DoorDash, the restaurant food delivery leader that filed to go public just before the Covid-19 quarantines in the U.S., raised $340 million in February in the form of convertible debt, according to Pravin Vazirani, managing director of Owl Rock Capital, which led the financing and disclosed it in a securities filing on Tuesday. Owl Rock, which was founded four years ago, also was part of a group...
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To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, according to a person with direct knowledge of the effort. In that scenario, Google would fully design the chips, known as tensor processing units, in-house, the person said. The move could help Google save billions of dollars in costs annually as it invests heavily in...
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