Browsing: billion
AI chip maker SambaNova raises $1 billion at $11 billion valuation, 5 months after last mega round
AI chip company SambaNova Systems raised $1 billion in an $11 billion valuation led by General Atlantic in the first close of its Series F round,…
SK Hynix raises $26.5 billion in largest foreign public IPO in US history, set to build new fabs in US
The AI chip boom just created its biggest moment on Wall Street. SK Hynix, a South Korean memory chip giant, he said on Friday has grossed…
Smart glasses maker Even Realities hits $1 billion valuation with $150 million in funding led by Meituan, Tencent
Meta and Snap unveiled new smart glasses last month, the latest sign that the industry is struggling to put a camera and AI assistant in users’…
Rival Nvidia AI chip Engraved issued a progress report on Tuesday after TSMC successfully manufactured its chip earlier this year. THE says the startup has already…
As companies struggle to integrate AI, they’re increasingly ready to bring in outside help — and service providers are launching new teams specifically designed to make…
The world’s two largest memory chip companies plan to invest $518 billion (~800 trillion won) to build four new memory factories in southwestern South Korea, an…
General Intuition’s $2.3 billion bet that video games can train AI agents for the real world
Upon entering General Intuition’s R&D floor at its New York office, the company’s 31-year-old co-founder and CEO Pim de Witte drew my attention to a monitor…
General Intuition’s $2.3 billion bet that video games can train AI agents for the real world
Upon entering General Intuition’s R&D floor at its New York office, the company’s 31-year-old co-founder and CEO Pim de Witte drew my attention to a monitor…
After betting the company on Anthropic, Menlo Ventures raises $3 billion in winning capital
Menlo Ventures was announced $3 billion in capital on Tuesday, the biggest raise in its 50-year history, driven largely by its AI portfolio, especially Anthropic. Her…
Fox confirmed on Monday that it is acquiring streaming company Roku in a stock and cash deal worth about $22 billion, one of the biggest media…