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Jon Keegan

Huawei readies AI chip to compete with Nvidia’s H100

Huawei is readying a homegrown answer to Nvidia’s ubiquitous H100 GPU, The Wall Street Journal reports.

The Chinese tech giant is reaching out to companies to test the forthcoming GPU, which is expected to ship in May, according to the report.

The H100, while now eclipsed by the newer and more powerful Blackwell series of chips, was hoarded by AI companies in the hundreds of thousands, and helped build the current generation of models.

But this key chip has long been restricted by US export controls, forcing Chinese companies to use Nvidia’s lower-power Chinese market H20 processors or find creative ways to smuggle the chips into the country.

While Chinese AI startup DeepSeek showed the world that it doesn’t need a gazillion of the latest GPUs to upend the industry, a domestically produced AI chip on par with the H100 would be a huge deal for China in the global arms race for AI.

The H100, while now eclipsed by the newer and more powerful Blackwell series of chips, was hoarded by AI companies in the hundreds of thousands, and helped build the current generation of models.

But this key chip has long been restricted by US export controls, forcing Chinese companies to use Nvidia’s lower-power Chinese market H20 processors or find creative ways to smuggle the chips into the country.

While Chinese AI startup DeepSeek showed the world that it doesn’t need a gazillion of the latest GPUs to upend the industry, a domestically produced AI chip on par with the H100 would be a huge deal for China in the global arms race for AI.

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Meta buys chip startup Rivos in effort to lower its reliance on Nvidia

Meta is buying AI chip startup Rivos for an unknown sum, as part of the social media company's effort to decrease its reliance on graphics processing units from Nvidia, Bloomberg reports. Rivos was seeking funding in August at a $2 billion valuation. Meta has been spending exorbitant sums in an effort to create AI models that are smarter than humans, an effort that’s involved investing in developing its own AI chips.

⚡️ +267% ⚡️

A new analysis by Bloomberg looked at wholesale electricity prices and found that in the past five years, areas near data centers saw their prices spike as much as 267%. More than 70% of the price increases took place in areas less than 50 miles from a data center.

As tech companies race to build colossal data centers, unprecedented energy demands from the projects are passing some of the costs on to consumers.

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OpenAI’s first-half 2025 sales were 16% higher than all of 2024

OpenAI brought in $4.3 billion in revenue in the first half of this year, 16% higher than its total revenue in 2024, The Information reports, citing financial disclosures to shareholders. The ChatGPT maker also burned through $2.5 billion in the same time frame.

Currently the company is generating more than $1 billion in revenue each month, which puts it on track to reach its full-year projection for $13 billion in revenue and $8.5 billion in cash burn — a paltry sum compared to the $115 billion it expects to burn through 2029.

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