Nvidia has said revenue opportunities from its artificial intelligence chips could reach at least $1tn by 2027, sharply raising its outlook as demand for AI technology continues to surge.

Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8.3% in extended trading.

Google is pursuing strategies to broaden the market for its artificial-intelligence chips as it seeks to compete with Nvidia, the current market leader.

Quantum computing firm Rigetti Computing has secured an $8.4 million purchase order to deliver a 108-qubit quantum computer to India, marking a major step in the country’s push toward advanced computing technologies.

China has activated a 2,000km-wide distributed AI computing hub connected by a high-speed optical network, in what officials say may be the world’s largest system of its kind. The network links distant computing centers so efficiently that they can operate like a single super-computer, achieving up to 98% of the performance of one unified data facility.