Anthropic Adds IREN to a Cloud Portfolio Now Worth $530 Billion
Anthropic Adds IREN to a Cloud Portfolio Now Worth $53 Billion Anthropic has signed a multi-year cloud contract with IREN, an Australian-listed supplier of computing capacity, putting one more name…
Amazon Nears a $7 Billion Deal for Decart, the Startup Anthropic Passed On
Decart’s pitch has been narrow and technical: software that makes it easier for developers to move the same model between different kinds of artificial intelligence chips, and models that generate…
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…
