Arm CEO Rene Haas said AI will be able to cure cancer that humans cannot achieve in their lifetimes, but that current DNA-marker modelling is still too complex and chip shortages are slowing AI rollouts. He cited that Arm’s power-efficient tech is used in half of AI data centres worldwide. He linked the delay to limited chip supply, while pointing to expanding demand for Arm’s own AI chips and expecting more AI-robot use over the next decade.
Xiaomi launched the 18 Fold in mainland China with a custom Xring O3 chip that includes an Arm Mali G2-Ultra NX graphics processor. The GPU includes an AI gaming graphics accelerator after 5 years of development. Mobile games should run faster and support higher resolution and advanced lighting techniques without increasing power use.
A fire broke out in an unfinished Lake Mariner AI data center building in Somerset, New York, leaving firefighters with no working alarm or suppression system and no accessible safety documents after the blaze. The project is a $3.2 billion campus with multiple stakeholders including TeraWulf, Fluidstack, Google, and Anthropic. The incident highlights gaps in on-site safety information and makes the ownership and payment/compute arrangements behind the facility more visible.
European tech investment slowed in August as companies raised €3.2 billion across 165 funding rounds, down from €8.6 billion across 267 deals in July. AI drew €677.1 million of that total, but AI-company funding fell by about 62% from €1.8 billion in July. As a result, the month saw 37 exits versus 51 in July, with fewer rounds and reduced exit activity overall.
NVIDIA CEO Jensen Huang said AGI has arrived, pointing to OpenAI’s newest ChatGPT model trained on Nvidia hardware. He cited training on about 100,000 Nvidia chips (after initially mentioning 300,000). The claim is prompting market focus on Nvidia’s GPU supply and compute revenue, while OpenAI has not said AGI has arrived and Huang indicated 400,000 more chips will be switched on soon.
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