Maria Deutscher
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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 ...
SoftBank to acquire AI infrastructure investor DigitalBridge for $4B
SoftBank Group Corp. has inked a $4.04 billion deal to buy DigitalBridge Group Inc., a private equity firm that invests in technology businesses. The companies announced the all-cash transaction today a few hours after insiders leaked the news to Bloomberg. SoftBank is paying $16 per share for DigitalBridge, a 16% premium to the firm’s last ...
Coforge to acquire Encora in $2.35B technology services deal
Information technology services provider Coforge Ltd. today announced plans to acquire rival Encora Digital LLC for $2.35 billion. Coforge, which is listed on two stock exchanges in India, will finance the deal with shares. It will take out a bridge loan worth up to $550 million to refinance the debt on Encora’s balance sheet. Coforge ...
HCLSoftware to acquire Jaspersoft for reported $240M
HCLSoftware Inc. plans to acquire Jaspersoft Inc., a provider of business intelligence software, in an all-cash deal reportedly valued at $240 million. The company announced the transaction on Monday. In conjunction, HCLSoftware disclosed that it’s buying Wobby, an early-stage startup with an artificial intelligence tool for querying data warehouses. The transaction is reportedly worth $5.3 ...
Nvidia to license technology from inference chip startup Groq in reported $20B deal
Artificial intelligence chip startup Groq Inc. today announced that Nvidia Corp. will license its technology on a nonexclusive basis. The deal will also see the graphics card maker hire several key Groq employees. They include founding Chief Executive Officer Jonathan Ross and president Sunny Madra. Alex Davis, the CEO of Groq investor Disruptive Technology Advisers, ...
Snowflake reportedly seeking to acquire observability startup Observe for $1B
Snowflake Inc. is reportedly in talks to acquire Observe Inc., a startup with a cloud-based observability platform of the same name. The Information on Tuesday cited sources as saying that the acquisition will be worth about $1 billion if it materializes. That would make the deal Snowflake’s largest-ever startup purchase. Companies use Observe’s platform to monitor their ...
Dazzle, a new AI startup led by Marissa Mayer, raises $8M
Dazzle AI Inc., a startup founded by former Yahoo Inc. Chief Executive Marissa Mayer, today announced that it has raised $8 million in funding. Prominent venture capitalist Kirsten Green led the investment. She was joined by Mayer, Kleiner Perkins, Greycroft, Offline Ventures, Slow Ventures, Bling Capital, Amino Capital and Acquired Wisdom Fund. The round values ...