onsemi is buying Synaptics in an all-stock deal worth about $7bn. The onsemi Synaptics deal bets that AI’s next wave lives not in the cloud, but in cars, factories and robots. The chip industry has spent three years building for AI that runs in giant data centres. Onsemi just placed a bet on the opposite […]
Less than three years ago, residents of Green Charter Township, a rural community of roughly 3,000 people in central Michigan, packed a hall to celebrate what they saw as a victory for local democracy. They had recalled every member of their town board and installed replacements who promptly killed a $2.36 billion electric vehicle battery plant proposed […]
Superhuman, the company that used to be Grammarly, just bought GPTZero, the startup that catches AI writing. The contradiction is the point. As the internet fills with machine-made text, proving something is human is becoming a product. There is a neat irony at the centre of this deal. Superhuman’s biggest product helps people write with […]
Bloomberg says defense-factory startup Hadrian is in talks to raise as much as $1bn at a $7.5bn valuation. Hadrian calls that “inaccurate”. Either way, the rumour shows how hot physical AI and US reindustrialisation have become. Here is a number, and a denial, in the same breath. Hadrian Automation has discussed a new funding round […]
Reflection AI will pay SpaceX $150mn a month for Nvidia chips at Colossus 2, a deal worth roughly $6.3bn by 2029. The SpaceX Reflection AI deal puts Nvidia on both sides of the trade. SpaceX has signed another giant compute tenant. This time it is Reflection AI, an open-source startup barely two years old. Reflection […]
Groq has confirmed a $650mn raise to rebuild itself as an AI inference cloud, six months after Nvidia paid out its investors and hired away its founder. The Groq $650M round is a bet that purpose-built chips still beat GPUs. Groq spent years as one of the loudest challengers to Nvidia. Then, last December, Nvidia […]
Qualcomm is closing in on a deal to buy AI-software startup Modular for about $4bn. The Qualcomm Modular deal would hand the chipmaker fresh ammunition in its fight to rival Nvidia. Qualcomm has entered advanced talks to acquire Modular, according to Bloomberg. The deal would value the AI-infrastructure software company at roughly $4bn. An announcement […]
A group of California drivers has sued six of the country’s biggest fuel retailers, accusing them of using an artificial-intelligence pricing tool to coordinate the cost of petrol and keep it artificially high. The complaint, filed on 22 June 2026 in federal court in Sacramento, names BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart, and Albertsons […]
OpenAI’s books show zero debt and just $46mn of quarterly capital spending. The catch, reported by The Information: around $665bn of commitments sitting just off the balance sheet, now heading for regulators’ desks. On paper, OpenAI looks like a lean software business. The reality is far heavier. As at 31 March, the ChatGPT maker had […]
