Tag: chip
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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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Microsoft plans to unveil new Maia 300 AI chip in September, The Information reports
Aug 10 : Microsoft is planning to publicly unveil its new Maia 300 chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.Microsoft introduced the Maia chip in November 2023 but has lagged its peers in ramping it up to scale as i
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AMD forecasts revenue above estimates on AI chip demand, but shares fall
Aug 4 : AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.Shares of the Santa Clara, California-based company, however, fell over 8 per cent in extended trading.The company
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South Korean shares soar after chip stock rout
It comes after a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market.
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Exclusive-Intel providing chip technology to startup led by co-investor of Tan in rare deal
SAN FRANCISCO/WILMINGTON, Delaware, July 29 : Intel has provided access to some of its processor technology to a new startup, according to a source and documents reviewed by Reuters, in a rare move for the U.S. chipmaker.Intel CEO Lip-Bu Tan and the startup’s boss are longtime co-investors. The startu
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Nvidia partner ChipAgents raises $60 million to accelerate chip design with AI agents
LONG BEACH, California, July 29 : Chip design startup ChipAgents expanded its Series A financing with a $60 million infusion to further fund its plans to speed up semiconductor design through the use of AI agents, its chief executive said.ChipAgents builds software that harnesses so-called AI agents – program
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China starts production of home-grown immersion DUV chipmaking tools: Source
Immersion deep-ultraviolet lithography machines are crucial to advanced chipmaking, and this marks a key step forward in Beijing’s drive to reduce its reliance on foreign technologies.
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