Anthropic Abandoned $7B MatX Acquisition in Favor of Partnership
Anthropic explored acquiring AI chip startup MatX at a valuation of roughly $7 billion before halting the process, with discussions since shifting toward a potential partnership.
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Anthropic explored acquiring AI chip startup MatX at a valuation of roughly $7 billion before halting the process, with discussions since shifting toward a potential partnership.
Nvidia is building hardware optimizations for Chinese AI models like DeepSeek and Qwen, even as it warns regulators that US restrictions on such models could hurt its business.
OpenAI’s first custom inference chip, Jalapeño, delivered up to 1.9 times more work per watt and far lower latency than rival systems, with AI accelerating its own design.
Apple launched new Mac Mini and Mac Studio models with its M6 and M5 Ultra chips, explicitly built for developers running AI models and agents locally instead of in the cloud.
AMD and Anthropic have announced a strategic partnership to deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs in AMD Helios rack-scale solutions, with the first gigawatt deployment beginning in the first half of 2027.
Google is designing Frozen v2, a chip that hardwires parts of its Gemini model into silicon and could serve six to ten times more tokens per watt, targeting deployment by 2028.
SK Hynix raised $26.5 billion in its Nasdaq debut, the largest US listing ever by a foreign company, as investors rushed to buy into the AI memory chip boom.
Meta plans to begin manufacturing its in-house Iris AI chip in September as it aims to double computing capacity to 14 gigawatts next year and cut its reliance on Nvidia.
Apple expanded its partnership with Broadcom in a multi-year deal worth more than $30 billion, its largest US manufacturing commitment, to produce over 15 billion American-made chips.
Nvidia’s Kyber rack for its 2027 Rubin Ultra chips has slipped more than a year to 2028 over a hard-to-manufacture circuit board, SemiAnalysis says, with no proven fallback.
About $2.3 trillion was wiped from the Magnificent 7 in June as investors questioned Big Tech’s huge AI spending, even as chip and memory stocks kept climbing.
South Korea announced about $880 billion in planned investment to expand chipmaking, AI data centers and robotics, aiming to double memory output and revive regions outside Seoul.
Google has limited Meta’s use of its Gemini AI models after Meta sought more computing capacity than Google could supply, delaying some of Meta’s internal projects.
OpenAI and Broadcom have unveiled Jalapeño, OpenAI’s first custom AI accelerator chip designed specifically for large language model inference.
SK Hynix filed to raise about $29 billion through a Nasdaq ADR listing set for July 10, roughly double earlier estimates, to fund its AI memory expansion.