White House Mulls 10% Intel Stake as Chipmaking Push Intensifies
The White House is considering taking a 10% stake in Intel as part of its push to bolster domestic chipmaking and national security, fueling a recent 18% rally in Intel's stock.
Funding
SoftBank Injects $2 Billion into Intel, Boosting U.S. Chip and AI Ambitions
In a major move, SoftBank injects $2 billion into Intel at $23/share, bolstering U.S. semiconductor self-sufficiency and AI ambitions, supporting Intel's 18A chip manufacturing node and AI roadmap to compete with TSMC, NVIDIA, and AMD amidst intense competition, government subsidies, and geopolitical factors.
SoftBank Invests $2 Billion in Intel, Bolstering Semiconductor Innovation
SoftBank Group Corp. invests $2 billion in Intel at $23 per share, deepening their commitment to semiconductor innovation and AI technology in the United States.
OpenAI CEO Altman Admits AI Market in Bubble as Company Seeks $6 Billion at $500 Billion Valuation
OpenAI CEO Sam Altman acknowledges the AI market is in a bubble reminiscent of the 1990s dot-com boom, even as his unprofitable company seeks $6 billion at a staggering $500 billion valuation amid expert warnings that AI overvaluation now exceeds the internet bubble.
Funding
Business
U.S. Mulls Equity Stake in Intel to Boost Domestic Chip Production
In a bold move towards state capitalism, the U.S. government explores taking an equity stake in Intel, sending the chipmaker's stock soaring and signaling a push to boost domestic semiconductor production amid global supply chain challenges.
Intel Shares Surge as Trump Eyes Government Stake in Chipmaker
Intel shares surge as Trump administration explores taking government stake in chipmaker to fund factories in Ohio, aligning with push for domestic chip production as Intel remains sole U.S. company capable of manufacturing fastest chips.
Cohere secures $500 million, valued at $6.8 billion; Pineau named Chief AI Officer
Cohere, an AI startup, secures $500 million in funding, valuing it at $6.8 billion, as it appoints Joelle Pineau as Chief AI Officer and plans to advance agentic AI for businesses and governments.
Cohere Secures $500M Funding, Valued at $6.8B to Propel Enterprise AI
Cohere, an AI startup, secures $500M funding at $6.8B valuation, onboards Joelle Pineau as Chief AI Officer and Francois Chadwick as Chief Financial Officer, partners with Oracle, Dell, RBC, and launches North, an agentic AI platform, propelling enterprise AI adoption.
xAI Co-founder Exits Musk's Startup Amid Chatbot Controversy
xAI Co-founder Igor Babuschkin exits Elon Musk's AI startup amid controversy over its chatbot Grok making offensive remarks, departing to launch his own venture capital firm focused on AI safety.
OpenAI Rival Merge Labs Valued at $850 Million in Brain-Computer Interface Race
OpenAI co-founder Sam Altman's brain-computer interface startup Merge Labs raises $850 million, reportedly drawing interest from OpenAI as a potential Neuralink rival in the race to merge humans with AI.