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…
An Australian payments company thinks American small businesses will pay for the privilege of earning points. PayRewards, the US arm of Pay.com.au, has launched with $28M in funding and a promise that bank transfers which currently earn nothing can ear…
Gatik has raised $200m in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. It is the largest financing in the autonomous trucking company’s history. Millennium Management, ARK Invest and Intact Private Capital also t…
American securities regulators have subpoenaed the banks that lent Situational Awareness the money it used to make its AI bets. The Securities and Exchange Commission wants the timing of the fund’s trades, and its communications with lenders about the …
One company spent eight years cataloguing the worst material on the internet. It has now raised $140mn to point that archive at AI models. Alice, formerly ActiveFence, announced the round on Tuesday. Apax Digital Funds led it, and will take a board sea…