Colette Kress is now Nvidia's interim CEO and has pledged to keep the chipmaker at the centre of AI. She admitted the firm is going through a very hard stretch.
Her first job is steadying things after founder Jensen Huang resigned over allegations of an affair, including with a woman reportedly tied to Chinese intelligence, a link China has denied.
Kress, a former CFO who joined in 2013 when Nvidia was mainly a gaming chip maker, helped steer its shift to AI and led talks on a $30 billion OpenAI investment.
AI-related financing now makes up about a quarter of bank lending growth to companies in the euro zone, the European Central Bank's chief economist Philip Lane said.
Lane noted that credit has stayed robust despite higher interest rates and an oil price shock. Without AI, company loan growth would be 3% a year instead of 4%, even though AI sectors are a small part of the economy.
He would prefer more investment funded through equity, which could let AI-native firms expand faster. The ECB is expected to raise rates again at its December meeting.
Sachin Tendulkar has taken a non-controlling stake in Recykal, the Indian waste management technology firm.
His investment extends the $23 million round Recykal closed in June. The company will use the money to strengthen its tech platform, expand its Deposit Return System for packaging waste, and grow internationally.
Recykal's goal is to change the habits of a billion people, and Tendulkar said he was drawn in by how technology tackled a daily problem.
SpaceX plans to invest more than $74 billion across two AI supercomputing campuses, one in Texas and one in Arizona.
The Texas facility at Starbase, estimated at over $24 billion, will sit on about 444 acres near Brownsville and generate its own power off the public grid. The project has already created over 3,000 construction jobs.
The roughly $50 billion Arizona campus in Cochise County could scale up to 6 gigawatts, though it still needs county approvals. The Starbase city commission will weigh a property tax break for the Texas project on December 9.
