6 stories for “AI chips”
According to The Wall Street Journal, the valuation is about $7 billion. According to Calcalist, the price is lower, about $5.5 billion, after Nvidia and Anthropic passed. The company, founded by 8200 veterans, was only founded in 2023.
Nvidia will buy $3 billion of stock and AMD $1 billion, as part of a $25 billion offering that was about five times oversubscribed. Meta is also expanding its use of Vera Rubin chips.
The Korean memory chipmaker reported operating profit of 83 trillion won and an 80% margin, and said its output is almost sold out through 2029. Its shares jumped 8%.
According to a filing with the US Securities and Exchange Commission, Elon Musk's company will lease Nvidia Vera Rubin chips from an entity managed by Apollo. It is one of the largest compute financing deals signed to date.
Bank of America, Citi, Morgan Stanley and Blackstone will fund a special-purpose company that buys the chips and leases them to the maker of Claude. Broadcom is guaranteeing part of the risk, and Moody's is already sounding a warning.
The US hardware startup, valued at $4.5 billion, is buying the Caesarea-based chip company in a cash-and-stock deal. Market estimates put the deal at $150 million to $200 million, and about 40 employees will join the acquirer.
