Lambda has raised about $1B of private short-dated debt arranged by JPMorgan to buy Nvidia GPUs that Microsoft will lease, according to Bloomberg. The same structure funds Nebius, which borrowed $775M against its own chips and holds a five-year Microso…
Pasqal began trading on Nasdaq on Friday under the ticker PSQL, five months after announcing it would go public through a special purpose acquisition company. Shares surged on the debut, according to Reuters. The merger with Bleichroeder Acquisition Co…
Andreessen Horowitz has closed a $1.1bn fund that will invest exclusively in hardware. The Machine Age Fund, announced on Friday, covers the physical layer artificial intelligence runs on, from chips to the buildings that house them. The mandate takes …
Kevin Durant and his business partner invested $250,000 in Hugging Face’s early rounds and his payout is reported at around $60M if Nvidia’s $12.9B acquisition completes. Employees at late-stage European startups own roughly 10% of their companies agai…
SK Hynix has broken ground on a plant costing more than $4B in West Lafayette, Indiana, its first US base for packaging high-bandwidth memory, with production due in the second half of 2029. Intel’s equivalent assembly and testing plant near Wroclaw wa…
JPMorgan has begun approaching lenders about a $5B debt package to fund Volta Infra Holdings’ AI data centre buildout, weeks after the seven-month-old company raised $300M at a $2.4B valuation. Its first major site is a 121-megawatt campus in Norway le…
Nvidia has been in talks to acquire Hugging Face at a valuation above $13bn, according to Business Insider, days after reports that the open-model hub was exploring a sale at roughly that figure. The Information puts the process further along than that…
Vanguard has agreed to acquire Altruist, an AI-driven custody and software platform for independent financial advisers that it first invested in during 2020, on undisclosed terms. Britain and the EU are addressing the same shortage of advice through ru…
Anthropic has agreed to spend $45B over six years renting AI computing power from Nscale’s flagship West Virginia data centre development, covering about 460 megawatts. Nscale is a London company preparing a US listing as soon as next month. Anthropic …
Flipboard has acquired Graze, a Portland startup that lets creators build, tune and monetise custom social feeds without writing code, mainly on Bluesky. Graze says it has delivered more than 41 billion posts to 12 million users since forming 21 months…