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Anthropic planned a $7bn takeover of chip startup MatX, then walked away

Anthropic, Business, Digital Marketing, SEO Tips, Technology /

Anthropic got far enough into a plan to buy the AI chip startup MatX to have a number attached to it, roughly $7bn, before the deal stopped moving. Reuters reported the talks on Thursday, citing people familiar with them, and said the discussions have since evolved into a conversation about a partnership rather than an acquisition. Why […]

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OpenAI hires Meta’s Sandhya Devanathan to lead Southeast Asia and Australia

Artificial Intelligence, Business, Digital Marketing, OpenAI, SEO Tips, Technology /

OpenAI has hired Meta’s Sandhya Devanathan to lead Southeast Asia and Australia from October, covering consumer growth, enterprise adoption and regulatory engagement across markets of more than 600 million people. Its European expansion has centred on Dublin and Brussels. OpenAI has hired a Meta executive to run Southeast Asia and Australia. Sandhya Devanathan starts in […]

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Nvidia ships first H200 chips to China, but expects no data-centre revenue from them

Business, China, Digital Marketing, Next Featured, nvidia, SEO Tips, Technology /

Nvidia shipped its first H200 processors to China under a new US licensing scheme, and they accounted for less than 1% of $89B in quarterly data centre revenue. Its $108B forecast for the current quarter assumes no data centre computing revenue from China at all. Nvidia has started shipping H200 processors to China and told […]

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Kevin Durant’s $250,000 Hugging Face bet is reportedly worth $60M

Business, Digital Marketing, Ecosystems, Investors and funding, SEO Tips, Technology /

Kevin Durant and his business partner invested $250,000 in Hugging Face’s early rounds and his payout is reported at around $60M if Nvidia’s $12.9B acquisition completes. Employees at late-stage European startups own roughly 10% of their companies against 20% in the United States. Kevin Durant put $250,000 into Hugging Face and may be about to […]

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Rivian’s CFO is leaving after six years

Business, Cars, Digital Marketing, Electric vehicle, SEO Tips, Technology /

Rivian’s chief financial officer Claire McDonough is leaving at the end of October after nearly six years, to take the same role at energy equipment maker GE Vernova. Volkswagen, now Rivian’s largest shareholder, has committed up to $5.8B to their joint venture with much of it still tied to technical milestones. Rivian is losing its […]

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SK Hynix breaks ground on a $4B memory packaging hub in Indiana

Artificial Intelligence, Business, Digital Marketing, Investors and funding, SEO Tips, Technology /

SK Hynix has broken ground on a plant costing more than $4B in West Lafayette, Indiana, its first US base for packaging high-bandwidth memory, with production due in the second half of 2029. Intel’s equivalent assembly and testing plant near Wroclaw was cancelled last year after state aid had been approved. SK Hynix has put […]

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