Nvidia Nears Deal to Buy Hugging Face for About $14 Billion
SANTA CLARA, Calif.—The world’s dominant seller of artificial-intelligence chips is in talks to buy the site where many of those chips get their software. Nvidia is in advanced discussions to…
Apple Hands New CEO Ternus a $55 Million Award on Top of a $3 Million Salary
CUPERTINO, Calif.—John Ternus took over as Apple’s chief executive on Sept. 1. A day later, shareholders learned what the job pays. Apple disclosed in a filing with the Securities and…
Samsung Electro-Mechanics’ Record MLCC Supply Deal for AI Servers
SEOUL—The most important parts inside an artificial-intelligence server are also the easiest to overlook. Alongside the accelerators that do the computing sit thousands of multilayer ceramic capacitors, tiny components that…
Dell’s Record AI-Server Quarter, and the Memory That Can’t Keep Up
Jeff Clarke did not need a chart to explain Dell Technologies’ problem. Asked on the earnings call which constraint was biting hardest, the vice chairman and chief operating officer answered…
Nestle Sells Its Mainstream Vitamin Business for $1 Billion
VEVEY, Switzerland—For most of the past decade, Nestle bought its way into vitamins. On Wednesday it agreed to sell the mainstream part of that business for $1 billion, the clearest…
Kuehne’s 42.2 Billion Euro Estate: No Heirs, No Inheritance Tax, One Charity
For a fortune of 42.2 billion euros, the paperwork was remarkably quiet. Klaus-Michael Kuehne, the German-born shipping magnate who built Kuehne+Nagel into one of the world’s most successful air- and…
Musk’s G20 Forecast: AI Outcodes Humans by 2027, Then Meets a Power Gap
Elon Musk brought a calendar to the Group of 20. Appearing at the summit this week, the founder of SpaceX and one of the artificial-intelligence industry’s most consequential financiers delivered…
HiddenLayer Raises $100 Million as AI Security Spending Grows
HiddenLayer, an Austin-based company that sells security software for AI models, said Tuesday it raised $100 million in a Series B round led by Delta-v Capital. Ten Eleven Ventures, Morgan…
iPronics Raises $125 Million for Smaller Optical Switches
iPronics, a Spanish startup that builds optical switches for AI data centers, said Tuesday it raised $125 million in a Series B round led by Maverick Silicon and Light Street…
OpenAI Connects ChatGPT to Epic’s Medical Records
OpenAI said Tuesday that clinicians can now use ChatGPT to read and summarize patient records stored in Epic Systems’ electronic health records software, a step that puts the AI company…
