Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Nvidia (NVDA) shot down a report by The Information that China’s DeepSeek has been secretly using Nvidia’s advanced Blackwell AI chips to develop its next AI model.
The Blackwell chips being used by DeepSeek (DEEPSEEK) were reportedly smuggled into China, according to CNBC. U.S. export restrictions currently prohibit sales of the advanced chips to Chinese companies due to national security concerns.
“We haven’t seen any substantiation or received tips of ‘phantom data centers’ constructed to deceive us and our OEM partners, then deconstructed, smuggled, and reconstructed somewhere else,” a Nvidia spokesperson said in a statement, according to CNBC. “While such smuggling seems far-fetched, we pursue any tip we receive.”
- Tesla (TSLA) CEO Elon Musk’s fortune could reach nearly a trillion dollars if his space transportation company SpaceX (SPACE) goes public, according to Bloomberg.
The IPO could increase Musk’s fortune from $491 billion to more than $952 billion, based on a $1.5 trillion pre-money valuation of the company, according to calculations by Bloomberg Billionaires Index.
SpaceX (SPACE) is reportedly eyeing an IPO in mid-to-late 2026. The company is believed to have generated revenue of around $15 billion in 2025, Bloomberg added.
SpaceX is the parent company of satellite-based internet provider Starlink (STRLK).
- Starcloud, which is backed by Nvidia (NVDA), said it has trained an AI model in space, an industry first, as part of its quest to develop orbiting data centers.
The company said that its Starcloud-1 satellite, which it launched last month with a Nvidia H100 GPU, is now running Google’s (GOOG) (GOOGL) Gemma LLM, according to CNBC.
“Anything you can do in a terrestrial data center, I’m expecting to be able to be done in space. And the reason we would do it is purely because of the constraints we’re facing on energy terrestrially,” Starcloud CEO Philip Johnston told CNBC, adding that orbiting data centers are expected to have ten times lower energy costs than terrestrial data centers.