What happens to old AI chips?

Get exclusive scoops, insights and analysis from Bloomberg technology reporters with the Tech Newsletter Bundle subscription. Includes the subscriber-only newsletters Tech In Depth, Power On, Q&AI, Game On and Soundbite and paywall-free access to the links in them.
Subscribe now

Hi, you're receiving our free Tech In Brief newsletter because you had been getting one of Bloomberg's technology newsletters that are now subscriber-only. You can manage your subscriptions here.

Tech Across the Globe

Intel stake: The Trump administration is considering using funds from the US Chips Act to take a stake in Intel, according to people familiar with the discussions.

OpenAI stakes: Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group. The valuation of the company for that sale? $500 billion.

Crypto pullback: Within days of Bitcoin hitting a record of $125,514 per token, major cryptocurrencies retreated to drag the market's total value below $4 trillion.

Revalued

Transport-tech company Via filed publicly for an IPO, reporting narrower losses for the six months ended June 30 compared with the year-earlier period. The firm sells software and operational services to transit agencies and cities to help plan public transportation routes. It was valued at $3.5 billion in February 2023, Bloomberg previously reported.

Must Read

Neocloud providers like CoreWeave are highly specialized and tailored for handling artificial intelligence workloads. That means acquiring vast numbers of GPUs, mostly from Nvidia, which then rapidly go out of date as Nvidia pursues an aggressive once-per-year upgrade cycle. What happens to the cutting-edge semiconductors once they're no longer cutting edge? Ed Ludlow delves into the issue in today's Tech In Depth essay.