Nvidia Nears $5 Trillion Valuation on AI Chip Orders; Uber to Deploy 100,000 Autonomous Vehicles
Key Takeaways
- Nvidia nears $5T valuation with $500B AI chip orders and US supercomputer deals.
- Uber to deploy 100,000 Nvidia-powered autonomous vehicles by 2027, invests $300M in Lucid.
- US Senators propose banning AI chatbot companions for minors with age verification.
- Amazon plans up to 30,000 job cuts starting October 28, 2025, due to AI and costs.
- Shanghai's wind-powered underwater data center supports AI, 5G, IoT with 24 MW capacity.
Top Stories
Nvidia approaches historic $5 trillion valuation fueled by $500 billion AI chip orders and US government supercomputer plans.
On October 29, 2025, Nvidia shares rose over 3% as CEO Jensen Huang announced $500 billion in AI chip orders and seven new US government supercomputers, driving the company near a $5 trillion market cap.
Uber to deploy 100,000 Nvidia-powered autonomous vehicles starting 2027, partnering with Stellantis for robotaxi network.
On October 28, 2025, Uber announced plans to expand to 100,000 autonomous vehicles using Nvidia AI tech, collaborating with Stellantis to supply 5,000 L4 vehicles for robotaxi services.
Uber invests $300M in Lucid to launch premium robotaxi service with 20,000 Gravity SUVs starting 2026.
In 2026, Uber will deploy a premium robotaxi fleet in San Francisco using Lucid Gravity SUVs with self-driving tech, backed by a $300 million investment and plans to buy 20,000 vehicles.
US Senators propose bipartisan bill banning AI chatbot companions for minors to prevent harm and require age verification.
On October 28, 2025, Senators Hawley and Blumenthal introduced legislation banning AI chatbot companions for minors, mandating age verification and criminal penalties to address safety concerns.
Amazon plans up to 30,000 job cuts starting October 28, 2025, linked to AI and cost reduction.
On October 27-28, 2025, Amazon announced cutting 14,000 to 30,000 jobs to reduce expenses and shift focus toward AI. These cuts follow prior layoffs and reflect pandemic-era over-hiring adjustments.
Shanghai's first wind-powered underwater data center supports AI, 5G, IoT with 24 MW capacity and 22.8% energy savings.
At October 2025 end, Shanghai Hailanyun Technology completed a $226 million underwater data center powered 95% by offshore wind, enhancing AI and 5G with 24 MW capacity and low PUE.
AI Breakthroughs
Google launches Gemini for Home AI assistant upgrade with conversational features and premium options.
On October 28, 2025, Google began early access rollout of Gemini for Home in the US, enhancing Google Assistant with conversational AI and premium features requiring subscription.
Cyber Defense
NVIDIA and US partners launch AI Factory for Government to modernize secure AI infrastructure.
On October 28, 2025, NVIDIA and US tech firms introduced the AI Factory for Government, integrating AI Enterprise software and Blackwell hardware to enhance secure AI deployment.
Future Tech
Lucid collaborates with Nvidia to integrate DRIVE AGX Thor for Level 4 autonomous driving in future vehicles.
On October 28, 2025, Lucid announced a partnership with Nvidia to accelerate full autonomy using DRIVE AGX Thor platforms, aiming for Level 4 capabilities starting with Level 2+ in the Gravity S.
Gadget Mania
OPPO debuts Find X9 Pro in France featuring AI-enhanced camera and battery innovations.
On October 28, 2025, OPPO launched the Find X9 Pro in France, highlighting a 7,500 mAh battery, 200 MP telephoto lens, and AI-powered features for premium smartphone performance.
Tech Business
Gartner predicts 40% AI project cancellations by 2027, 15% automation of decisions by 2028, and $5.43T IT spending in 2025.
In October 2025, Gartner forecasted significant AI-driven IT changes through 2030, including widespread automation, organizational flattening, and $5.43 trillion global IT spending in 2025.