AI Daily: Corning, Nvidia announce partnership for AI infrastructure

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.

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AI INFRASTRUCTURE: Nvidia (NVDA) and Corning (GLW) announced a multiyear commercial and technology partnership to dramatically expand U.S.-based manufacturing of the advanced optical connectivity solutions needed to power next-generation AI infrastructure. Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber production capacity by more than 50% to meet the accelerating demand driven by AI factory buildouts. The expansion includes the construction of three new advanced manufacturing facilities in North Carolina and Texas and the creation of more than 3,000 new high-paying American jobs.

Jensen Huang, founder and CEO of Nvidia, said, “AI is driving the largest infrastructure buildout of our time – and a once-in-a-generation opportunity to reinvigorate American manufacturing and supply chains. Together with Corning, we are inventing the future of computing with advanced optical technologies – building the foundation for AI infrastructure where intelligence moves at the speed of light while advancing the proud tradition of Made in America.”

In a regulatory filing, Corning disclosed that in connection with the long-term partnership with Nvidia, Corning entered into a securities purchase agreement with Nvidia pursuant to which the company issued and sold to Nvidia a warrant to purchase up to 15M shares of common stock of the company, at an exercise price of $180.00 per share, and a pre-funded warrant to purchase up to 3M shares of common stock at an exercise price of $0.0001 per share, for an aggregate purchase price of $500M.

ROBUST AI-RELATED DEMAND: AMD (AMD) traded higher after the chipmaker gave an outlook that is stronger than expected due to robust AI-related demand. AMD reported Q1 adjusted EPS of $1.37 and revenue $10.3B, with consensus at $1.29 and $9.91B, respectively. “We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure, with Data Center now the primary driver of our revenue and earnings growth. We are seeing strong momentum as inferencing and agentic AI drive increasing demand for high-performance CPUs and accelerators. Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand. Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations and a growing pipeline of large-scale deployments providing us with increasing visibility into our growth trajectory,” said Lisa Su, AMD chair and CEO.

AMD also said it sees Q2 revenue in the range of $10.9B-$11.5B, with consensus at $10.52B. The mid-point of the revenue range represents year-over-year growth of approximately 46% and a sequential increase of approximately 9%. Non-GAAP gross margin is expected to be approximately 56%.

“First quarter results reflect strong performance across all key financial metrics, with accelerating revenue growth, earnings expansion and record quarterly free cash flow. These results highlight continued momentum and execution across the business, demonstrating the leverage in our operating model as we invest for accelerated growth while expanding profitability,” said Jean Hu, AMD executive vice president, CFO and treasurer.

CHATGPT ADS: OpenAI said the company is “taking the next step” in its ChatGPT ads pilot by making it easier for businesses to participate while keeping the experience “useful, private, and clearly separate from ChatGPT’s answers.” Advertisers can now create ChatGPT ads through partners or a new beta self-serve Ads Manager. OpenAI is also introducing cost-per-click bidding and expanded measurement tools. “We’ll continue to support CPM (cost-per-mille impressions) and CPC buying, and over time expect to support more ways for advertisers to bid and optimize for the outcomes they care about most,” the company explained.

Meanwhile, Criteo provided an update on the company’s integration with OpenAI. “In March 2026, we announced our integration with OpenAI’s advertising pilot in ChatGPT, becoming the first advertising technology partner to integrate. Criteo was selected because of our ability to bring immediate scaled demand, global market reach, and a proven platform that marketers already use across channels. That combination made it possible to move quickly while keeping activation familiar for marketers and operationally simple across platforms. Today, OpenAI is expanding that vision with the launch of self-service ads, a meaningful step forward for the ecosystem that makes conversational AI accessible to more marketers… While we’re still in the early stages of this partnership, momentum is building quickly,” the company said. “As the pilot program continues to evolve, our focus remains on three priorities: keeping the user experience central, making AI-native media additive for marketers, and continuing to learn and scale responsibly.”

PARTNERSHIP WITH SPACEX: Anthropic said that it has “agreed to a partnership with SpaceX that will substantially increase” its compute capacity. “This, along with our other recent compute deals, means that we’ve been able to increase our usage limits for Claude Code and the Claude API… The following three changes-all effective today-are aimed at improving the experience of using Claude for our most dedicated customers. First, we’re doubling Claude Code’s five-hour rate limits for Pro, Max, Team, and seat-based Enterprise plans. Second, we’re removing the peak hours limit reduction on Claude Code for Pro and Max accounts. Third, we’re raising our API rate limits considerably for Claude Opus models… As part of this agreement, we have also expressed interest in partnering with SpaceX to develop multiple gigawatts of orbital AI compute capacity,” the company said.

GOOGLE CLOUD, CHIPS: Anthropic plans to spend about $200B on Google’s (GOOGL; GOOG) cloud and chips over five years, representing more than 40% of the “revenue backlog” Google disclosed last week, The Information’s Sri Muppidi, Erin Woo, and Amir Efrati report.

DELAYED AI SIRI: Apple (AAPL) has agreed to pay $250M to settle a U.S. false advertising lawsuit over its delayed AI-enhanced Siri features promoted during 2024 iPhone launches, resolving claims from iPhone 15 and 16 buyers without admitting wrongdoing ahead of an expected AI-focused product reveal, The Financial Times’ Michael Acton reports. The lawsuit claimed that in 2024 Apple “promoted AI capabilities that did not exist at the time, do not exist now, and will not exist for two or more years” as it looked to drive more iPhone sales.