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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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JPMorgan leads a $5B debt package for Volta’s AI data centre buildout

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

JPMorgan has begun approaching lenders about a $5B debt package to fund Volta Infra Holdings’ AI data centre buildout, weeks after the seven-month-old company raised $300M at a $2.4B valuation. Its first major site is a 121-megawatt campus in Norway leased from bitcoin miner Bitdeer. JPMorgan has started sounding out lenders for a $5B debt […]

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Nvidia is reportedly in talks to buy Hugging Face for $12.9bn

Digital Marketing, Investors and funding, nvidia, SEO Tips, Technology /

Nvidia has been in talks to acquire Hugging Face at a valuation above $13bn, according to Business Insider, days after reports that the open-model hub was exploring a sale at roughly that figure. The Information puts the process further along than that, reporting an agreed deal at $12.9bn, and Nvidia did not respond to a request […]

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Vanguard is acquiring Altruist, the AI custody platform it backed six years ago

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

Vanguard has agreed to acquire Altruist, an AI-driven custody and software platform for independent financial advisers that it first invested in during 2020, on undisclosed terms. Britain and the EU are addressing the same shortage of advice through rule changes rather than acquisitions. Vanguard is buying the platform it helped fund. It has agreed to […]

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Anthropic signs $45B compute deal with Britain’s Nscale

Anthropic, Business, Digital Marketing, Investors and funding, Next Featured, SEO Tips, Technology /

Anthropic has agreed to spend $45B over six years renting AI computing power from Nscale’s flagship West Virginia data centre development, covering about 460 megawatts. Nscale is a London company preparing a US listing as soon as next month. Anthropic has agreed to spend $45B renting computing power, and the landlord is British. The six-year […]

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Flipboard acquires Graze, the tool for building your own social algorithm

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

Flipboard has acquired Graze, a Portland startup that lets creators build, tune and monetise custom social feeds without writing code, mainly on Bluesky. Graze says it has delivered more than 41 billion posts to 12 million users since forming 21 months ago. Flipboard has bought the plumbing for custom social feeds. The company is acquiring […]

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PayRewards launches in America with $28M and a 1.75% fee to earn points

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

An Australian payments company thinks American small businesses will pay for the privilege of earning points. PayRewards, the US arm of Pay.com.au, has launched with $28M in funding and a promise that bank transfers which currently earn nothing can earn something. The parent business is not speculative. Pay.com.au says it has processed more than $7bn […]

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Gatik has raised $200m to put more driverless box trucks on US roads

Artificial Intelligence, Business, Digital Marketing, Investors and funding, Self-driving, SEO Tips, Technology, United States /

Gatik has raised $200m in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. It is the largest financing in the autonomous trucking company’s history. Millennium Management, ARK Invest and Intact Private Capital also took part, and the round brings Gatik’s total to about $500m since it came out of stealth […]

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The SEC has subpoenaed four banks over Situational Awareness

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

American securities regulators have subpoenaed the banks that lent Situational Awareness the money it used to make its AI bets. The Securities and Exchange Commission wants the timing of the fund’s trades, and its communications with lenders about the money it was borrowing. It also told the banks to preserve any information they hold on […]

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Alice raises $140mn to stress-test the models Anthropic and Google ship

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

One company spent eight years cataloguing the worst material on the internet. It has now raised $140mn to point that archive at AI models. Alice, formerly ActiveFence, announced the round on Tuesday. Apax Digital Funds led it, and will take a board seat. Total funding now stands at $280mn. The announcement names MoreTech and Phoenix […]

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