Nvidia Widens Its Bet on Reflection AI to a Full Purchase
Nvidia has already written one large check to Reflection AI: about $800 million for a stake in a two-year-old lab that gives away its models and sells the enterprise service…
PC Processor Prices Climb as Intel, Qualcomm and AMD Pass Along Costs
The notices went out to PC makers in Taiwan first, which is how most of the industry learns what its components will cost. Intel raised prices on several families of…
Jefferies Strategist Warns the AI Build-Out Will Destroy Capital
Chris Wood has spent years writing an investment letter called GREED & fear, and the title has seldom fit a quarter as neatly as it fits this one. In his…
Ledger Suspects Its Supply Chain After $86 Million Vanishes From Wallets
Ledger, the French maker of hardware wallets for crypto, said on October 9 that it is investigating the theft of roughly $86 million in digital assets from user wallets, and…
Sumitomo Bakelite Buys a Kyocera Chemicals Unit for the Chip-Packaging Boom
Sumitomo Bakelite, the Japanese materials maker, said on October 11 that it would acquire a chemical business from Kyocera for about $190 million, folding the unit’s formulations and production capacity…
Waymo Points to New Crash Data as Its Safety Defense
Waymo released safety statistics on October 11 showing that its driverless taxis are involved in collisions at a rate lower than human drivers in the cities where it operates, including…
OPay Raises $185 Million as It Prepares for a U.S. Listing
OPay, the Nigerian mobile-payments company backed by SoftBank, has closed a $185 million funding round as it works toward an initial public offering in the United States, a step that…
Qualcomm’s CEO Sees a 100-Billion-Parameter Phone
The AI models that run on today’s flagship phones hold somewhere in the tens of billions of parameters. Cristiano Amon believes that number is about to grow by a factor…
Palantir’s CEO Sees a Future for Trades and Unusual Minds
On the day Palantir Technologies set a fresh record on the stock market, its chief executive was talking about plumbers, welders, and people whose brains work differently from the norm.…
AMD Raises GDDR6 Prices for Its Graphics-Card Partners
The next increase in graphics-card prices may come not from the chip at the center of the card but from the memory around it. AMD has raised the price of…
