Nvidia is a company that makes special computer chips that help other companies use computers to learn and think better. Sustainable Metal Cloud is a company that wants to build big places with lots of computers to help other companies use AI (Artificial Intelligence) better. They need a lot of money to do this, and Nvidia's chips are very important for their plan. They are going to use some of the money to buy more of Nvidia's chips. This is good for Nvidia because they will sell more chips and make more money. Read from source...
- The article is written in a casual, unprofessional tone, using slang and informal expressions, such as "powers", "raising", "expanding", etc.
- The article is full of grammatical errors and punctuation mistakes, such as missing commas, periods, capitalization, etc.
- The article is poorly structured and organized, with no clear introduction, body, or conclusion. The information is presented in a random and disjointed manner, without any logical flow or coherence.
- The article is based on a single source, which is not credible or reliable, and does not provide any evidence or data to support its claims. The article also uses outdated and irrelevant images, such as the one of Hopper architecture, which has nothing to do with the article topic.
- The article is biased and one-sided, presenting Nvidia as the only solution and beneficiary of SMC's expansion, without considering any alternative options or competitors. The article also uses subjective and emotional language, such as "crucial", "ambitious", "booming", etc., to persuade the reader to adopt a positive view of Nvidia and SMC.
Nvidia Corp NVDA chips are at the heart of Sustainable Metal Cloud’s (SMC) ambitious expansion plans. The Singapore-based data center upstart seeks to raise about $950 million to fuel growth driven by the global artificial intelligence boom. The company, affiliated with Australia’s Firmus Technologies, is finalizing an initial equity round of approximately $400 million and raising an additional $550 million in debt, Bloomberg reports. The funds will help to expand the company’s data centers beyond Singapore. SMC aims to capitalize on the growing demand for data centers in Asia. The region is becoming a hotspot for tech conglomerates and AI startups seeking computing capacity. Currently, SMC boasts over 1,200 of Nvidia’s high-end H100 AI chips in Singapore and plans to increase this number to 5,000 by the end of the year. According to Moody’s Ratings, companies are projected to invest around $564 billion in the Asia-Pacific region’s data centers by 2028, with capacity growing at a compound annual rate of nearly 20%, Bloomberg writes. The broader semiconductor index is facing a selloff amid growing geopolitical tensions between the U.S. and China over advanced semiconductor technology. This quarter’s Big Tech earnings results contributed to the selloff by failing to impress the Street. The impending U.S. presidential election became crucial for the industry as President Joe Biden withdrew their candidature for the election race. At the same time, former President Donald Trump made unflattering remarks over key Nvidia supplier Taiwan Semiconductor Manufacturing Co TSM. Invesco QQQ Trust,