Nvidia agrees to a licensing deal with Groq; CEO Jonathan Ross and other top executives will join Nvidia; Groq says it will continue operating independently
anybody who knows anything about AI chips knows groq's first gen chips aren't competitive but maybe their upcoming chips might have been able to threaten nvidia? @josephjacks_ : Overly simplistic take...
Reliance, Brookfield, and Digital Realty's joint venture Digital Connexion plans to invest $11B by 2030 to build a 1 GW data center in India's Visakhapatnam
Sanjai P R / Bloomberg :
Cisco unveils the Silicon One P200 chip and 8223 routing systems, saying they allow faster data transfers across long optic cables, growing its Broadcom rivalry
Dina Bass / Bloomberg :
Sources: Intel is considering writing off its 18A and 18A-P manufacturing processes and stopping their marketing, focusing instead on 14A to compete with TSMC
Intel's (INTC.O) new chief executive is exploring a big change to its contract manufacturing business to win major customers …
SoftBank-backed P2P vehicle sharing service Getaround is shutting down US operations, including HyreCar, to focus on Europe, where it operates in six countries
Kirsten Korosec / TechCrunch :
Walmart closes its $2.3B cash acquisition of TV maker Vizio, saying the deal will let it offer new ways for advertisers to reach customers via Walmart Connect
The heat generated by the servers to sell $14 worth of goods drowns the Maldives. … Dan Sheehan / @dansheehan : You will never leave The Store [embedded post] Arthur Gies / @aegies : in 2016 when vizi...
Lenovo plans to raise $2B by issuing convertible bonds to Alat, a subsidiary of Saudi Arabia's PIF, which would convert to ~12.1% of the company's issued shares
P.R. Venkat / Wall Street Journal :
Elon Musk takes Twitter private, merging the company with X Holdings, delisting from NYSE, dissolving the board, and moving staff stock options to cash bonuses
Elon Musk's former fans have lost faith in the idea of the billionaire genius. Angela Watercutter / Wired : Twitter Writes Twitter's Requiem Livemint : Big reveal in Parag's sacking! Messages between ...
Sources: Ola and Uber are discussing a merger, four years after a deal didn't materialize, when common investor Softbank pushed for it; Uber denies merger talks
Manu P Toms / The Economic Times :
Nexo, a crypto lender managing assets for ~4M users, says it signed a term sheet to explore buying Vauld, which halted withdrawals and manages assets for ~100K
Good morning! Welcome to The Daily Moon. TikTok's former gaming head Jason Fung … Wayne Jones / crypto.news : H2O Waters Securities Launches First Crypto Water Token, Sequoia China $9 Billion Fundin...