Nvidia (NVDA) CEO Jensen Huang kicked off the company’s GTC event in San Jose, Calif., with his annual keynote speech on Monday. Huang spent roughly two hours providing deeper insights into Nvidia’s business and announced a slew of deals and updates, including its all-new Nvidia Groq 3 chip, an AI chip for space, and the NemoClaw platform for AI agents.

During his keynote, Huang also forecast that AI chip sales would reach $1 trillion by 2027, raising expectations from a previous outlook of $500 billion in demand through 2026.

That was followed on Tuesday by Microsoft’s (MSFT) announcement that it plans to shake up the company’s AI organization, centralizing its commercial and consumer Copilot teams under the new executive vice president of Copilot, Jacob Andreou.

The changes will allow Microsoft’s CEO of AI, Mustafa Suleyman, to focus on Superintelligence efforts and on building AI models, he said in a memo.

Meanwhile, AI cloud company Nebius (NBIS) reached a deal with Meta (META) this week to provide the hyperscaler with up to $27 billion worth of capacity starting in 2027. Meta is reportedly considering mass layoffs as it looks to offset mounting spending on AI.