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Pentagon sued by Chinese chipmaker CXMT over military listing
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Pentagon sued by Chinese chipmaker CXMT over military listing

CXMT says its DRAM chips are designed for civilian and commercial use.
Naomi Li Gan · · 1 min read
OpenAI plans to end AI deal with SpaceX-bound Cursor
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OpenAI plans to end AI deal with SpaceX-bound Cursor

Cursor supports models and API keys from multiple AI providers.
Diya Lal · · 1 min read
Nvidia-backed Lambda lands $1b private debt deal
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Nvidia-backed Lambda lands $1b private debt deal

JPMorgan arranged the debt to finance GPUs that Microsoft will lease.
Minh Le · · 1 min read
A16z launches $1.1b fund for AI hardware, infrastructure
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A16z launches $1.1b fund for AI hardware, infrastructure

Its bets span chips, robots, memory, data centers, and the infrastructure around them.
Diya Lal · · 1 min read
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US crypto custody firm BitGo to buy NYDIG unit for $42.5m

The deal includes US$7 million in cash and about US$35.5 million in BitGo stock.
Minh Le · · 1 min read
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Tencent unveils AI model it says outperforms Z.ai, Moonshot

Tencent demonstrated Hy4 Preview for game creation, 3D web design, and accounting compliance.
Grace Priscilla Teo · · 1 min read
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Blue Owl leads $2.4b debt deal to fund IREN’s Nvidia chips

The debt package carries a 9% interest rate and matures in two and a half years.
Naomi Li Gan · · 1 min read
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China’s CXMT revenue soars as AI lifts memory prices

CXMT has delivered its next-generation LPDDR6 chips to customers for validation.
Grace Priscilla Teo · · 1 min read
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GoTo VP Catherine Hindra resigns for personal reasons

Shareholders will vote on the resignation at an extraordinary meeting on October 14.
Diya Lal · · 1 min read
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