AI chipmaker Cerebras files to go public after scrapping IPO plans last year
[ad_1] Cerebras, a producer of chips that run artificial intelligence models, on Friday filed to go public on Nasdaq under the ticker symbol “CBRS.” Cerebras reported a $87.9 million in net income on $510 million in revenue during 2025, according to Friday’s filing. Revenue grew nearly 76% from 2024, when the company had a $485 […]
Nvidia AI chip rivals attract record funding as competition heats up
[ad_1] This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Nvidia has cemented itself at the heart of the AI boom with a monopoly on the most powerful chips to train and run models, but a growing crop of startups are set on challenging the company’s supremacy. […]
Nvidia rival tells CNBC it’s seeking at least $100 million in funding as European AI chip market booms
[ad_1] European chip startups developing alternative technology to Nvidia’s graphics processing units (GPUs) are eyeing big funding rounds as they look to scale amid the AI boom. Dutch company Euclyd, backed by the former CEO of chipmaking equipment giant ASML, is currently in discussions with investors for a round of at least 100 million euros […]
OpenAI pulls back from Stargate Norway data center deal as Microsoft takes over
[ad_1] OpenAI has abandoned plans to rent compute capacity directly from a Norwegian data center, days after confirming it paused a similar project in the U.K. Microsoft is taking the extra compute previously earmarked for OpenAI at a planned 230MW “Stargate Norway” facility in Narvik. OpenAI is now in discussions to rent capacity from Microsoft […]
Snap’s stock jumps 11% on plans to axe 16% of its workforce citing AI efficiencies
[ad_1] Omar Marques | SOPA Images | Lightrocket | Getty Images Snap‘s shares jumped on Wednesday after the company announced plans to slash up to 16% of its global workforce, citing AI-driven efficiencies. CEO Evan Spiegel said in a letter to staff that the reduction would affect around 1,000 members of staff and that at […]
NAACP sues Elon Musk’s xAI over Memphis data center air pollution
[ad_1] Gas turbines are visible at an xAI data center on Riverport Rd in Memphis, TN on April 25, 2025. Brandon Dill | The Washington Post | Getty Images The NAACP filed a lawsuit against Elon Musk’s xAI on Tuesday, accusing the artificial intelligence company of violating the Clean Air Act with its use of […]
OpenAI announces first permanent London office after halting UK Stargate project
[ad_1] OpenAI has announced it’s opening its first permanent London office with a capacity of over 500 team members, after the company halted a major AI infrastructure project in the U.K. The U.S.-based AI firm said it had signed the lease for an 88,500 square foot space on Monday. In February OpenAI announced it would […]
Vibe check from inside one of AI industry’s main events: ‘Claude mania’
[ad_1] Samuel Boivin | Nurphoto | Getty Images If one thing became clear at the HumanX conference in San Francisco this week, where 6,500 executives, founders and investors gathered to talk about artificial intelligence, it’s that OpenAI no longer dominates the conversation in their industry. For now, at least, that distinction belongs to Anthropic. Anthropic’s […]
The Trump administration is getting angry as EU Big Tech fines top $7 billion in 2 years
[ad_1] The Trump administration is increasingly on a collision course with the European Union over Big Tech fines. Google, Apple and Meta are contesting fines from the EU over violations of the bloc’s antitrust and competition laws, which total over 6 billion euros, or $7 billion, since the start of 2024. They’re an increasing bone […]
Amazon CEO Jassy defends $200 billion AI spend: “We’re not going to be conservative”
[ad_1] Amazon CEO Andy Jassy on Thursday released his annual shareholder letter and once again made the case to Wall Street investors that the company’s huge investments in artificial intelligence are worthwhile. “We’re not going to be conservative in how we play this — we’re investing to be the meaningful leader, and our future business, […]