Source: Lambda, which rents access to AI chips and is backed by Nvidia, is in talks to raise $350M+ led by Mubadala Capital, ahead of an IPO planned for H2 2026
Lambda, an upstart cloud provider that rents out Nvidia AI chips—and whose biggest customer was recently Nvidia itself …
Sources: Blue Origin has worked for over a year on tech for orbital AI data centers; SpaceX plans to use upgraded Starlink satellites for AI computing payloads
And Elon Siladitya Ray / Forbes : Musk Signals Reports Of SpaceX Planning An IPO Next Year Are ‘Accurate’ Andrew Nusca / Fortune : What OpenAI's ‘code red’ will accomplish Tyler Durden / ZeroHedge New...
Sources: Anthropic taps law firm Wilson Sonsini to begin work on its IPO, which could come as soon as 2026, and held preliminary talks with big investment banks
AI start-up picks law firm Wilson Sonsini for what could be one of the largest public offerings ever
Source: Nvidia agreed to rent 10K of its own AI chips from Lambda for $1.3B over four years, the latest example of Nvidia's circular financial arrangements
18,000 GPUs will be leased over 4 years, as Lambda gears up for its IPO Martin Peers / The Information : Nvidia's Chip Round-Trip Deals Rebecca Szkutak / TechCrunch : Cloud provider Lambda may be gear...
Sources: OpenAI is negotiating with Microsoft to enable a future IPO; Microsoft offers to cut its equity stake for continued access to OpenAI tech beyond 2030
High-stakes talks to revise terms of multibillion-dollar partnership are key to plans to adopt for-profit model
Sources: Apple will get an observer role on OpenAI's board, with Phil Schiller chosen for the position, as part of their ChatGPT partnership announced in June
CDK Says ‘Substantially All’ Car Dealerships Restored After Hack — Northern Data May Be Testing Limits of AI Frenzy With Unit IPO
Q&A with Arm CEO Rene Haas about Microsoft's big push with Arm-based PCs, AI wearables, Arm's adoption in the cloud, competition from RISC-V and Intel, and more
Tim Bradshaw / Financial Times : X: @arm X: @arm : “We are at a magical time in our industry relative to the growth potential” Following the biggest IPO of 2023, Rene Haas speaks to the @FT on the AI...
Q&A with Arm CEO Rene Haas about Microsoft's big push with Arm-based PCs, AI wearables, Arm's adoption in the cloud, competition from RISC-V and Intel, and more
Chip designer's chief executive talks about diversification and how AI is changing the devices we use X: @arm X: @arm : “We are at a magical time in our industry relative to the growth potential” Foll...
Google strikes a deal with Reddit, reportedly for $60M/year, gaining Reddit Data API access to surface more Reddit content in Search and to train its AI models
what you need to know Eileen AJ Connelly / The Wrap : Reddit Inks $60 Million-a-Year Deal To Train Google AI Ahead of Expected IPO | Report Barry Schwartz / Search Engine Roundtable : No Joke: Google ...
Sources: Reddit signed a deal early in 2024, worth ~$60M on an annualized basis, allowing a large unnamed AI company to train its models on Reddit's content
including here—is now just an unpaid day laborer on someone else's LLM training farm. The only difference is that some companies make it more obvious than others. https://www.bloomberg.com/... Mastod...