Nvidia's $500B Chip Sales Projection, Nationwide's $1.5B Tech Investment, and Oracle's AI Expansion - Daily AI Brief #319
October 30, 2025 -
Daily AI Brief
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Welcome to today's AI Brief.
Nationwide has announced a $1.5 billion investment in technology and AI, aiming to enhance its digital capabilities. Meanwhile, Forum AI has launched a new initiative to address AI bias, focusing on creating more equitable AI systems.
Substrate is developing a chipmaking tool to compete with ASML, while Oracle has raised $38 billion to bolster its AI infrastructure. In the chip industry, Nvidia projects $500 billion in sales, reflecting the growing demand for AI technologies.
Welcome to today's AI Brief.
Nationwide has announced a $1.5 billion investment in technology and AI, aiming to enhance its digital capabilities. Meanwhile, Forum AI has launched a new initiative to address AI bias, focusing on creating more equitable AI systems.
Substrate is developing a chipmaking tool to compete with ASML, while Oracle has raised $38 billion to bolster its AI infrastructure. In the chip industry, Nvidia projects $500 billion in sales, reflecting the growing demand for AI technologies.
Nationwide Invests $1.5 Billion in Tech and AI
Nationwide has announced a $1.5 billion investment in technology and AI initiatives through 2028, aiming to enhance efficiency and support financial partners. Read more
Forum AI Launches to Tackle AI Bias
Forum AI, founded by former CNN anchor and Meta executive Campbell Brown, aims to address bias in AI systems. The startup has secured $3 million in seed funding to work with experts on evaluating AI outputs on sensitive topics. Read more
Substrate Develops Chipmaking Tool to Compete with ASML
U.S. startup Substrate has introduced a new chipmaking tool using X-ray lithography, aiming to compete with ASML's advanced equipment. This development is part of Substrate's strategy to lower chipmaking costs and establish a U.S.-based manufacturing business. Read more
Oracle Raises $38 Billion for AI Infrastructure
Oracle Corporation has secured $38 billion in debt to fund data center projects in Texas and Wisconsin, supporting its AI infrastructure expansion. Read more
Nvidia CEO Projects $500 Billion in Chip Sales
At the GPU Technology Conference, Nvidia CEO Jensen Huang announced new partnerships and projected significant sales for the company's latest chips, while addressing concerns about an AI bubble. Read more
Meta Plans Increased Capital Costs for AI Expansion
Meta expects a significant rise in capital expenditures by 2026 due to investments in AI and data centers, despite recent revenue growth and a drop in shares. Read more
Amazon Leases 1 Million AI Chips to Anthropic
Amazon.com, Inc. has leased 1 million custom AI chips to Anthropic for AI model development, with plans to utilize them by 2025. This move highlights Amazon's investment in AI technology amid growing competition in the AI processor market. Read more
Sam Altman Backs Merge Labs for Brain-Computer Interface
OpenAI CEO Sam Altman is funding Merge Labs, a startup developing a brain-computer interface using ultrasound technology. The project, led by Caltech's Mikhail Shapiro, aims for a non-invasive brain scanning method. Read more
Andreessen Horowitz Plans $10 Billion Fund for AI and Defence Startups
Andreessen Horowitz is planning to raise $10 billion to invest in AI and defence technology startups, marking its largest fundraising effort to date. Read more
Delta Unveils AI Data Center Microgrid Solution
At Energy Taiwan 2025, Delta introduced a new AI Data Center Microgrid Solution to enhance power management for AI workloads, featuring Solid-State Transformers for improved efficiency. Read more
Harvey Secures $150 Million from Andreessen Horowitz
Legal AI startup Harvey has raised $150 million in a funding round led by Andreessen Horowitz, reaching a valuation of $8 billion. Read more
Emerald AI and NVIDIA Launch AI Factory in Virginia
A coalition including Emerald AI and NVIDIA has announced the Aurora AI Factory in Virginia, aiming to unlock 100 GW of grid capacity and enhance AI infrastructure. Read more
Caterpillar Stock Reaches Record High Due to AI Demand
Caterpillar's stock hit a record high following strong demand for power-generation equipment from AI data centers, leading to better-than-expected earnings and revenue. Read more
Foxconn to Invest $1.4 Billion in AI Data Center Equipment
Foxconn has announced plans to invest up to $1.4 billion in AI data center equipment between December 2025 and December 2026. This investment is part of their strategy to enhance cloud computing services and support smart manufacturing, electric vehicles, and smart cities. Read more
Chegg Cuts 45% of Workforce Amid AI Challenges
Chegg is reducing its workforce by 45%, cutting 388 positions, due to the impact of generative AI and decreased Google-driven traffic. Dan Rosensweig returns as CEO to guide the company through these changes. Read more
Cursor 2.0 and Composer Launched
Cursor has released version 2.0 and a new coding model, Composer, which enhances coding speed and efficiency with a multi-agent interface. Read more
Phia Founders Discuss AI's Role in Online Shopping
Phoebe Gates and Sophia Kianni, founders of the AI startup Phia, discuss how their platform improves online shopping by aiding in price comparison and understanding item value, including second-hand options. Read more
Character.AI Restricts Chatbot Access for Minors
Character.AI has decided to end open-ended chatbot access for users under 18 due to safety concerns. The company will implement age verification and limit chat features, focusing on creative role-playing instead. Read more
Grammarly Rebrands as Superhuman and Launches AI Assistant
Grammarly has rebranded to Superhuman following its acquisition of the email client. The company introduced a new AI assistant, Superhuman Go, which offers writing suggestions and integrates with apps like Jira and Google Calendar. Read more
MINDSET Launches AI-Driven CaseReview Platform
MINDSET has launched a new Full-Service CaseReview software platform that integrates AI technology with human expertise to aid legal firms in managing case records. The platform aims to facilitate the adoption of LegalTech by providing efficient organization, summarization, and analysis of legal documents. Read more
Google DeepMind Develops BlockRank for AI Ranking
Researchers at Google DeepMind have introduced BlockRank, a method designed to enhance the efficiency of information ranking in large language models, promising faster processing times. Read more
Cisco and NVIDIA Collaborate on AI Innovations
Cisco has announced new AI infrastructure advancements, including a collaboration with NVIDIA to enhance AI capabilities for neocloud, enterprise, and telecom sectors. Read more
Trend Micro and NVIDIA Collaborate on AI Security
Trend Micro has launched a new integration with NVIDIA BlueField to provide comprehensive protection for Agentic AI systems, enhancing security in AI factories. Read more
OpenAI Launches gpt-oss-safeguard Models
OpenAI has introduced gpt-oss-safeguard, open-weight safety reasoning models, to help developers create custom safety policies for content classification. Read more
ElevenLabs CEO on Future of AI Audio Models
ElevenLabs CEO Mati Staniszewski discussed at TechCrunch Disrupt 2025 how AI audio models are expected to become commoditized and highlighted the shift towards multi-modal approaches. Read more
Cisco and KAUST Launch AI Institute in Saudi Arabia
Under the patronage of H.R.H. Prince Abdulaziz bin Salman, Cisco and KAUST have launched a new AI Institute in Riyadh, aiming to boost AI research and education in line with Saudi Arabia's Vision 2030. Read more
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