The mobile games maker Jam City will go public through a merger with DPCM Capital, a special purpose acquisition company led by former Uber executive Emil Michael. The resulting publicly-traded company, to be called Jam City Holdings, will have an enterprise value of $1.2 billion. The deal will add $115 million in cash to the combined company’s balance sheet, including $100 million from a form...
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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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