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Anthropic Abandons $7 Billion Acquisition of Chip Startup MatX
BusinessReutersYahoochannel-news-asia+3seeking-alphainvesting-comstar-malaysia6h ago6 sources

Anthropic Abandons $7 Billion Acquisition of Chip Startup MatX

AI developer Anthropic has scrapped its planned $7 billion takeover of semiconductor startup MatX and is instead pursuing strategic partnerships to advance its custom chip design efforts. The shift follows stalled negotiations and reflects broader industry adjustments in hardware procurement.

SoftBank Negotiates Stake Acquisition in Humanoid Robotics Startup 1X
BusinessReuterschannel-news-asiaseeking-alpha+2investing-comstar-malaysia1d ago5 sources

SoftBank Negotiates Stake Acquisition in Humanoid Robotics Startup 1X

SoftBank is reportedly in advanced discussions to purchase a majority stake in humanoid robotics developer 1X at a six-billion-dollar valuation. The potential investment underscores growing corporate interest in advancing autonomous robot technology.

Businesstaiwan-news1d ago

Taiwan’s NYCU Pursues Global Funding for Deep-Tech Startups

National Yang Ming Chiao Tung University in Taiwan is actively seeking international investment to support its deep-tech startup initiatives. The university aims to bridge academic research with commercial ventures through expanded global financial partnerships.

BusinessBarron's2d ago

Anthropic Prepares for Wall Street Debut

Investors and analysts review key factors surrounding AI startup Anthropic's upcoming public listing, focusing on its valuation, competitive positioning, and growth prospects ahead of the debut.

SoftBank and Y Combinator Sell Stakes in Indian Startups
Businesseconomic-timesmoneycontrol3d ago2 sources

SoftBank and Y Combinator Sell Stakes in Indian Startups

SoftBank has pared down its stake in Lenskart for Rs 2,800 crore, while Y Combinator sold Meesho shares worth Rs 970 crore in block deals. These transactions saw major institutional investors like Morgan Stanley, Goldman Sachs, and Citigroup among the buyers.

Nvidia to Hike AI Server Prices by Over 15% Amid Rising Memory Costs
TechnologyBarron'ssvenska-dagbladetYahoo+2Korea Heraldseeking-alpha3d ago5 sources

Nvidia to Hike AI Server Prices by Over 15% Amid Rising Memory Costs

Nvidia is reportedly planning to increase the prices of its AI servers by more than 15% due to soaring memory chip costs. This move is expected to impact major tech companies and could further boost the pricing power of memory chip manufacturers like Samsung and SK Hynix.

Technologywsj3d ago

Startup to Link Biobanks for AI Medical Research

A new startup is set to connect patient tissue biobanks, aiming to leverage this data to significantly advance AI-driven medical research. This initiative seeks to supercharge the development of new medical insights and treatments.

AI Startup Hugging Face Explores $13 Billion Sale
TechnologyReutersfazorf+2die-presseBusiness Insider4d ago5 sources

AI Startup Hugging Face Explores $13 Billion Sale

AI startup Hugging Face is reportedly exploring a potential sale that could value the company at $13 billion. The company has been fielding M&A interest from various parties.

Nvidia Agrees to Acquire AI Platform Hugging Face for $12.9 Billion
Technologycnbcle-figaroder-standard+13orfdie-pressemarketwatchpublicoforbesfortunestraits-timesmoneycontrol+5 more22h ago16 sources

Nvidia Agrees to Acquire AI Platform Hugging Face for $12.9 Billion

Graphics chip giant Nvidia has reportedly agreed to purchase the artificial intelligence model hosting platform Hugging Face in a deal valued at approximately $12.9 billion. The acquisition marks a significant expansion of Nvidia’s footprint in the generative AI software market.

Technologybloombergseeking-alpha1d ago2 sources

Zoom’s Investment in AI Startup Anthropic Surges Past $3 Billion

Zoom Video Communications’ equity stake in artificial intelligence developer Anthropic has appreciated to approximately $3.1 billion, driven by the startup’s recent valuation growth. The milestone highlights the increasing financial returns from tech companies’ early investments in generative AI ventures.

Nvidia Earnings and Hugging Face Acquisition Talks Drive Global Market Rally
TechnologyAPReutersBBC+48bloombergNYTwsjFTThe GuardianCNNnzztimes-uk+40 more1d ago51 sources

Nvidia Earnings and Hugging Face Acquisition Talks Drive Global Market Rally

Nvidia reported double-digit revenue growth and issued optimistic long-term AI spending forecasts, while also entering talks to acquire AI startup Hugging Face for approximately $13 billion. The news triggered a broad rally across Asian and US equity markets.

Anthropic Secures $45 Billion Data Centre Agreement With UK Firm Nscale
BusinessFTthestreetstar-malaysia1d ago3 sources

Anthropic Secures $45 Billion Data Centre Agreement With UK Firm Nscale

Artificial intelligence developer Anthropic has finalized a $45 billion agreement with British startup Nscale to construct a major data processing facility in the United Kingdom. The landmark deal underscores the rapid expansion of infrastructure investments required to support large-scale AI model training.

South Korea Reopens Hundreds of Thousands of Missing Persons Cases
WorldReutersbloombergFT+44Al Jazeeradr-dknzzukrainska-pravdafazberlingskele-figaroSCMP+36 more1d ago47 sources

South Korea Reopens Hundreds of Thousands of Missing Persons Cases

Following the discovery of victims' remains and mounting public pressure, South Korean authorities have launched a comprehensive review of previously closed missing persons cases. The investigation has escalated into a national scandal, prompting high-level government scrutiny and procedural reforms.

Businessbloomberg2d ago

Zero Zero Robotics on Business Strategy

Wang Mengqiu, Founder & CEO at Zero Zero Robotics, discusses the startup's business strategy from the sidelines of the "Asia Innovation and Technology Enterprises Going Global Summit." (Source:…

US Plans Mass Visa Revocation for Asylum Seekers Amid Measles Outbreak
WorldAPReutersBBC+59bloombergwsjFTwapoThe GuardianAl JazeeraCNNFox News+51 more2d ago62 sources

US Plans Mass Visa Revocation for Asylum Seekers Amid Measles Outbreak

The United States is preparing to revoke up to 200,000 visas for asylum seekers, citing fraud claims, while simultaneously dealing with a deadly measles outbreak in the Northeast. This dual development highlights significant challenges in immigration and public health.

Nvidia Faces Price Hikes and Google Competition Amid AI Investment Ahead of Earnings
TechnologyYahoothestreettimes-of-oman2d ago3 sources

Nvidia Faces Price Hikes and Google Competition Amid AI Investment Ahead of Earnings

Nvidia is reportedly considering a 15% price increase for its customers and is facing increased competition from Google, which plans to invest $200 billion to attract Nvidia's clientele. These developments come as Nvidia eyes fresh investment in AI startup Perplexity, potentially pushing its valuation past $30 billion, all ahead of its upcoming earnings report.

Six-Year-Old Girl Dies After Family Drowns Off UK Coast
WorldReutersBBCAl Jazeera+21ruvberlingsketelexde-volkskrantaktualne-czindex-hrsydney-morning-heraldil-sole-24-ore+13 more5d ago24 sources

Six-Year-Old Girl Dies After Family Drowns Off UK Coast

A six-year-old British-Palestinian girl has died in a UK hospital days after her family drowned in a seaside tragedy. Meanwhile, at least 13 Tunisians are missing after a migrant boat sank off the coast of Tunisia.

Poprad Cultural Space Reopens After Fire
Cultureaktuality-sk6d ago

Poprad Cultural Space Reopens After Fire

An independent cultural space in Poprad, Slovakia, known as Koľaj 22, is making a significant step forward by reopening with an exhibition and a performance by Slobodná Európa, following a devastating fire.

Anthropic Targets Record-Size IPO, Valued Higher Than SpaceX
TechnologyYahoomorocco-world-news3d ago2 sources

Anthropic Targets Record-Size IPO, Valued Higher Than SpaceX

AI startup Anthropic is reportedly targeting a record-size initial public offering (IPO), with investors valuing the company potentially higher than SpaceX. This anticipated IPO highlights significant investor interest in the artificial intelligence sector.

Nvidia in Talks to Invest in Perplexity at Over $30 Billion Valuation
TechnologyReutersTimes of Indiachannel-news-asia+4seeking-alphainvesting-comRapplerstar-malaysia3d ago7 sources

Nvidia in Talks to Invest in Perplexity at Over $30 Billion Valuation

Nvidia is reportedly in discussions to invest in AI search startup Perplexity, potentially valuing the company at more than $30 billion. This move comes as Perplexity, which previously sought to acquire Chrome, looks to secure significant funding.

Airline Startup Ceases Operations Due to Low Demand
Businessthestreet4d ago

Airline Startup Ceases Operations Due to Low Demand

An airline startup, which was testing an innovative but expensive air taxi model, has shut down and canceled all flights, citing low demand as the reason. Another similar airline has also ceased operations due to low demand.

Federal Judge Strikes Down Trump Administration's 75-Country Visa Ban
WorldAPReutersbloomberg+64NYTwsjFTwapoNPRAl JazeeraCNNFox News+56 more5d ago67 sources

Federal Judge Strikes Down Trump Administration's 75-Country Visa Ban

A federal judge ruled that the Trump administration's visa ban on 75 countries was illegal, striking down the policy. This decision comes amidst other developments including Trump's warning about impeachment if Republicans lose the midterm elections and new tariffs on Canada.

Prehistoric Shark Cemetery Discovered in Egyptian Desert
Sciencedigi245d ago

Prehistoric Shark Cemetery Discovered in Egyptian Desert

Paleontologists have unearthed fossilized teeth in the Egyptian desert, revealing a "cemetery" of at least seven prehistoric shark species that inhabited North African waters millions of years ago. The new fossils were found on the Abu-Tartur Plateau.