Chinese e-commerce giant Alibaba said Tuesday that it has developed new server chips for its data centers. Alibaba’s custom-built processor Yitian 710, based on U.K. chip designer Arm’s architecture, is part of the company’s effort to strengthen its cloud-computing business, Alibaba Cloud. The move comes as Alibaba Cloud’s business has faced challenges this year. In the quarter through...
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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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