4+ day, 22+ hour ago   (419+ words) Over the next two years, Google will invest €13 billion in Finland on data centers, clean energy, and community programs. They will operate on nuclear power. The company said Wednesday that it signed a 22-year agreement to help prolong the life…...

1+ week, 4+ day ago   (450+ words) Wonderful, an Israeli-Dutch enterprise AI startup, closed a $550 million Series C funding round on September 2 at a $5 billion valuation, more than double the $2 billion it was worth when it raised its Series B in March. Capital seems to be flowing…...

1+ week, 5+ day ago   (643+ words) Two unions that together represent roughly 10,000 Micron workers in Taiwan are preparing to organize a strike vote over the way the company calculates bonuses. A strike could make the current chip shortage even worse and lead to higher prices for…...

1+ week, 6+ day ago   (429+ words) Storage and memory stocks therefore held nearly 25 times the trading share of the six major technology companies. Chip design and manufacturing, the group that includes NVIDIA, also remained almost unchanged at 5.4%, compared with 5.3% before the period; NVIDIA had not reported…...

1+ week, 6+ day ago   (783+ words) Government bond yields rose across Asian markets on Tuesday, with Japan’s benchmark 10-year yield hitting the 3% mark for the first time in 30 years amid inflation worries and mounting fiscal strains. This surge in borrowing costs continues to weigh heavily on…...

2+ week, 2+ day ago   (489+ words) The quantum computing company still outsources most of the chip packaging and assembly to contractors in other countries. Xanadu signed a definitive agreement for the funding, which is a repayable contribution through Innovation, Science and Economic Development Canada’s Strategic Response…...

3+ week, 1+ day ago   (667+ words) Anthropic is getting ready to hit the stock market, while more Americans are pushing back against AI data centers being built around them. People are also growing uneasy about AI, a pushback that is expected to show up as a…...

3+ week, 4+ day ago   (359+ words) Alibaba grew its revenue 9% last quarter but shares still fell 6% after profit dropped 76% due to a surge in AI spending, the company reported Thursday. Revenue for the quarter ending June 30 reached 268.95 billion yuan ($39.64 billion), up 9% from a year earlier. Net…...

3+ week, 4+ day ago   (817+ words) An agreement with Anthropic has led British chip company Fractile to discussions of a $6.5 billion valuation, indicating investors’ eagerness to re-evaluate companies capable of competing with Nvidia. The larger message is equally significant: frontier AI companies are now influencers in…...

3+ week, 5+ day ago   (458+ words) SK Hynix’s board has approved a 40 trillion won (about $29 billion) buyback and cancellation of its own stock, representing the largest treasury cancellation ever initiated by a listed South Korean company. The chipmaker’s management claims the action is guided by its…...