Australia's Firmus announced on Friday it would raise A$500 million ($324.9 million) in a new funding round, as the artificial intelligence company and potential IPO candidate looks to accelerate development of Project Southgate,

Asian shares are lower, tracking Wall Street’s tumble to one of its worst days since April as Nvidia and other AI superstar stocks kept dropping on worries their prices have shot too high.

Nvidia is surpassing Broadcom as investors favor its GPU growth and wider customer base. Aureus Asset Management buys Nvidia and trims Broadcom.

Put simply, owning Nvidia stock puts you in the driver's seat to get a better understanding of the rest of the AI industry. By following the company's movements and earnings announcements, you'll become a significantly better AI investor. All for just $100.

The U.S. and China are in an arms race over AI, which can deliver military and economic advantages. America’s edge is that the world’s top AI chip company, Nvidia, is based in California. Since 2022, China has been barred from buying the most advanced U.S. semiconductors over national-security concerns.

Nvidia denied reports of a $1 billion investment in Mexico after Nuevo León's governor falsely claimed the company would build an AI data center, later clarifying the project involves a local firm using Nvidia's technology instead.

Quantum computing is still years away, but Nvidia just built the bridge that will bring it closer -- a quiet integration of AI, GPUs, and patience that could shorten the wait for the next computing revolution.

The company trained the model using a custom AI cluster. The cluster is powered partly by Ray, an open-source tool for training and running Python-based AI workloads. The technology was co-developed by Cursor co-founder Philipp Moritz a few years before the company launched.