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Micron to Exit the Crucial Consumer Business: Higher RAM Prices Ahead?
Micron Technology’s decision to walk away from consumer memory is more than a brand change, it is a clear signal that artificial intelligence is reshaping the economics of making chips. Micron began in 1978 as a small design consultancy founded by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug Pitman in Boise, Idaho, backed by local investors including J.R. Simplot. By 1983, the company was already punching above its weight by producing chips roughly half the size o
Covertly AI
Dec 54 min read


Qualcomm and Alphabet Rise: Is Nvidia Losing Its Lead?
The artificial intelligence hardware market has long been defined by Nvidia’s dominance, but new developments from Qualcomm and Alphabet suggest the landscape may be shifting. With a market cap exceeding $4.4 trillion, Nvidia has reached a level of influence rivalled historically only by corporations built to run colonial trade empires. Its GPUs became the gold standard not just for gaming and crypto mining, but also for powering the deep-learning boom thanks to a combinati
Covertly AI
Nov 273 min read


Nvidia’s Record Q3 Earnings Reveal High Demand for AI GPUs
Nvidia’s latest earnings paint a picture of a company not just riding the AI wave, but helping create its momentum. The chipmaker reported an astonishing $57 billion in revenue for the third quarter, a 62% jump from the same period last year (TechCrunch; Yahoo Finance; Startup Ecosystem). This surge was matched by equally impressive profitability: net income soared to $32 billion, up 65% year-over-year (TechCrunch; Yahoo Finance; Startup Ecosystem). Both figures blew past Wal
Covertly AI
Nov 203 min read


Baidu Unveils New AI Chips to Boost China’s Semiconductor Independence
Baidu’s latest push into artificial intelligence hardware marks a significant step in China’s drive toward technological self-sufficiency as geopolitical tensions continue to reshape the global chip landscape. At its annual developer conference, the company unveiled two new AI processors, the M100 and M300, positioned as powerful, low-cost, domestically controlled alternatives for Chinese enterprises seeking to reduce reliance on U.S. technology. The M100, designed primarily
Covertly AI
Nov 133 min read


SoftBank Sells $5.8B Nvidia Stake to Supercharge Its AI Ambitions
SoftBank Group Corp. has once again made headlines with its decision to sell its entire stake in Nvidia Corp. for $5.83 billion, a move aimed at fueling its growing investments in artificial intelligence. The sale, though surprising to some investors, reflects founder Masayoshi Son’s ambition to position SoftBank as a dominant player in the expanding AI ecosystem (Bloomberg; Wall Street Journal). Son’s vision extends beyond software and into large-scale infrastructure, from S
Covertly AI
Nov 113 min read


Jeff Bezos Backs AI Chipmaker Tenstorrent in $2.6 Billion Bet
Jeff Bezos, the founder of Amazon, has joined forces with prominent investors such as Samsung and LG to back Tenstorrent, an AI hardware...
Covertly AI
Dec 3, 20243 min read


Kneron Seeks $1 Billion Valuation as It Expands AI Chip Innovation and Targets Nasdaq Listing in 2025
Kneron, a Taiwanese-American artificial intelligence (AI) chip startup, is discussing securing $300 million in its latest funding round,...
Covertly AI
Oct 26, 20243 min read
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