Intel and Qualcomm circle Tenstorrent as the NVIDIA-alternative trade comes due

Bloomberg reports early-stage takeover conversations with the Jim Keller-led AI chip startup, which raised $800m at a $3.2bn valuation last year and counts Bezos Expeditions and Samsung among its back [...]

Nebius revenue grew 454%. Most of the cash came from customers paying in advance

Nebius rents out computing power. It buys Nvidia chips, puts them in data centres, and charges companies to train and run AI models on them. The trade calls this a neocloud. It is based in Amsterdam, [...]

China is earning roughly $500m an hour from exports, and AI-related goods are doing the heavy lifting

China’s export earnings have reached roughly $500m an hour, according to a Bloomberg calculation based on the latest customs data, with AI-related goods accounting for about half of the year-on-year [...]

Ilya Sutskever discloses $7bn OpenAI stake during Musk-OpenAI litigation

The former OpenAI chief scientist, who now runs Safe Superintelligence, gave the figure under oath. It places him among the largest individual shareholders in the company. Ilya Sutskever, the former c [...]

ServiceNow lines up $4bn bond sale to refinance Armis acquisition debt

ServiceNow is looking to raise approximately $4bn in a US high-grade bond sale to refinance debt taken on to fund its acquisition of cybersecurity firm Armis Security, Bloomberg reported on Monday. JP [...]

Vapi raises $50m Series B led by Peak XV for enterprise voice AI

Peak XV leads. M12, Kleiner Perkins, and Bessemer Venture Partners join; earlier investors return. Amazon Ring, Intuit, and New York Life are named enterprise customers; total funding now stands at $7 [...]

Chinese video platform Bilibili is expanding worldwide

Bilibili has relaunched its international app without identity verification, plans an English-language website and is hiring community managers in six cities including London. The company says content [...]

Krafton agrees to pay Subnautica 2 bonuses after CEO who used ChatGPT to dodge them steps down

Krafton has agreed to pay bonuses to the entire staff of Unknown Worlds Entertainment, the studio behind Subnautica 2, after reaching a legal settlement with the company’s chief executive and co-fou [...]

Architect Labs raises $24M to let any company design its own AI chip

Designing a chip is hard. It takes years, hundreds of millions of dollars, and a tiny pool of experts. Most of them sit inside a few large companies. Architect Labs wants to change that with AI. The P [...]