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After beating Samsung, tech titan files for IPO
TheStreet87d agobullish
After beating Samsung, tech titan files for IPO

SK Hynix builds the memory chips wired into Nvidia’s most advanced AI processors, supplying a component so scarce that customers now reserve production years in advance. This week the South Korean company asked U.S. regulators for permission to list its shares on the Nasdaq for the first time in ...

Together AI raises $800 million at $8.3 billion valuation
Reuters87d agoneutral
Together AI raises $800 million at $8.3 billion valuation

Together AI on Wednesday said it has raised $800 million in a funding round led ‌by Aramco Ventures, more than doubling the artificial intelligence ‌startup's valuation to $8.3 billion. Founded in 2022, the startup's platform lets companies train ​and run AI workloads on open models such as DeepSeek, MiniMax and Kimi at lower costs than closed systems.

Wayve courts automakers with AI driving system that learns like humans
Reuters87d agoneutral
Wayve courts automakers with AI driving system that learns like humans

Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve said it will deploy its system in robotaxis ‌from Jeep maker Stellantis, to go on Uber's ride-hailing network.

Asian stocks fluctuate as traders eye crucial US jobs data
AFP87d agoneutral
Asian stocks fluctuate as traders eye crucial US jobs data

Asian stocks were mixed Wednesday as investors nervously awaited key US jobs data that could help determine the Federal Reserve's next interest rate decision, while the yen is in focus as it wallows around four-decade lows.But fears are growing that those valuations have now gone too far, investors might not see returns as early as expected and US interest rates could start to go up.

Taiwan Steps Up Probe Into AI Hardware Smuggling
The Wall Street Journal88d agobearish
Taiwan Steps Up Probe Into AI Hardware Smuggling

Taiwanese authorities escalated a probe into the unauthorized diversion of advanced artificial-intelligence servers made by Super Micro Computer, as part of efforts to crack down on the alleged smuggling of Nvidia chips to China.