Tag: chip
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Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
Sept 2 : Broadcom on Wednesday forecast strong AI chip sales for the next two years, offering fresh evidence that Big Tech’s appetite for AI infrastructure remains undiminished as investors scrutinize returns on massive spending.Shares of the Palo Alto, California-based company were down over 1 per cent in ex
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Broadcom forecasts quarterly sales below estimates amid rising custom AI chip competition
Sept 2 : Broadcom forecast quarterly revenue below Wall Street estimates on Wednesday, signaling intense competition could hamper gains from its custom processors. Shares of the Palo Alto, California-based company fell over 3 per cent in extended trading. They have gained about 6 per cent this year, significa
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Exclusive-Anthropic in talks with chip start up MatX to speed up chip design, sources say
SAN FRANCISCO, Aug 27 : Anthropic discussed buying artificial intelligence chip startup MatX for roughly $7 billion, seeking to accelerate efforts to develop custom hardware for its fast-growing AI business, two people briefed on the matter told Reuters.The merger talks, which a third person said have evolved
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Xiaomi launches new Xring chip, partners with TSMC for production, sources say
BEIJING, Aug 24 : Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring smartphone processor, betting that deeper control over key components will help strengthen its supply chain and reduce reliance on external chip suppliers.The introduction of Xring O3 comes a year after
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Chip designer Velaura AI valued at more than $1 billion in funding round
Aug 18 : Velaura AI on Tuesday said it raised $110 million in a Series A funding round that valued the chip designing startup at more than $1 billion, with investors backing its technology that can lower power consumption and operating costs at AI data centers.The funding round was led by Seligman Ventures, w
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AI chip startup Etched doubles valuation to $21 billion in under a month
Aug 18 : Jane Street-backed Etched said on Tuesday its valuation more than doubled in less than a month to $21 billion, as investors bet on growing demand for specialized chips used to run artificial intelligence models. The San Jose, California-based company raised $700 million, with trading firm Jane Street
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Chip designer Velaura AI valued at more than $1 billion after funding round
Aug 18 : Velaura AI was valued at more than $1 billion on Tuesday after raising $110 million in a Series A funding round, with investors backing the startup’s chip design technology for lowering power consumption and operating costs at AI data centers.The funding round was led by Seligman Ventures, with parti
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Cerebras shares plummet 16% after results fail to impress investors
Aug 12 : AI chip designer Cerebras Systems slumped 16 per cent in extended trading on Wednesday after missing quarterly revenue estimates, suggesting that Wall Street was ready to punish richly valued AI stocks if they slipped up on any key metric.Shares of the company have gained more than 41 per cent from i
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Cerebras raises annual targets on strong AI chip demand
Aug 12 : Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.Still, its shares were down more than 14 per cent in extended trading after closing up 11.6 per cent in the reg
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Microsoft plans to unveil next-generation AI chip in September, The Information reports
Aug 10 : Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.The company introduced its Maia AI chip in November 2023 but has lagged rivals such as Alphabet and Amazon in sca
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