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    Nvidia approves record $150 billion share buyback plan as AI boom powers cash generation

    Nvidia approved an additional $150 billion in share buybacks, taking its remaining authorisation to $235 billion through fiscal 2028. The record repurchase expansion reflects surging AI-driven cash flows, alongside continued investment in data centres, hardware, networking and infrastructure partnerships.

    IIT Delhi develops India's first indigenously designed micro Graphics Processing Unit

    Indian Institute of (IIT) Delhi studetns developed the country's first working micro Graphics Processing Units (GPUs). The micro-GPU architecture developed by IIT Delhi researchers will enable indigenous graphics and display-processing systems for embedded applications. The team is now exploring a roadmap towards an 8-16 core vector-style graphics processor architecture with an optimised compiler and graphics software toolchain, along with eventual migration to a proof of concept at a 65nm ASIC process node.

    How AMD went from Intel’s smaller rival to a $1 trillion AI contender

    AMD achieved a $1 trillion market capitalisation as of September 21. The company’s rise is attributed to its success in AI computing and product innovation. Under CEO Lisa Su, AMD has transformed its business and expanded its offerings beyond CPUs. Recent acquisitions have bolstered AMD's capabilities in graphics processing and data center solutions.

    Ex-Intel exec Raja Koduri's OXMIQ raises $35 million to build licensable AI chip architecture

    AI chip startup OXMIQ, founded by former Intel executive Raja Koduri, has secured $35 million in Series A funding. The company aims to democratize AI chip development by licensing its GPU architecture, OxCore, allowing businesses and governments to create custom AI processors. This move seeks to reduce the high cost of AI compute, particularly for emerging markets like India and Southeast Asia, fostering wider AI adoption.

    US Stock Market: AI spending boom fuels Nvidia growth, but Wall Street seeks long-term visibility

    Nvidia reported blockbuster first-quarter results, driven by a surge in data center revenue and strong future projections, including an $80 billion share buyback. Despite exceeding expectations, the company's stock saw a slight dip as investors weigh the sustainability of AI demand against intensifying competition and the development of custom AI chips by major tech players.

    AMD sees AI chip market exceeding $500 billion by 2028

    AMD CEO Lisa Su projects the AI processor market will surpass $500 billion by 2028, driven by inferencing demand. At its AI conference, AMD unveiled MI350 GPUs, emphasised open architecture, and highlighted growing adoption by top firms, including Reliance Jio and OpenAI.

    The Economic Times
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