Inc., meanwhile, has long been preparing to ship its Optimus robot. A few months ago, Samsung took a minority stake in Physical Intelligence, which also develops underlying robotics algorithms, with a small investment. The startup has already raised around $400 million and was last valued at about $2.4 billion. Nvidia has invested in companies like Figure AI and Serve Robotics. Samsung already sells robot vacuums, but its ambitions go deeper to include humanoid robots and other household appliances. Later this year, in partnership will Google, it will launch the Ballie, a soccer-ball-sized machine that can project video onto walls. Samsung is also the largest shareholder of Rainbow Robotics, which makes humanoids. That company sits at the center of its work in the field. --With assistance from Ian King, Kate Clark and Yoolim Lee. New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
11-06-2025
- Business
- CNBC
UK spending review: Ian King on what we could see from the Treasury
Ian King, author of CNBC's U.K. Exchange newsletter, discusses the country's upcoming spending review, in which the British government sets out budgets for government departments for the next few years.
