The IPO-bound GPU-cloud start-up adds one of the largest US quantitative trading firms to a customer list that already includes Microsoft and NVIDIA itself. Lambda has signed a cloud-infrastructure deal with Hudson River Trading, one of the largest US quantitative trading firms, to supply HRT with access to NVIDIA chips, Reuters reported on Wednesday. The […]
Analog Devices has agreed to buy Empower Semiconductor for $1.5 billion in cash, placing a major bet that the insatiable energy demands of AI data centres will keep chipmakers scrambling for better power-delivery technology. The deal, announced on Monday, gives the Wilmington, Massachusetts-based chipmaker access to Empower’s integrated voltage regulators, which sit directly beneath AI accelerators and […]
SpaceX expects to complete its $60 billion acquisition of AI coding startup Cursor roughly 30 days after it begins trading publicly, according to Bloomberg, a timeline that would place the deal in July if the company’s blockbuster IPO proceeds on schedule. The rocket, satellite, and artificial intelligence conglomerate is planning to file its public IPO prospectus as […]
H2O.ai has unveiled tabH2O, a foundation model purpose-built for tabular data that can generate high-accuracy predictions from structured datasets using a single API call, with no model training required. The company announced the product at Dell Technologies World 2026, positioning it as a significant shift in how enterprises handle predictive AI. Rather than spending weeks on […]
Intercontinental Exchange, the parent company of the New York Stock Exchange, is preparing to launch futures contracts tied to the cost of computing power, marking the latest sign that Wall Street sees AI infrastructure as the next great commodity market. ICE announced on Monday that it will team with Ornn, a financial-infrastructure firm whose […]
Hitachi has announced a strategic partnership with Anthropic that will see the Japanese industrial conglomerate deploy Claude AI models across its entire workforce of approximately 290,000 employees, in what it describes as a move to strengthen its “Lumada 3.0” business model. The deal positions Hitachi as one of the largest enterprise adopters of Claude globally, […]
Meta is building the most expensive single piece of private infrastructure in American history. Hyperion, the company’s AI data centre campus in Richland Parish, Louisiana, now carries a projected cost of more than $200 billion, a figure that has grown steadily since the project was first announced at $10 billion in December 2024. The campus […]
ECARX, the automotive technology company backed by Geely founder Li Shufu, has signed a strategic framework agreement with May Mobility to supply thousands of autonomy-enabled vehicles for the American robotaxi operator’s commercial fleet. The deal, valued at approximately $750 million, pairs a Chinese-founded hardware supplier with one of the few US robotaxi companies that has […]
The $20bn Kimi developer has informed shareholders it will dismantle its variable-interest-entity structure, after Beijing made it clear an exemption was unlikely. The IPO would be one of the biggest Chinese AI listings on record. Moonshot AI, the Beijing-based developer of the Kimi chatbot, has told shareholders it intends to dismantle its variable-interest-entity (VIE) structure […]
