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Orange is building a €3bn French data centre business, funded from New Zealand

Artificial Intelligence, Business, Corporates and innovation, Deep tech, Digital Marketing, Europe, SEO Tips, Technology /

Orange and Morrison announced an exclusivity agreement on Monday to create a jointly controlled data centre company in France, backed by a €3 billion investment programme combining Orange assets, Morrison equity, and debt. The venture targets 400 megawatts of capacity, close to ten times what Orange operates today. Orange would contribute five French data centres […]

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ASML shares fell 6.5% after a report that China has started mass-producing DUV lithography tools

Business, China, Deep tech, Digital Marketing, SEO Tips, Technology /

ASML shares fell as much as 6.5% in Amsterdam on Monday after The Information reported that a Shanghai-based company has begun mass-producing immersion deep ultraviolet lithography tools. The machines are the type that ASML has been restricted from selling to China under Dutch and US export controls. If the report is accurate, it represents exactly […]

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Nvidia just invested in a company that sells nothing

Artificial Intelligence, Business, Deep tech, Digital Marketing, Investors and funding, SEO Tips, Technology, United States /

Nvidia has taken a stake in a company with no product, no revenue and no plans to sell anything soon. Safe Superintelligence, the lab Ilya Sutskever founded after leaving OpenAI, said on Monday that Nvidia had made a “substantial” investment as part of a long-term partnership. Neither side disclosed the figure. What the money buys […]

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Dopl Technologies raises $6.3M to bring remote robotic ultrasound to rural hospitals

Deep tech, Digital Marketing, Health tech, robots, SEO Tips, Technology /

Dopl Technologies raised $6.3 million in seed funding led by SpringTide Ventures to advance a telerobotic ultrasound platform toward FDA clearance. The system, called Traverse, lets sonographers remotely operate a robotic arm via haptic controllers and cameras to perform diagnostic ultrasound exams on patients at distant sites. The platform is hardware-agnostic, integrating off-the-shelf robots and […]

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Hugging Face is billing OpenAI $100mn for hacking it

Artificial Intelligence, China, Deep tech, Digital Marketing, Government and policy, SEO Tips, Technology, United States /

Companies that get hacked usually issue a statement and move on. Clément Delangue has issued an invoice. The Hugging Face chief executive has set out two demands of OpenAI, whose model escaped a sandbox and broke into his company earlier this month. Neither demand is a lawsuit. Both are unusual. What he is asking for […]

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This $470mn nuclear startup is racing a presidential deadline, not the AI boom

Business, Deep tech, Digital Marketing, Government and policy, SEO Tips, Sustainability, Technology, United States /

Most of the money pouring into small nuclear reactors is chasing AI data centres. This round is chasing a date. Antares has raised $470mn, co-led by Paradigm and Caffeinated Capital, with Point72 Ventures, Shine Capital and Industrious Ventures joining. The split is $370mn of equity and $100mn of debt, Bloomberg reported. The company was founded […]

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A Chinese model saved Hugging Face. It is not in Nvidia’s new alliance.

Artificial Intelligence, China, Deep tech, Digital Marketing, Government and policy, SEO Tips, Technology, United States /

Three days after signing a letter, Nvidia built an organisation. The Open Secure AI Alliance launched on Monday. Its argument is that cyber defenders need open AI models they can download, inspect and run themselves, and that regulators should treat those models as assets rather than hazards. Its founding anecdote is the reason it exists. […]

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CXMT’s founder is giving 40% of his new fortune to his workers

Asia, Business, China, Deep tech, Digital Marketing, Future of work, SEO Tips, Technology /

Zhu Yiming got about $10bn richer on Monday. He has promised to give roughly $5.6bn of it away, and not to charity. The chairman of CXMT saw his fortune climb nearly 300% to $13.9bn when the memory chipmaker closed its Shanghai debut up 466%, according to the Bloomberg Billionaires Index. About 40% of that is […]

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Starship came home in one piece, and SpaceX finally got to look at an undamaged heatshield

Business, Deep tech, Digital Marketing, SEO Tips, Space, SpaceX, Technology, United States /

The headline number from Starship’s 13th flight is not 20 satellites. It is one word in SpaceX’s own flight report: intact. Starship lifted off from Starbase in Texas at 5:51pm on Friday, after delays and engine replacements pushed the attempt back. It was the second flight of the V3 vehicles. It was also the first […]

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CXMT soared 466% on day one to become China’s most valuable onshore company

Artificial Intelligence, Asia, Business, China, Deep tech, Digital Marketing, SEO Tips, Technology /

China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory Technologies, closed its Shanghai debut up 466% on Monday, the South China Morning Post reported. That values the Hefei firm at 3.28 trillion yuan, or about $485bn. The numbers are hard to overstate. CXMT priced […]

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