SpaceX to Exclusively Use Nvidia GPUs, Raises $40B

Key Takeaways

• SpaceX will use only Nvidia GPUs for AI processing
• SpaceX is raising $40 billion to buy more Nvidia chips
• Nvidia chips will be tested in space on SpaceX satellites next year
• Nvidia forecasts 70% revenue growth for fiscal 2028
• Google's TPU partner Broadcom expects AI chip revenue to triple
• Marvell Technology could earn up to $120 billion from Google over six years
• Alphabet has an option to buy a $12.2 billion stake in Marvell
• Taiwan Semiconductor reported 36% revenue growth in Q2
• TypeSafe AI raised $870 million for its Jev AI model
• MAS warns AI agents in digital asset trading pose liquidity and collateral risks

Elon Musk says SpaceX will use only Nvidia AI chips

Elon Musk stated that Space Exploration Technologies will exclusively use Nvidia GPUs for AI processing. Some Nvidia chips will be sent into space next year on SpaceX data center test satellites. SpaceX is raising $40 billion to buy more Nvidia chips. Nvidia forecasts 70% revenue growth for fiscal 2028. The company's market cap is approaching $6 trillion.

Elon Musk praises Nvidia chips for SpaceX AI use

Elon Musk praised Nvidia GPUs as the best option for AI processing and confirmed SpaceX will only use them. Nvidia processors will head into space next year on test satellites to check if they work in orbit. SpaceX is raising $40 billion to purchase more Nvidia chips. Nvidia's stock is up over 25% this year and the company forecasts strong revenue growth ahead.

3 stocks to watch as Google enters AI chip market

Alphabet is expanding into AI chipmaking with its Tensor Processing Units, and three stocks stand to benefit. Broadcom is Google's lead TPU partner and expects AI chip revenue to triple. Marvell Technology signed a deal with Alphabet worth up to $120 billion over six years. Taiwan Semiconductor manufactures chips for both companies and benefits from rising demand and pricing power.

Broadcom, Marvell and Taiwan Semiconductor benefit from Google AI chips

Broadcom partners with Google on Tensor Processing Units and its AI semiconductor sales grew 143% year over year. Marvell Technology could earn up to $120 billion from Google over six years and Alphabet has an option to buy a $12.2 billion stake. Taiwan Semiconductor is the world's largest chip foundry and reported 36% revenue growth in the second quarter. Demand for its manufacturing services outpaces capacity.

Singapore warns on AI agents in digital asset trading

Chia Der Jiun of the Monetary Authority of Singapore warned about risks of using AI agents in digital-asset trading. He said AI agents can execute trades automatically, which raises concerns about liquidity and collateral. Financial institutions must ensure AI agents follow user instructions, policies and regulations. MAS published the SAFR white paper earlier in 2026 with industry partners to guide safe development.

MAS warns of AI agent risks in digital asset trading

MAS managing director Chia Der Jiun warned that AI agents executing financial transactions create risks in liquidity and collateral. He spoke at an Insead conference on digital finance in Singapore on Oct 9. He said financial institutions must ensure AI agents follow user instructions, policies and regulations. MAS is developing standards through public-private partnerships to guide safe use of AI and tokenised assets.

UCCS brings humanoid AI robots Ami to campus

The University of Colorado Colorado Springs received two humanoid AI robots named Ami as a donation this year. The robots are stationed at the campus library and brought to classes and events. Students program Ami using natural language instructions to set its goals, tone and personality. Ami helps students with project ideas, business coaching and interactive learning.

Data problems slow insurers' AI adoption

Insurance companies have rushed to adopt AI tools over the past two years but have struggled to get expected benefits. The main problem is poor data quality across many organisations. Data environments are often siloed, outdated, duplicative and incomplete. AI tools only work well when they can access good information, so fixing data is key to progress.

Rezolve Ai launches RezolvePay for AI shopping agents

Rezolve Ai, listed on NASDAQ as RZLV, unveiled RezolvePay on Oct 9, 2026. The platform lets consumer AI shopping agents connect with merchant-side agents and complete purchases. It is designed to work across the growing agent ecosystem. RezolvePay aims to open a multi-trillion-dollar commerce opportunity for retailers and brands by enabling AI-driven transactions.

Marwynn signs AI services deal with OmniX

Marwynn Holdings signed a memorandum of understanding with OmniX Technologies to evaluate AI computing services and real-world asset securities infrastructure. The 18-month framework allows Marwynn to supply computing capacity through its subsidiary NexaCore. The MOU is generally non-binding and creates no obligation to fund, supply or implement projects. It includes limited pilots from months 5 to 9 and possible definitive agreements from months 10 to 18.

TypeSafe AI raises $870 million as Jev model hits $7.5B valuation

TypeSafe AI, the maker of the Jev AI model, raised $870 million in a funding round led by a16z. Jev launched just weeks ago and went viral quickly. Unlike traditional large language models, Jev does not output text but produces calibrated decisions. The company says Jev works faster and uses fewer tokens, making it better suited for automating tasks.

Malaysia companies report debt, solar contracts and listing plans

Zetrix AI Bhd owes RM314.0 million to the Road Transport Department for unremitted collections from May to September 2026. Northern Solar Holdings Bhd secured a RM34.0 million EPCC contract for a 9.5MW solar photovoltaic plant. MMM Group Bhd will be delisted on Oct 12, 2026. EGH International Bhd oversubscribed its IPO by 2.63x. Speedy Best and Ancile Tech both filed plans for ACE Market listings with specific share issues.

TRACE framework tests how AI models read human emotions

Researchers proposed TRACE, a framework that studies emotions through three stages: Condition, Affect, and Effect. The TRACE-Bench includes 3,746 question-answer pairs across 646 videos to test multimodal models. Human performance still beats AI models, which often mistake displayed behavior for real feeling. The study also introduces TRACER, a reasoning method that improves accuracy across all five tested tasks.

Companies should onboard AI like a new employee

Research from The Brandon Hall Group found that companies with strong onboarding processes handle AI onboarding better. One example is WorkRadar, an internal agent connected to Outlook, Teams, Confluence, Asana, SharePoint and HRIS. WorkRadar improved after users gave it personal details about their roles and priorities. The article recommends managers define AI agents by role, remit, personality, performance review and teamwork. It also warns that AI memory and focus differ from humans, so careful setup matters.

Sources

• Elon Musk Just Made a Surprising Statement About AI Chips. Here's the Stock It Helps.
• Elon Musk Just Made a Surprising Statement About AI Chips. Here's the Stock It Helps.
• 3 Stocks Poised to Gain as Google Brings Its AI Chips to Market
• 3 Stocks Poised to Gain as Google Brings Its AI Chips to Market
• MAS flags risks of using AI agents in digital-asset trading
• MAS flags risks of using AI agents in digital-asset trading
• UCCS adds humanoid AI, 'Ami', robots to campus as learning tools
• Viewpoint: The One Thing Holding Back Insurers' AI Efforts
• Rezolve Ai Opens Retail to Any AI Shopping Agent with RezolvePay, Targeting a Multi-Trillion-Dollar Commerce Opportunity
• A trading platform makes Marwynn its preferred AI-services supplier under an 18-month evaluation plan
• The maker of non-text AI model Jev valued at $7.5B just weeks after launch
• Trading ideas: Zetrix AI, Northern Solar, Datasonic, Aemulus, Salutica, Axteria, Landmarks, MMM, EGH, Speedy Best, Ancile
• Cognition-Oriented Emotion Tracing from Causes to Consequences in Real-World Social Scenes
• AI is your newest hire. Manage it like one