Sources: Nvidia plans to invest $500M to $1B in AI coding startup Poolside, which is in discussions to raise $2B at a $12B valuation (Bloomberg)

Coinbase has reported a remarkable 55% year-over-year increase in revenue for Q3, reaching $1.9 billion, surpassing estimates of $1.8 billion. Additionally, the company's net income skyrocketed by 473% to $433 million, while trading volume surged by 59% to $295 billion. This impressive performance highlights Coinbase's strong position in the cryptocurrency market and reflects growing investor confidence, making it a significant player in the financial landscape.

Nvidia is making headlines by reportedly investing up to $1 billion in Poolside, an AI company where it has already shown support by participating in a $500 million Series A round in 2024. This significant investment highlights Nvidia's commitment to advancing AI technologies and could lead to exciting innovations in the field, benefiting both companies and the tech industry as a whole.

Intel is reportedly in early discussions to acquire the AI chip startup SambaNova, which was valued at $5 billion in 2021. This potential acquisition could indicate Intel's strategic move to enhance its position in the AI chip market, especially as competition intensifies. While the deal is still in its early stages and may value SambaNova below its previous valuation, it highlights the growing interest in AI technologies and the importance of innovation in the semiconductor industry.

Nvidia is set to invest up to $1 billion in the AI startup Poolside, a move that could significantly boost the company's valuation. This investment highlights Nvidia's commitment to expanding its influence in the AI sector, which is rapidly growing and increasingly important in various industries. Such a substantial financial backing not only supports Poolside's development but also reinforces Nvidia's position as a leader in technology innovation.

Nvidia CEO Jensen Huang emphasizes the importance of the US maintaining a collaborative approach with China in the AI sector. He warns that isolation could stifle innovation and hinder the US's long-term leadership in this critical field. This perspective is significant as it highlights the need for strategic engagement in a rapidly evolving technological landscape, ensuring that the US remains competitive while fostering global cooperation.

Nvidia has made waves by unveiling its groundbreaking Vera Rubin AI 'Superchip' at the GPU Technology Conference in Washington. This impressive chip boasts 88 CPU cores and an astonishing 100 PetaFLOPS of FP4 compute power, marking a significant leap in AI technology. This development is crucial as it promises to enhance computational capabilities for AI applications, potentially transforming industries and driving innovation forward.

Meta has made headlines with a record-breaking demand of approximately $125 billion for its upcoming corporate bond sale, which is expected to raise at least $25 billion. This significant interest from investors highlights confidence in Meta's financial stability and growth potential, making it a noteworthy event in the finance sector. Such a large bond sale not only reflects the company's strong market position but also indicates a robust appetite for corporate debt, which could influence future financing strategies across the industry.

The growth of AI models is significantly outpacing improvements in hardware, as highlighted by the ongoing MLPerf competition organized by MLCommons. This trend raises concerns about the sustainability of AI advancements, as the increasing complexity of models demands more powerful hardware that isn't keeping up. Understanding this gap is crucial for stakeholders in the tech industry, as it could impact future developments and investments in AI technology.

The recent APEC summit in South Korea aimed to highlight regional cooperation on clean energy and supply chain resilience, but instead turned into a stage for global diplomacy. With leaders like Trump and Xi present, the event showcased the complexities of international relations, emphasizing that while tensions may freeze, the underlying friction remains. This matters as it reflects the ongoing challenges in achieving true collaboration among major economies.

In the world of video editing, trimming is a crucial task, especially for social media clips and YouTube videos. The latest article highlights the top 10 video trimmer tools that not only allow for quick cuts but also leverage AI technology to enhance the editing process. These tools can automatically detect scene changes and silences, significantly reducing the time spent on manual editing. This matters because it empowers creators to produce high-quality content more efficiently, making it easier to engage audiences.

In a recent article, best-selling author Aarav Joshi invites readers to delve into advanced Rust pattern matching techniques, emphasizing their importance in creating safer and more expressive code. This topic is crucial for developers looking to enhance their programming skills and improve code quality, making it a valuable resource for both beginners and experienced programmers alike.

OpenAI has announced that it will start selling additional Sora credits for $4 each, a move that has raised concerns among users about the future of free generations. This change indicates a shift in OpenAI's approach to monetization, which could impact accessibility for many users who rely on the free service. As the company plans to reduce the number of free generations available, it raises questions about the balance between profitability and user experience.

In a personal journey shared on Dev.to, a developer reflects on how AI transformed their coding skills from basic copy-pasting to becoming a confident full-stack developer. Initially feeling lost and lacking direction, they realized the importance of authenticity in their work. By stepping back from public platforms and embracing AI tools, they were able to deepen their knowledge and find their unique voice in the tech community. This story highlights the potential of AI in enhancing personal growth and skill development in the ever-evolving tech landscape.

Kamala Harris recently expressed her disappointment in a call with Joe Biden, describing him as 'all about himself' just before her debate with Trump. This revelation sheds light on the tensions within the Democratic Party and raises questions about Biden's leadership style, especially as the party gears up for the upcoming elections.