SpaceX has signed a major deal with Reflection AI to provide access to Nvidia's GB300 AI chips at its Colossus 2 data center. The deal is worth up to $6.3 billion and will run from July 1, 2026, to 2029, with Reflection AI paying $150 million per month for the computing power.
Qualcomm is close to acquiring AI chip startup Modular Inc in a deal that could be worth about $4 billion. Modular has raised $380 million to date, including $250 million in a funding round in September.
Google is aggressively pushing its in-house AI chips, known as tensor processing units (TPUs), as a challenge to Nvidia's hold on the AI hardware market. The company is spending billions on TPU chips.
Other notable developments include Zhipu AI's market capitalization surging past HK$1 trillion after releasing its GLM-5.2 model, which ranks second globally on Code Arena's list for front-end web development tasks. Tempus AI's ECG-AF software has received successful multi-site validation, strengthening its clinical credibility.
Key Takeaways
["SpaceX and Reflection AI have signed a $6.3 billion deal for access to Nvidia's GB300 AI chips at SpaceX's Colossus 2 data center.", 'Qualcomm is acquiring AI chip startup Modular Inc in a deal worth about $4 billion.', 'Modular Inc has raised $380 million to date.', 'Google is spending billions on its in-house AI chips, tensor processing units (TPUs).', "Zhipu AI's market capitalization has surged past HK$1 trillion after releasing its GLM-5.2 model.", "Tempus AI's ECG-AF software has received successful multi-site validation.", 'Reflection AI will pay $150 million per month for computing power.', 'The deal between SpaceX and Reflection AI will run from July 1, 2026, to 2029.', "Qualcomm's acquisition of Modular Inc is expected to reduce its reliance on the volatile handset market.", "Google's push for in-house AI chips challenges Nvidia's hold on the AI hardware market."]SpaceX and Reflection AI ink $6.3 billion deal
SpaceX has signed a deal with Reflection AI to provide access to Nvidia's GB300 AI chips at its Colossus 2 data center. The deal is worth up to $6.3 billion and will run from July 1, 2026, to 2029. Reflection AI will pay $150 million per month for the computing power. This deal shows how SpaceX is using its data center to provide AI computing power to customers.
SpaceX and Reflection AI sign computing power deal
SpaceX and Reflection AI have signed a deal for computing power. Reflection AI will get access to Nvidia chips at SpaceX's Colossus 2 data center. The deal could be worth up to $6.3 billion if it runs through 2029. Either company can end the contract with 90 days' notice after three months.
SpaceX turns Colossus into AI computing platform
SpaceX has signed a major computing power deal with Reflection AI. The deal gives Reflection access to Nvidia GB300 chips at Elon Musk's Colossus 2 data center. The payments will total about $6.3 billion if the deal runs through 2029. This deal shows how SpaceX is using its data center to provide AI computing power.
Qualcomm to acquire AI chip startup Modular
Qualcomm is in advanced discussions to acquire Modular Inc, a startup that makes AI chips. The deal could be worth about $4 billion. Modular has raised $380 million to date, including $250 million in a funding round in September.
Qualcomm nearing deal for AI chip startup Modular
Qualcomm is close to acquiring Modular Inc, an AI chip startup. The deal could value Modular at about $4 billion. Qualcomm has been working to reduce its reliance on the volatile handset market by branching out into new areas.
Zhipu AI market cap surges after new model release
The market capitalization of Zhipu AI has topped HK$1 trillion after the release of its GLM-5.2 model. The new model ranks second globally on Code Arena list for front-end web development tasks.
Tempus AI's ECG-AF validation strengthens clinical credibility
Tempus AI has reported a successful multi-site validation of its FDA-cleared ECG-AF software. The results were published in the journal Heart Rhythm. This validation strengthens the clinical credibility of Tempus AI's cardiovascular AI portfolio.
ASE Technology jumps on strong sales and AI optimism
ASE Technology's stock has risen 8.1% due to strong monthly sales and optimism around AI packaging. The company's advanced packaging business is expected to top $3.5 billion in 2026.
ProPicks AI picks top stocks with AI
ProPicks AI is a monthly stock selection model that uses AI to pick top stocks. The model screens every stock, ranks them, and publishes a short list. The Tech Titans strategy has returned +230.10% since launch.
Hottest areas of AI trade in memory market
The hottest areas of the AI trade will be in the memory market, says Constellation Research CEO Ray Wang. The AI race has become less about models and more about access to computing power.
European firms spread AI risk due to US curbs
US curbs on AI services are pushing European firms to spread risk across multiple providers. Companies like Siemens and Orange are using multiple models and building their own AI services.
Google spending billions on TPU chips
Google is pushing its in-house AI chips more aggressively, turning years of tensor processing unit development into a direct challenge to Nvidia's hold on the AI hardware market.
Missoula limits AI facial recognition in security cameras
The City of Missoula is looking to purchase security cameras with Missoula is considering purchasing security cameras with AI capabilities. However, Montana law restricts local government entities from using AI-powered surveillance systems.
Sources
- SpaceX inks compute deal with Reflection AI, an open-source AI lab
- AI startup Reflection signs computing power deal with SpaceX
- SpaceX signs computing power deal with open-source AI startup Reflection worth up to $6.3 billion
- Qualcomm Nears Deal for AI Chip Startup Modular
- Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
- Zhipu AI market cap tops HK$1 trillion after GLM-5.2 release
- Can Tempus AI’s (TEM) New ECG-AF Validation Deepen Its Edge in Clinical-Grade Healthcare AI?
- ASE Technology jumps as investors build on strong monthly sales and AI-packaging optimism
- How to find today’s top 10 stocks with AI
- The hottest areas of the AI trade will be in the memory market, says Constellation's Ray Wang
- US curbs on AI spur European firms to spread the risk
- Google is spending billions to turn its TPU chips into a real challenger to Nvidia
- City of Missoula looking to purchase security cameras with AI capabilities, but Montana law prohibits AI usage
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