Nvidia Pays $6 Billion to License Poolside’s Model Factory and Hires Its Team
Nvidia has agreed to pay $6 billion for a license to Poolside’s Model Factory, the software platform the AI startup used to build its coding models, and to hire 109…
Broadcom Seeks $60 Billion or More in Debt to Fund Its AI Chip Push
Broadcom is in talks with a group of banks about raising more than $60 billion in new debt, with the total potentially reaching $100 billion, to fund an expansion of…
Anthropic’s IPO Ambition: Raise as Much as SpaceX Did
Anthropic is telling prospective investors that its initial public offering could raise as much as, or more than, the roughly $86 billion that SpaceX collected when it listed, according to…
Musk Denies Report of SpaceX’s $6 Billion Spectrum Deal
Elon Musk said Wednesday that reports of SpaceX agreeing to buy $6 billion in wireless spectrum were untrue, a rare public denial from the billionaire after news outlets cited people…
OpenAI Sets a 2027 Target for Its Long-Awaited IPO
OpenAI’s chief financial officer told investors and staff this week that the company plans to complete an initial public offering in 2027, with the date potentially moving earlier if revenue…
ChatGPT Gains the Keys to iMessage on the Mac
OpenAI on Thursday afternoon released a new feature that lets its ChatGPT desktop application for Mac read, compose, and send messages through Apple’s iMessage service, giving the AI assistant direct…
OpenAI Finance Chief Plays Down IPO Urgency
Inside OpenAI, the question of when the company will go public has an answer, and it is not soon. Outside, the company is selling enterprises a new promise about how…
SK Hynix to Pay 60% of Bonuses in Stock
SK Hynix employees are about to become shareholders, whether they planned to or not, in one of the clearest signs yet that South Korea’s chip giants are adopting the capital…
Broadcom Sheds About $87 Billion After Google-Marvell Chip Deal
The market delivered its verdict on Google’s chip strategy in two trading sessions: about $87 billion, subtracted from Broadcom’s market value. Broadcom shares fell for two consecutive sessions on Aug.…
Intel Moves Next PC Chip to TSMC’s 2-Nanometer Process
The next generation of Intel’s PC processors will be built by the same company that makes chips for Apple, Nvidia and Qualcomm, a concession that reshapes the balance of the…
