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Neocloud Lambda secures $1B in debt to buy more chips

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Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It’s the latest in a string of loans, underscoring the high cost of the AI boom.

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Anthropic is hiring an AI chip design team

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Anthropic is building a team for designing its own custom AI chips. The Claude-maker said it would co-design hardware and models to help its technology run faster and more efficiently.

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AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors

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Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model — no GPUs required, it says.

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SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs

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The AI chip boom just produced its biggest Wall Street moment yet. Now SK Hynix and Samsung are being asked to build US factories.

SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs Read More »

Meta’s new AI chips will begin production in September

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In its bid to spend less on GPUs from providers like Nvidia, Meta is on track to start making its the latest versions of its AI-specific chips in September.

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Anthropic is discussing a new custom chip with Samsung

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The news comes about a week after OpenAI announced its own custom AI chip in a partnership with Broadcom.

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Why everyone from OpenAI to SpaceX is building their own chips (and turning up the heat on Nvidia)

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Nvidia has dominated the AI chip market for years, but the era of total dependence might be ending. OpenAI just shared its plans to spice things up with Jalapeño, its custom inference chip built with Broadcom, joining Google, Apple, and SpaceX in a growing list of companies building their way out of single-supplier risk. The goal is less of a […]

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