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Inside Broadcom’s Bold Move to Boost Demand for Its Chips

Inside Broadcom’s Bold Move to Boost Demand for Its Chips

When Broadcom last week announced a funding venture with Apollo and Blackstone to pay for a gigawatt of computing capacity to be used by Anthropic, it looked like the latest in a series of AI computing deals funded by private equity. Behind the scenes, however, the deal represents a risky move by Broadcom to boost demand for its chips. While the announcement didn’t spell out Broadcom’s role, the company—which works with tech firms such as Google to design their AI chips—is...

Salesforce to Acquire Customer AI Agent Fin for $3.6 Billion

A deal could help Salesforce to win new businesses from enterprises to adopt its own AI offering. 

Fox to Buy Roku for $22 Billion

The deal gives Roku shareholders an exit at the highest price at which the stock has traded since the 2020-2022 Covid-fueled surge.

Exclusive: Nvidia Server Marketplace Startup Raises $100 Million at $800 Million Valuation

Part of the company's bet: that GPUs aren't the bottleneck and that compute is becoming a commodity.

Exclusive: Tencent Backs Former Alibaba Researcher’s New AI Lab

Junyang Lin’s new AI lab completed its first fundraising at a post-money valuation of around $2 billion.

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Bootleg Market for Reta Reaches At Least $100 Million in Estimated Sales

Retatrutide, a peptide-based weight loss drug, has been hugely popular but hasn't yet won FDA clearance.

Exclusive: U.S. Government Unlikely to Extend Anthropic Export Control to Other AI Companies

The official said the directive was particular to Anthropic's response to its concerns.

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Anthropic Suspends Customers’ Access to Latest Models After Government Order

The dramatic standoff comes three days after Anthropic released its latest models publicly.

OpenAI Investigated by State Attorneys General on User Interaction

The state coalition is seeking a wide range of data on how OpenAI's software engages with users.

Roku in Discussions to be Acquired

While Roku's ad revenue has grown steadily—to $2.5 billion in the 12 months to March 31—the streaming video ad market is relatively small and crowded.

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Binance, Bybit Cancel SpaceX IPO Allocations After Shortfall

Crypto platforms relied on Kraken-owned xStocks, which issues tokenized SpaceX shares, to get access to the blockbuster IPO.

SpaceX Shares Jump 19% in First Day of Trading

The offering makes SpaceX one of the world’s top 10 most valuable companies with a market capitalization of $2.1 trillion. 

Nvidia Pitches Vera CPU to Chinese Customers

CPUs are less directly targeted by US export controls than high-end GPUs.
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