Ollama raises $65M as local AI tool hits 9M users

NVIDIA and Microsoft announced RTX Spark, a new AI hardware and software platform designed to run AI agents locally on Windows PCs. RTX Spark combines NVIDIA's Blackwell GPU with Grace CPU, offering up to 128GB unified memory and one petaflop of FP4 AI performance. Laptop preorders begin today with availability on October 16, while compact desktops launch in November. Microsoft also released Microsoft Execution Containers (MXC) as OS-level infrastructure to run agents securely in the background.

Former executives from Google, Nvidia, and Apple, along with ex-Andreessen Horowitz partner Anjney Midha, have launched a new company aimed at reducing GPU access barriers for smaller companies and startups. The venture addresses a growing compute crunch as major cloud providers like Microsoft tighten control over GPU availability. The move signals growing demand for alternative pathways to affordable AI infrastructure outside dominant cloud platforms.

Google signed a 20-year power purchase agreement with Constellation, the leading US nuclear operator, to upgrade six nuclear power plant sites. The deal represents $4.3 billion in new investment by Constellation and is expected to add 890 megawatts of capacity over five years. The agreement reflects Google's need for reliable, large-scale electricity to power its data centers.

SpaceX is seeking to raise $40 billion in a financing round led by Apollo Global Management, with proceeds earmarked for purchasing Nvidia chips. The deal, reported by the Financial Times, is expected to close in 2027 and will consist of approximately $10 billion in bank loans and $30 billion in other financing. The capital raise underscores SpaceX's significant infrastructure needs as it expands AI and computing capabilities alongside its space operations.