AI News Briefing — May 28, 2026

Nvidia CEO Jensen Huang announced plans to invest up to 150 billion dollars annually in Taiwan, including a new headquarters, declaring the island the epicenter of the AI revolution. The move underscores Taiwan's irreplaceability in the chip supply chain despite US efforts to onshore AI manufacturing.

AI coding startup Cognition, maker of Devin, raised 1 billion dollars at a 25 billion dollar pre-money valuation, more than doubling its valuation in eight months. The company reports a 492 million dollar annualized revenue run rate.

Cognition raised over 1 billion dollars at a valuation north of 26 billion dollars in under nine months, more than doubling its worth. The round highlights heavy investor inflows into AI coding agents despite ongoing debate over their real value.

Alex Rives at BioHub announced ESMFold 2, an open scientific engine for protein prediction, design, and discovery building on the ESM language-model series and cryo-EM data. The work extends scaling laws of protein language models to structure and function.

Snowflake signed a five-year, 6 billion dollar deal with AWS to secure CPU chips for AI workloads. The agreement signals continued diversification away from Nvidia GPUs toward custom silicon.

Nvidia's annual spending with Taiwanese suppliers like TSMC has surged from 15 billion to 150 billion dollars, driven by the AI boom. The tenfold rise underscores AI's strain on the chip supply chain.

AI inference providers Fireworks and Baseten are reportedly raising rounds valuing them at 15 billion and 11 billion dollars respectively, with OpenRouter also rising. The trend reflects an inference inflection drawing huge capital into AI infrastructure.