# Daily Fintech News — August 29, 2026 > Daily brief on markets, macro, banking, chips and AI infrastructure. Published August 29, 2026 at 7:00 PM ET by Daily Fintech News. Canonical HTML: https://dailyfintechnews.com/brief/fintech/2026-08-29 **Entities covered:** SpaceX, Data center, Nvidia, China --- ## 1. SpaceX Lays Groundwork for Turbine-Blade Factory to Solve Data Center Power Crunch *Section: AI Infrastructure* Elon Musk intends to bypass the power supply chain for AI data centers by building highly complex turbine components himself — a move others assumed was impossible and no one else has been bold enough to attempt. Permalink: https://dailyfintechnews.com/brief/fintech/2026-08-29#item-1 ## 2. Nvidia Wants to Run the World's Robots. China Is an Eager Customer. *Section: AI · Tickers: $NVDA* Nvidia's 'physical AI' business — chips and software for robots, cars and drones — already generates about $10 billion in annual revenue, and CEO Jensen Huang says it will grow tenfold within a decade, with China emerging as a major customer. - $NVDA close: $217.55 (-4.57%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-08-29#item-2 --- ## Questions this brief answers **What did SpaceX announce on August 29, 2026?** Elon Musk intends to bypass the power supply chain for AI data centers by building highly complex turbine components himself — a move others assumed was impossible and no one else has been bold enough to attempt. **What did Nvidia announce on August 29, 2026?** Nvidia's 'physical AI' business — chips and software for robots, cars and drones — already generates about $10 billion in annual revenue, and CEO Jensen Huang says it will grow tenfold within a decade, with China emerging as a major customer. --- ## More from Daily Fintech News - Previous brief: [August 28, 2026 — Nvidia Posts Largest One-Day Market-Cap Gain Ever as Wall Street Hikes Targets](https://dailyfintechnews.com/brief/fintech/2026-08-28) - Next brief: [August 30, 2026 — Salesforce Overhauls How It Charges for Agentforce AI](https://dailyfintechnews.com/brief/fintech/2026-08-30) - Also covers China, Data center, Nvidia: [September 14, 2026 — AI Rotation Grips Market as FOMC Week Begins: Software Up, Semis Down](https://dailyfintechnews.com/brief/fintech/2026-09-14) - Also covers China, Data center, Nvidia: [September 15, 2026 — Clarity Act Crypto Bill Fails to Advance in Senate; Coinbase, Circle Slide](https://dailyfintechnews.com/brief/fintech/2026-09-15) - Also covers China, Data center, Nvidia: [August 31, 2026 — Tesla rose 5%, its best day since early July, ahead of Cybercab launch event](https://dailyfintechnews.com/brief/fintech/2026-08-31) - [All briefs](https://dailyfintechnews.com/brief/fintech) *Source: Daily Fintech News (https://dailyfintechnews.com). Attribution with a link to the brief URL is appreciated when quoted.*