Yotta Bets $12B on 80,000 Nvidia Vera Rubin GPUs

IBM's Anderon received a $1B U.S. award for quantum wafer R&D, with IBM investing another $1B. IQM Quantum Computers signed a deal for its first South American quantum computer. IonQ and Nvidia tested generative AI for quantum optimization. D-Wave plans to showcase its annealing and gate-model systems. Oracle added post-quantum cryptography to Java 27.

LG CNS, a South Korean IT services firm, plans to invest ₩381.4 billion ($275.3 million) in Nvidia's next-gen GPUs and infrastructure to build AI factories. The investment, 7.2% of its 2025 assets, aims to secure AI computing capabilities and expand its GPU-as-a-Service (GPUaaS) business. LG CNS expects to start an 80-MW AI factory by 2028, with plans to integrate design, construction, and operations.

Snap Inc. (SNAP) shares rose 4% in extended trading after announcing partnerships with Salesforce (CRM), Nvidia (NVDA), and Amazon Web Services (AMZN) for its augmented reality glasses, SPECS, aimed at enterprise use. The partnerships will integrate AI capabilities for field service, remote support, and retail work. Snap did not disclose financial terms. SPECS, priced at $2,195, will begin shipping in the fall. Snap closed at $250.54, down 1.89% on the day.

Nvidia (NVDA) opened its NVLink Fusion interconnect to d-Matrix, a Microsoft (MSFT)-backed startup, allowing its chips to integrate with Nvidia systems. This move could help Nvidia collect fees on networking and switches even if competitors supply GPUs. Nvidia's data-center revenue grew 138% YoY to $40.31B last quarter, with total revenue at $96.22B, up 105.8% YoY. However, if d-Matrix's Raptor chips prove more efficient, hyperscalers may shift inference workloads, potentially reducing Nvidia's

GMI Cloud, an Nvidia partner, seeks a $300M loan to purchase chips for its Thai facility, with Tencent as the end user. The deal, still in discussions, would offer low-teens yields. This follows a recent NT$13.9B loan for a Taiwan project. Banks and private credit funds are expanding into chip financing for AI. Nvidia, Tencent, and STT GDC declined to comment.

Nvidia CEO Jensen Huang predicts 70% growth next year, potentially exceeding 100% without supply constraints. Q2 revenue was $96.22 billion, up 106% YoY, with data center sales up 117%. Nvidia expects Q3 revenue of $108 billion. Analysts see significant upside, with a consensus price target of $326.09, implying 50% upside.