- Bay Area Times
- Posts
- NVIDIA debuts Nemotron 3 Super open-weight model, best U.S.-made model, plans $26B buildout
NVIDIA debuts Nemotron 3 Super open-weight model, best U.S.-made model, plans $26B buildout
Bay Area Times
March 12, 2026
Brought to you by:
Top stories today:
- NVIDIA debuts best U.S.-made open-weight model
- Anysphere, Cursor maker, early talks to raise $5B at up to $60B
- Oil +6% to $92 after Iran strikes tankers in Strait of Hormuz
- Binance sues WSJ as DOJ said to probe Iran’s use of exchange
- Anthropic in talks with Blackstone on Claude consulting JV
- SEC, CFTC agree to coordinate oversight, build joint crypto framework
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. NVIDIA debuts Nemotron 3 Super open-weight model, best U.S.-made model, plans $26B buildout
Nemotron 3 is still behind Chinese open models:
A 120B-parameter hybrid MoE model, NVIDIA’s most capable open-weight AI model to date.
$26B investment over 5 years on building open models.
The strategy could create a U.S.-made alternative to open-weight Chinese models.
Stop swapping between tools. 150,000+ Microsoft customers use Slack to connect every tool and automate workflows.
Watch the demo to see integrations with Office and SharePoint, AI-powered automation, and no-code search.
Benefit from an open ecosystem with 2,600+ apps that puts AI at the center of collaboration.
*Sponsored.
3. Anysphere, Cursor maker, said in early talks to raise $5B at up to $60B valuation
The discussions are preliminary and may not lead to a funding deal.
$2B+ ARR in Feb.
4. Oil +6% to $92 after Iran strikes tankers in Strait of Hormuz
The tankers hit in Iraq’s territorial waters were the Marshall Islands-flagged Safesea Vishnu and the Malta-flagged Zefyros, Iraq’s SOMO said:
