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Netris, a Santa Clara startup that automates the networking layer inside GPU data centres, has raised $15 million in a Series A round led by Andreessen Horowitz. The round follows what the company says is 800 percent annual recurring revenue growth and more than 35 live deployments at GPU clusters around the world, including operations […]
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Micron Technology posted fiscal third-quarter revenue of nearly $42bn, quadrupling from just over $9bn a year earlier and beating Wall Street estimates by a wide margin. The results, reported on Tuesday, confirm that the company riding the AI memory boom hardest is the one whose stock has already climbed roughly 700 percent over the past […]
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Micron’s revenue quadrupled as AI memory demand pushes gross margins above 81 percent Read More »
Nvidia CEO Jensen Huang told shareholders on Wednesday that if a commercial opportunity conflicts with US national security, the company would prioritise American interests. “National security comes first,” Huang said in a session shortly after the company’s annual stockholder meeting concluded. Huang addressed the chip smuggling problem directly, arguing that anyone trying to build AI […]
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xLight, a US-backed startup chaired by former Intel chief Pat Gelsinger, is raising $350m to build an xLight EUV light source that could loosen ASML’s grip on chipmaking. Days earlier, a Dutch rival took aim at Nvidia. Deep-tech chips are hot again. The hardware behind AI is pulling in venture money again. xLight, a Californian […]
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xLight’s $350m bet to break ASML’s chip monopoly Read More »
Qualcomm, the king of the smartphone modem, is in talks to design custom chips for ByteDance. The move would help it escape a shrinking phone market. It also shows US chipmakers will not give up on China. Qualcomm wants to be a chip designer for the AI age. Its first big customer could be Chinese. […]
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Qualcomm in talks to design custom chips for ByteDance Read More »
A supercomputer in Shenzhen just topped the world rankings for the first time since 2017. The headline is the speed. The real story is the silicon: it runs without a single chip from Nvidia, AMD or Intel. China has taken back the supercomputing crown. On Tuesday, organisers declared a machine called LineShine the world’s fastest […]
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China takes the supercomputer crown without US chips Read More »
Cerebras nearly doubled its revenue and guided 2026 sales above Wall Street’s estimates. Its stock still fell about 10%. The reason was a margin squeeze, caused not by a shortage of chips but by a shortage of buildings. Cerebras just learned the price of going public into a mania. On Tuesday the AI chipmaker posted […]
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Cerebras doubled its revenue. The stock fell anyway. Read More »
OpenAI just showed off Jalapeño, its first home-grown AI chip, built with Broadcom. It is designed for inference, not training. And it is the clearest sign yet that the company most dependent on Nvidia wants a way out. OpenAI has a chip now. On Wednesday it unveiled Jalapeño, the first piece of silicon it has […]
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OpenAI built its own AI chip. The target is Nvidia. Read More »
Reflection AI will pay SpaceX $150mn a month for Nvidia chips at Colossus 2, a deal worth roughly $6.3bn by 2029. The SpaceX Reflection AI deal puts Nvidia on both sides of the trade. SpaceX has signed another giant compute tenant. This time it is Reflection AI, an open-source startup barely two years old. Reflection […]
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SpaceX lands $6.3bn compute deal with Reflection AI Read More »
Groq has confirmed a $650mn raise to rebuild itself as an AI inference cloud, six months after Nvidia paid out its investors and hired away its founder. The Groq $650M round is a bet that purpose-built chips still beat GPUs. Groq spent years as one of the loudest challengers to Nvidia. Then, last December, Nvidia […]
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Groq’s $650M raise: rebuilding after the Nvidia deal Read More »