AI Daily: Nvidia suppliers accelerate production of Blackwell AI server racks

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:

BLACKWELL AI SERVER RACKS: Nvidia’s (NVDA) suppliers, including Foxconn, Inventec, Dell (DELL) and Wistron, have made a series of breakthroughs that have allowed them to accelerate production of its flagship AI data center “racks” and start shipments of the highly anticipated “Blackwell” AI servers, according to Financial Times‘ Eleanor Olcott and Michael Acton, citing several people familiar with the matter.

NEW APPOINTMENT: Anthropic has announced that Reed Hastings, Chairman and co-founder of Netflix (NFLX) who served as its CEO for over 25 years, has been appointed to Anthropic’s board of directors by its Long Term Benefit Trust. “Hastings brings extensive experience from founding and scaling Netflix into a global entertainment powerhouse, along with his service on the boards of Facebook (META), Microsoft (MSFT), and Bloomberg,” the company said. Hastings recently made a $50 million gift to Bowdoin College to establish a research initiative on AI and Humanity. The program examines how AI will transform work, relationships, and education, and develops ethical frameworks for its use. These are all areas that align closely with Anthropic’s own research priorities. Hastings said, “Anthropic is very optimistic about the AI benefits for humanity, but is also very aware of the economic, social, and safety challenges. I’m joining Anthropic’s board because I believe in their approach to AI development, and to help humanity progress.”

SHORT TEMPUS AI: Spruce Point Capital Management issued a report entitled, “The Tempest Surrounding Tempus AI”, that outlines why the firm believes and estimates that shares of Tempus AI (TEM) face up to 50%-60% potential downside risk, or $26.35 – $32.95 per share. Tempus Founder Eric Lefkofsky and his associates “have a history of promoting disruptive technology companies, cashing out early, and leaving public shareholders with losses or lackluster returns” and multiple board members and other executives “have been associated with troubled companies that restated financial results,” the firm stated. The firm believes the company’s recent financial guidance revision “reveals weakness in core operations” and that “owning shares of Tempus is a poor risk/reward,” Spruce Point added.

AI FRAUD DETECTION TECH: Fannie Mae (FNMA) announced the launch of its AI-powered Crime Detection Unit in partnership with AI software company Palantir (PLTR). “The new partnership will expand Fannie Mae’s fraud detection capabilities with leading AI-enabled financial crimes data science and investigations technology. This foundation will power Fannie Mae’s Crime Detection Unit, a new platform that the company believes will help detect and prevent mortgage fraud with speed and precision never before seen in the U.S. housing market. Fannie Mae’s Crime Detection Unit’s capabilities will save the U.S. housing market millions in future fraud losses,” Fannie Mae stated. “No one is above the law. In partnership with Palantir, Fannie Mae’s Crime Detection Unit will increase safety and soundness by rooting out bad actors in our housing system. This cutting-edge AI technology will help us find criminals who try to defraud our system,” added Fannie Mae Chairman William J. Pulte.