A momentous week in the technology sector made it clear there is no sign the boom in building artificial intelligence infrastructure is slowing — despite the bubble talk.

It’s been called “the scariest chart in the world.”

The development would be part of the “Stargate” artificial intelligence initiative by companies OpenAI and Oracle. See link below ⬇️ bit.ly/4oh2LvR

Fresh from $5 trillion valuation, global chips giant Nvidia has signed deals with LG, Hyundai and Samsung

Nvidia is well positioned to excel for years to come.

Amazon shares jumped nearly 12% in premarket trade on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race.

Amazon Web Services reported third-quarter revenue of $33 billion, an increase of 20% from the prior year and the biggest year-over-year rise since the end of 2022. Investor expectations for the cloud business were relatively low heading into Thursday’s earnings report after the company in recent quarters cited constraints in getting new data centers online. Chief Executive Officer Andy Jassy and other executives had said they were optimistic about the business, though they stopped short of forecasting a reacceleration of growth.

AWS power use to triple in five years:

Here are seven unusual financial agreements helping to drive the ambitions of the poster child of the A.I. revolution.