Tazapay, a cross-border payments infrastructure platform, has secured strategic backing from Ripple and Circle Ventures in its Series B funding round led by Peak XV Partners. Funding to Fuel Global Expansion Ripple and Circle Ventures were among the heavyweight investors that participated in the Series B funding round for Tazapay, a cross-border payments infrastructure platform.
Technological revolutions see rogue actors adapting faster than institutions. Increasing technical complexity of financial institution architecture puts them at risk.
Cronos is surging in price, hitting a three-year high after President Trump's media company said it would build a CRO treasury.
BitcoinWorld Nvidia’s Triumph: Record GPU Sales Propel the AI Boom Forward The world of technology, and by extension, the cryptocurrency landscape, is constantly evolving. At the heart of much of this innovation lies artificial intelligence, and one company has consistently proven itself indispensable to its progress: Nvidia . The tech giant recently unveiled its latest earnings report, revealing not just growth, but an astounding surge in revenue, firmly cementing its position as a cornerstone of the ongoing AI boom . For those tracking the pulse of digital transformation, Nvidia’s performance offers crucial insights into where capital and innovation are truly flowing. Nvidia’s Unprecedented Growth: What’s Driving the Surge? Nvidia, now widely recognized as the world’s most valuable company, has once again demonstrated its incredible momentum. Its latest earnings statement showcased a remarkable $46.7 billion in revenue, marking a significant 56% increase compared to the same period last year. This phenomenal growth isn’t just a number; it’s a clear indicator of the insatiable demand for the advanced processing power that underpins modern AI. The primary catalyst for this financial triumph is Nvidia’s AI-dominated data center revenue . This segment alone witnessed an impressive 56% year-over-year increase in revenue, contributing a staggering $41.1 billion to the company’s total. Such figures underscore the critical role Nvidia’s Graphics Processing Units (GPUs) play in powering everything from large language models to complex machine learning algorithms. Key highlights from the report include: Total Revenue: $46.7 billion, a 56% increase year-over-year. Net Income: $26.4 billion, a substantial 59% spike from the previous year. Data Center Contribution: $41.1 billion in revenue, directly reflecting the intense demand from AI companies. These numbers paint a vivid picture of a company at the zenith of its industry, riding the wave of technological advancement like no other. The Power of Blackwell: Fueling the Next Generation of AI A significant portion of Nvidia’s success can be attributed to its cutting-edge hardware. The company’s most advanced generation of chips, the Blackwell platform , accounted for an incredible $27 billion of those data center sales. This is not merely an incremental improvement; it’s a revolutionary leap forward in AI computing. As CEO Jensen Huang boldly stated, “Blackwell is the AI platform the world has been waiting for. The AI race is on, and Blackwell is the platform at its center.” The Blackwell platform is designed to handle the most demanding AI workloads, offering unparalleled speed and efficiency. A compelling example of its prowess was highlighted in the report: its role in the launch of OpenAI’s open-source GPT-OSS models. A single NVIDIA Blackwell GB200 NVL72 rack-scale system processed an astonishing 1.5 million tokens per second, showcasing the sheer computational power that is now accessible to AI developers and researchers. For the crypto community, this translates into potential for more sophisticated decentralized AI applications, faster processing for blockchain-based machine learning, and new avenues for innovation where high-performance computing is paramount. Geopolitical Headwinds: Navigating the China Market for GPU Sales Despite its global dominance, Nvidia faces significant geopolitical challenges, particularly concerning its access to the lucrative Chinese market. The United States has long imposed restrictions on the sale of advanced GPUs to Chinese customers, a situation that has seen recent, complex developments. In the past quarter, Nvidia reported no sales of its China-focused H20 chip to Chinese customers. Interestingly, $650 million worth of H20 chips were sold to a customer outside China, highlighting the intricate nature of global supply chains and regulatory environments. The Trump administration introduced an unconventional arrangement allowing chip sales to China, albeit with a 15% export tax to the U.S. Treasury – a move that legal scholars have critically described as an unconstitutional abuse of power. However, the situation remains fluid. The Chinese government has officially discouraged the use of Nvidia chips by local businesses, reportedly leading Nvidia to halt production of the H20 chip earlier this month. This ongoing struggle underscores the delicate balance between technological innovation, economic interests, and national security, posing a unique challenge for Nvidia’s otherwise stellar GPU sales trajectory. What Does This Mean for the Future of AI and Tech Investments? Nvidia’s impressive earnings and its strategic positioning in the AI sector offer several insights for investors and tech enthusiasts alike: Sustained AI Investment: The massive data center revenue clearly indicates that companies are continuing to pour significant capital into AI infrastructure, signaling a long-term commitment to the technology. Innovation is Key: The success of the Blackwell platform proves that continuous innovation in hardware is critical for maintaining a competitive edge in the rapidly evolving AI landscape. Geopolitical Risks Persist: While the AI boom is global, regulatory environments and international relations can significantly impact market access and growth for even the most dominant players. Interconnected Ecosystem: The demand for powerful GPUs from AI companies directly impacts the broader tech ecosystem, including cloud computing providers, software developers, and even indirectly, the demand for energy and infrastructure that could influence crypto mining or decentralized computing networks. Nvidia anticipates continued strong performance, projecting $54 billion in revenue for the third quarter. Notably, this outlook, which could shift 2% in either direction, explicitly excludes any H20 shipments to China, further emphasizing the impact of the current geopolitical climate on its forecasts. Conclusion: Nvidia at the Forefront of a Technological Revolution Nvidia’s latest earnings report is more than just a financial statement; it’s a testament to the transformative power of artificial intelligence and the company’s unparalleled role in driving it forward. With record-breaking GPU sales and soaring data center revenue , fueled by the revolutionary Blackwell platform , Nvidia is not just participating in the AI boom – it’s orchestrating it. While geopolitical tensions present a complex challenge, Nvidia’s core business remains robust, demonstrating the critical need for its technology across industries. As AI continues to redefine possibilities, from scientific research to everyday applications, Nvidia’s hardware will undoubtedly remain at the heart of this technological revolution, shaping the future of computing for years to come. To learn more about the latest AI market trends, explore our article on key developments shaping AI models and institutional adoption. This post Nvidia’s Triumph: Record GPU Sales Propel the AI Boom Forward first appeared on BitcoinWorld and is written by Editorial Team
Numeraire jumps 90% after Numerai links JPMorgan to $500 million hedge fund capacity investment.
XRP is pressing into a well-defined resistance band around $3.30 after a two-week recovery that lifted the coin back above $3.00 and drew heavier trading volumes.
KindlyMD, a healthcare services firm listed on Nasdaq, has announced plans to raise up to $5 billion through an at-the-market equity offering program (ATM program) filed with the US Securities and Exchange Commission (SEC). The company will issue and sell shares of its common stock under this program, which will give it flexibility to raise funds over time. Bitcoin Treasury Strategy In its official blog post, KindlyMD said that the proceeds will be used for a range of purposes, most notably to support its Bitcoin treasury strategy adopted after its merger with Nakamoto Holdings. Beyond this, the funds may also go toward working capital, acquisitions of businesses or technologies, capital expenditures, and investments in both existing operations and new projects. David Bailey, Chief Executive Officer and Chairman of KindlyMD, said that the launch of the ATM Program represents a “pivotal step” in the Utah-based company’s long-term capital strategy and added, “Following the successful completion of our merger between KindlyMD and Nakamoto just two weeks ago and our initial purchase of 5,744 Bitcoin, this initiative is the natural next phase of our growth plan. We intend to deploy the ATM Program thoughtfully and methodically, using it as a flexible tool to strengthen our balance sheet, seize market opportunities, and deliver accretive value for our shareholders.” Shares of the company fell sharply on August 26 and closed at $8.07, down 12% from the previous session’s close of $9.17. The stock traded lower for most of the day, after slipping from an early peak near $9.5 and bottoming just above $7.9 before stabilizing in the afternoon. In pre-market trading, shares were down another 2.11% to $7.90, which indicated continued pressure. Bitcoin Buying Persists in Weak Market KindlyMD began its Bitcoin strategy this month after completing a merger with Nakamoto Holdings. The move follows plans outlined in May to accumulate the cryptocurrency and grow per-share holdings, or “Bitcoin Yield,” using equity and debt offerings. Data from Bitcoin Treasuries revealed that it currently holds more BTC than firms including Semler Scientific and GameStop. Several US-listed companies have steadily expanded their BTC reserves this year – a trend now joined by KindlyMD. The latest addition comes at a time when Bitcoin is struggling near $110,000, down about 7% over the past month. The post Fresh Off Bitcoin Merger, KindlyMD Unveils $5 Billion Funding Push appeared first on CryptoPotato .