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Chipmaker Analog Devices Buys Rival Maxim for $21 Billion

By
Kevin McLaughlin
· · Source: Reuters

Chipmaker Analog Devices is acquiring rival Maxim Integrated Products in an all-stock deal worth $21 billion, reported Reuters. The deal, which involves analog chips and not the digital chips that computers and mobile devices use, is more of a concern to companies Texas Instruments than the likes of Intel and Nvidia. It also underscores the strategic importance of analog chips, which measure...

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Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
By Natasha Mascarenhas and Stephanie Palazzolo · Sept. 28, 2023 6:40 PM PDT
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company. The drop in Jasper’s internal valuation could indicate that the growth of its AI-powered writing tool for marketers has slowed since the company raised venture funding at a $1.5 billion valuation in...
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Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
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Y Combinator’s Garry Tan Goes to the Mat
By Kate Clark
Garry Tan was in his happy place. Surrounded by food trucks and techies basking in San Francisco’s September sun, the CEO of Y Combinator snapped selfies with entrepreneurs as he meandered through a crowd of 2,700 attendees at the startup accelerator’s annual alumni event.
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Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament.