Thiel Capital Routes Arizona Money Into AI Chip Startup Etched
The money trail runs through Phoenix, and it ends at a chip company that says it can beat Nvidia at its own game. Jack Selby, a partner at Thiel Capital,…
Global Startup Funding Hits Record $510 Billion in First Half
The number is so large that it needs to be said twice to register: $510 billion, in six months. Global venture investment in startups reached a record $510 billion in…
AI Power Demand Strains Google and Amazon Climate Pledges
The promise was made in sunnier times for the climate math. Google committed to running its operations on net-zero carbon by 2030, and Amazon signed the Climate Pledge, promising to…
Meta Quietly Launches Pocket, an AI App That Builds Mini-Games
There was no keynote, no press release and no announcement, just an app that appeared in app stores with a name that sounds like something from a desk drawer. Meta…
Anthropic in Talks With Samsung to Build Custom AI Chips
The conversation is happening in Samsung’s foundry division, and it is the kind of meeting Nvidia used to win by default. Anthropic, the artificial intelligence company behind the Claude models,…
Tesla Caps Employee AI Spending at $200 a Week
The memo went out to Tesla’s entire workforce last month, and the number inside it was unusual for a company whose chief executive has built his reputation on artificial intelligence.…
Korea Unveils 312 Trillion Won Plan to Keep Advanced Industry in the Southeast
The announcement came with a number that dwarfed every industrial plan Seoul has offered in years. South Korea’s deputy prime minister and minister of economy and finance, Koo Yoon-cheol, said…
Goldman Says Investors Are Shedding Big Tech for Semiconductors
The trade is showing up in options prices before it shows up in most portfolios. The cost of hedging a decline in the Invesco QQQ ETF, the exchange-traded fund that…
Jensen Huang’s Leather Jacket Goes to Auction at Sotheby’s
The black leather jacket is not a piece of clothing so much as a corporate symbol, the one garment the most valuable chip company’s chief executive has worn through two…
SoftBank Revives $10 Billion Loan Backed by OpenAI Stake
The loan talks fell apart this spring, and the reasons were familiar to anyone who has tried to borrow money against a private company. Banks could not agree on what…
