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Browsing: Business and Investments
SambaNova Just Raised $1 Billion at an $11 Billion Valuation to Challenge Nvidia on AI Inference. The Bet Is That Speed at the Edge Matters More Than Raw Training Power and Enterprises Are Starting to Agree.
By precious
SambaNova has secured $1 billion in new funding at an $11 billion post money valuation as the AI chip company…
SK Hynix Just Raised $26.5 Billion on Nasdaq in One of the Largest U.S. Equity Offerings Any Asian Company Has Ever Completed. The Money Has One Destination and It Is Not Coming Back.
By precious
SK Hynix has secured $26.5 billion from its Nasdaq listing, giving the South Korean chip giant one of the biggest…
Meta’s Custom AI Chip Iris Is Going Into Production in September. The Company Spending $145 Billion on AI This Year Has Decided the Cost of Depending on Nvidia Is No Longer Worth It.
By precious
Meta is preparing to begin production of its latest custom artificial intelligence (AI) chip in September as the company pushes…
Apple Just Locked In Its Most Important Chip Partnership Until 2031. Here Is What the Broadcom Extension Reveals About How Serious Apple Is About Owning Its Own Silicon Future
By fariehan
Apple’s Broadcom partnership has entered a new phase after Apple extended its custom chip agreement with Broadcom through 2031. At…
Meta Is Planning to Sell Its Excess AI Compute to Outside Customers. The Company That Was Rationed Gemini Access by Google Just Positioned Itself to Become a Cloud Provider.
By precious
Just days after reports revealed that Google had limited Meta’s access to Gemini because of soaring demand for AI computing…
South Korea Just Committed $880 Billion to Semiconductors and AI Data Centers. Samsung and SK Hynix Are at the Center of the Largest Coordinated Tech Investment Any Country Has Ever Announced.
By precious
South Korea has unveiled plans for at least $880 billion (£666 billion) in investment to build out its chip manufacturing…
OpenAI Has Proposed Giving the U.S. Government a 5% Stake Worth $42.6 Billion. What Looks Like a Goodwill Gesture May Be the Most Unusual Deal in the History of Tech Regulation.
By precious
OpenAI has proposed handing the United States government a 5% ownership stake in the company, a slice worth close to…
Nvidia’s Most Important Memory Supplier Just Went Public on Nasdaq to Raise $29.4 Billion. Here Is Why That Money Matters So Much
By precious
South Korean chipmaker SK Hynix is initiating one of the largest share sales in Wall Street history, with plans to…
Samsung Just Made the Largest Single Investment in South Korean History. Here Is Why $648 Billion Is Going Into Chips and AI
By precious
Samsung Group has committed roughly 1,000 trillion won ($648 billion) to a 10-year investment plan inside South Korea, marking what…
SpaceX Just Signed a $6.3 Billion Compute Deal With Reflection AI. A Company That Went Public to Build Rockets Is Quietly Becoming the Infrastructure Backbone of the Frontier AI Race.
By precious
SpaceX has signed a computing power deal worth up to $6.3 billion with Reflection AI, the open-source artificial intelligence startup…