Lightspeed is selling its OpenAI stake to a fund it will also run
The firm calls the deal Project Mercury, Bloomberg reported, citing people familiar with it. It gathers assets from two Lightspeed funds, Select V and Opportunity II, plus a separately managed account [...]
Meta wants to rent out its spare AI compute, and Wall Street likes the idea
A reported plan to sell surplus computing power would put Meta up against AWS, Google Cloud and Azure, and give investors a reason to look past its spending. Meta has spent two years buying every scra [...]
LG Energy Solution signs a 10-year Arkansas lithium deal starting 2029
LG Energy Solution has signed a binding 10-year take-or-pay agreement for 8,000 tonnes a year of battery-grade lithium carbonate from Smackover Lithium in Arkansas, a joint venture 45% owned by Norway [...]
France’s antitrust probe into Nvidia is nearing its end, regulator says
France’s competition regulator has signalled that its long-running inquiry into Nvidia is drawing to a close, edging the world’s most valuable chipmaker nearer to a formal reckoning over how it wi [...]
ArXiv will ban researchers for a year if they submit papers they did not bother to read
ArXiv, the open-access repository that has served as the primary distribution channel for preprint research in computer science, mathematics, and physics for more than three decades, will ban autho [...]