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Tenstorrent raises $1.5B at a $6.2B valuation to scale its Galaxy servers

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Tenstorrent, the AI chip company run by Jim Keller, has closed a $1.5bn Series E round at a $6.2bn post-money valuation, it announced on Monday. Trace Capital and Innovation X led the round. New and existing investors also took part. They include Agostinelli Group, ARK Invest, Cadence Ventures, Eclipse, Fidelity, Maverick Silicon, Morgan Stanley, Protagonist, […]

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TSMC posts a sixth straight record profit but turns cautious on 2027

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TSMC made a record net profit of NT$763.1bn ($23.59bn) in the third quarter, up 69% on a year earlier. That beat the NT$746.3bn LSEG SmartEstimate, Reuters reported. Revenue rose 51% to NT$1.49tn, or 41.2% to $46.72bn in US dollar terms, according to TSMC’s results. Its operating margin was 58.7%. High-performance computing made up 68% of […]

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Japan puts up to $21bn into two GlobalFoundries chip fabs in New York

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“Right now, the whole industry is in short supply,” GlobalFoundries CEO Tim Breen told Bloomberg. Japan will put up to $21bn into two new chip factories at GlobalFoundries’ site in Malta, New York, the company announced on 14 October. GlobalFoundries (GF) will run both plants as technology provider and operator. The money comes from Japan’s […]

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Gartner warns $3.5tn of AI infrastructure spending is at write-down risk

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“All of them want to be the full-stack. They can’t all be,” Gartner analyst Will Sommer told Bloomberg. More than $3.5tn of AI infrastructure spending faces possible impairment by the end of 2030, Gartner said on 14 October. That would happen if AI providers keep spending at their current pace. Companies must write down impaired […]

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China’s CXMT swings to a nearly $20B profit as memory prices soar

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Chinese memory chipmaker CXMT expects a net profit of 131B to 132.5B yuan ($19.6B to $19.8B) for January to September, compared with a 5.3B yuan loss a year earlier. Revenue jumped to 265B to 270B yuan as AI demand caused memory shortages. Its chairman also proposed a share buyback of up to 2B yuan. Chinese […]

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Torvalds calls AI disclosure rules ‘utterly stupid’ as Linux drops its tag

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“Do you not see how UTTERLY STUPID those kinds of rules would be?” Linus Torvalds wrote this on the Linux kernel mailing list on 13 October. He was replying to a developer who wants contributors to keep declaring when they use AI tools. The Register first reported the exchange. The rule in question is the […]

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Qualcomm’s CEO says AI companies want phones running 100-billion-parameter models by 2028

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“Some of the companies at the forefront of AI are telling Qualcomm, ‘By 2028, I need to make sure that I have the ability to run at least a hundred billion parameter model into a phone.’” Qualcomm chief executive Cristiano Amon said this on Sources, Alex Heath’s podcast. Heath recorded the interview at Qualcomm’s Snapdragon […]

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CERN and Mistral plan an AI foundation model for particle physics

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CERN and French AI company Mistral signed a statement of intent on 15 October to build a “Large Physics Model“, which CERN calls the first foundation model for collider physics. It will be trained on simulated Large Hadron Collider data to help reconstruct and identify particles. No budget or timeline was disclosed. CERN and Mistral […]

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Amazon in talks to buy Decart for about $7bn, WSJ reports

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Amazon is in talks to buy the AI startup Decart in a deal that could value it at about $7bn, The Wall Street Journal reported on Sunday. Kate Clark and Lauren Thomas reported the talks, citing people familiar with the matter. A deal could come soon if the talks do not fall apart and no […]

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TikTok’s Shou Chew expects an AI science breakthrough within three years

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TikTok chief executive Shou Chew expects AI to deliver a major scientific breakthrough within two to three years. He named physics, biotech, chemistry and materials science. Chew spoke on Monday at DBS Bank’s Asia Future Forward Conference in Singapore, CNBC reported. “In the next two to three years, we’re going to have a real scientific […]

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