Sequoia’s $1 Billion Nuclear Bet
Valar Atomics raised $1 billion in a Series B round led by Sequoia Capital, tripling its valuation to $6 billion from $2 billion, according to Axios. The startup builds modular…
Airtable’s Discounted Exit
Bending Spoons, the Italian app developer, agreed to buy Airtable for about $1.285 billion in cash, the companies said — its first acquisition since going public, and one of the…
Korea’s National GPU Build-Out
South Korea broke ground on a national AI computing center in Haenam this week, a roughly $1.7 billion project led by Samsung SDS that aims to have 15,000 GPUs running…
Brussels Reaches Into Broadcom’s Files
The European Union’s General Court rejected Broadcom’s request to suspend its cooperation with an EU antitrust investigation, a ruling that clears the way for the chip maker to hand over…
TSMC’s Kumamoto Recovery
When the 7.1-magnitude earthquake hit Kumamoto prefecture on Aug 2, the semiconductor industry held its breath. The quake killed 38 people and knocked out power to about 48,000 households, according…
SpaceX’s $116 Billion Lockup Countdown
SpaceX reports its first earnings since going public after the market closes today, with a short position of about $23.6 billion hanging over the stock and $116 billion in lockup…
Amazon’s $3 Trillion Day
Amazon’s market value crossed $3 trillion for the first time on Aug 3, making it the fifth company to reach that level, as investors rewarded the company’s AI and cloud…
Anthropic’s $10 Billion Cloud Bet
Anthropic has agreed to spend $10 billion on computing power from Volta, a cloud startup so new that most of the industry has never heard of it, according to people…
Coldcard’s Random-Number Failure
More than 1,755 bitcoin, worth about $110 million at the time, have been drained from roughly 5,000 wallets whose security was supposed to be unbreakable. The wallets were created with…
DeepX’s Fourfold Valuation Jump
DeepX Co., a South Korean designer of AI chips, has signed the first agreements in a Series D round that values the company at about 3.14 trillion won ($2.2 billion),…
