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ChatGPT Has ‘Goblin’ Mania in the US. In China It Will ‘Catch You Steadily’
ChatGPT Has ‘Goblin’ Mania in the US. In China It Will ‘Catch You Steadily’ Read More »
Tata and JSW to spend $1bn building India’s way out of Chinese battery dependence
The two conglomerates are funding separate R&D centres focused on next-generation battery chemistries and advanced EV systems. The investment is a hedge: both groups currently buy critical battery components from Chinese suppliers and want options when Beijing tightens export rules again. India’s two largest steel-and-everything-else conglomerates are putting close to $1bn behind a question that […]
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Tata and JSW to spend $1bn building India’s way out of Chinese battery dependence Read More »
Amazon retreats from Singapore groceries, leans on cross-border instead
Amazon Fresh and the local fulfilment network shut on 6 July. A small number of Singapore roles go with them. AWS, retail, and Global Selling stay; the bet is that Singaporean shoppers want US, Japanese, and German catalogues, not local replenishment. Amazon is closing Amazon Fresh in Singapore and shutting down its local fulfilment operations, […]
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Amazon retreats from Singapore groceries, leans on cross-border instead Read More »
Silex Microsystems shares soar on Stockholm debut as MEMS foundry IPO clears at SEK 8.9bn EV
The Bure Equity- and Creades-backed pure-play MEMS foundry priced at SEK 81 per share, with the offering oversubscribed several times. Cornerstone investors, including Capital Research, Fidelity, AFA, AP2, AP3, AP4, Swedbank Robur, and Carnegie, took roughly three-quarters of the deal. Silex Microsystems opened sharply higher on its Nasdaq Stockholm debut on Wednesday, with the chipmaker’s […]
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Elon Musk’s Last-Ditch Effort to Control OpenAI: Recruit Sam Altman to Tesla
Elon Musk’s Last-Ditch Effort to Control OpenAI: Recruit Sam Altman to Tesla Read More »
Anthropic Gets in Bed With SpaceX as the AI Race Turns Weird
Anthropic Gets in Bed With SpaceX as the AI Race Turns Weird Read More »
Using AI for Just 10 Minutes Might Make You Lazy and Dumb, Study Shows
Using AI for Just 10 Minutes Might Make You Lazy and Dumb, Study Shows Read More »
SpaceX files for a $55bn Texas semiconductor fab, with combined chipmaking investment reaching $119bn
The Terafab project sits alongside the existing Bastrop packaging operation. Combined, the two facilities could anchor a $119bn Texas chipmaking footprint. SpaceX has not yet disclosed the process technology Terafab will run, or the construction timeline. SpaceX has filed paperwork for a semiconductor fabrication facility in rural Texas with a planned investment of approximately $55bn. […]
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Hut 8 signs a 15-year, $9.8bn lease for the first phase of its Texas AI data centre
The Beacon Point lease, anchored by an unnamed investment-grade tenant, lifts Hut 8’s contracted AI capacity to 597 MW and $16.8bn in base-term value. The Bitcoin-miner-to-AI-landlord pivot is now substantially complete. There is a particular kind of corporate transformation that is supposed to take years, and Hut 8 has done it in roughly 18 months. […]
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Hut 8 signs a 15-year, $9.8bn lease for the first phase of its Texas AI data centre Read More »