Maria Deutscher
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Report: OpenAI plans to launch new audio model in the first quarter
OpenAI Group PBC is reportedly developing a new artificial intelligence model optimized for audio generation tasks. The Information today cited sources as saying that the algorithm will launch by the end of March. According to the publication, it’s expected to produce more natural-sounding speech than OpenAI’s current models. The AI will also be better at ...
DeepSeek develops mHC AI architecture to boost model performance
DeepSeek researchers have developed a technology called Manifold-Constrained Hyper-Connections, or mHC, that can improve the performance of artificial intelligence models. The Chinese AI lab debuted the software in a paper published on Wednesday. DeepSeek created mHC to enhance the so-called residual connection mechanism that large language models use to learn new information. The mechanism, which ...
Chinese graphics card maker Biren raises $717M in IPO
Chinese graphics card supplier Shanghai Biren Intelligent Technology Co. has raised the equivalent of $717 million in its initial public offering. The listing, which took place today in Hong Kong, saw the company sell 284.8 million shares. Buyers paid $19.6 apiece, the top end of the price range that Biren sought. Demand for the stock ...
Uber reportedly seeking to acquire parking startup SpotHero
Uber Technologies Inc. is in talks to buy parking startup SpotHero Inc., The Information reported today. It’s unclear how much the ride-hailing giant might spend on the acquisition. SpotHero reportedly received a $290 million valuation after its last funding round, a $50 million Series D raise that closed in 2019. The company counts Insight Partners ...
Report: Nvidia asks TSMC to expand H200 production amid strong demand in China
Nvidia Corp. has reportedly asked Taiwan Semiconductor Manufacturing Co. to expand production of its H200 graphics processing units. Sources told Reuters today that the move is a response to strong demand from customers in China. According to the report, those customers have placed orders for more than 2 million H200 chips. Nvidia is expected to ...
Report: Nvidia could acquire LLM startup AI21 Labs for $3B
Nvidia Corp. is reportedly in advanced talks to acquire AI21 Labs Ltd., a startup that develops large language models and agent development tools. Calcalist reported today that a deal could be worth between $2 billion and $3 billion. At the top end of the range, that’s more than double the valuation AI21 received after its last ...
Report: Samsung, SK Hynix receive US approval to ship American chipmaking gear to China
The U.S. government will reportedly permit Samsung Electronics Co. and SK Hynix Inc. to ship American chipmaking equipment to their fabs in China. Reuters late Monday cited sources as saying that the authorization is valid only for the next year. From 2027 onward, Samsung and SK Hynix will have to apply for new waivers on an annual ...
SoftBank reportedly finalizes OpenAI investment with $22.5B cash infusion
SoftBank Group Corp. has reportedly completed the $40 billion investment in OpenAI Group PBC that it announced in March. Sources told CNBC today that the Japanese conglomerate finalized the deal last week. It did so by transferring $22.5 billion to OpenAI, which raised the remaining $17.5 million in two earlier tranches. SoftBank disbursed $7.5 billion ...
Verisk scraps $2.35B acquisition of roofing software maker AccuLynx
Insurance technology provider Verisk Analytics Inc. today scrapped its planned acquisition of AccuLynx, a startup that develops software for roofing contractors. The company attributed the move to delays in the regulatory approval process. In June, Verisk inked a definitive agreement to buy AccuLynx for $2.35 billion. The companies stated at the time that they expected ...
Nvidia finalizes $5B purchase of Intel shares
Nvidia Corp. today disclosed that it has purchased $5 billion worth of Intel Corp. shares through a private placement. The graphics card maker originally announced plans to make the investment in September. At the time, it stated that the deal involved about 214.7 million Intel shares, which corresponds to a 4.4% stake. Nvidia agreed to ...