AI Chip Startup Fractile in Talks at $6.5 Billion Valuation
Anthropic wants to buy about $250 million of chips from a London startup most people have never heard of. That order is now at the center of one of the…
OpenAI Works to Restore ChatGPT Signup and Login
For several hours on Aug. 20, the front door to the world’s most popular AI chatbot was locked. Users began reporting problems with ChatGPT’s registration and login systems in the…
Nvidia in Talks to Back AI Data Supplier Mercor
The training data that powers Nvidia’s open-source model ambitions may soon have a new financial backer: Nvidia itself. The chip maker is in talks to invest in Mercor, an AI…
Nebius Plans $4.5 Billion Convertible Bond Sale
Nebius, the AI cloud company led by Yandex co-founder Arkady Volozh, is borrowing against its own stock to build data centers it says it cannot build fast enough. The company…
Marvell and Google Expand Custom-Chip Pact
The warrant is dated Aug. 18: Google may buy up to 58.97 million shares of Marvell Technology at $206.58 each, a document that ties the chip maker’s stock to the…
Etched Raises $700 Million at $21 Billion Valuation
The first rack of Etched computers sits in a Jane Street data center, running inference workloads for the trading firm that just led the AI chip startup’s latest funding round.…
Amex GBT Agrees to $6.3 Billion Take-Private by Long Lake
Four years after riding a blank-check boom onto the New York Stock Exchange, the world’s largest corporate travel company is heading back into private hands. Long Lake Management agreed to…
Microsoft’s Eight-Month Fix for a Copilot Flaw Renews Security Questions
Microsoft said Wednesday it has patched a critical vulnerability in its Copilot AI assistant, a flaw that security researchers first reported privately eight months ago. The bug, dubbed CoSnitch, could…
Cerebras Bets Inference Can Be 30 Times Faster Without the Switches
Cerebras Systems said Wednesday it has built a new generation of its AI server, the CS-4, that eliminates the switching fabric connecting chips and claims the design makes AI inference…
Etched Doubles Its Valuation to $21 Billion as Investors Bet on a Niche Bet
Etched, a startup that makes chips specifically designed to run artificial-intelligence models, said Tuesday it has closed a $700 million funding round that values the company at $21 billion, double…
