a16z Expands Growth Fund to $8.5 Billion, Doubling Down on AI
Andreessen Horowitz, one of Silicon Valley’s most influential venture firms, has expanded its fifth growth fund to $8.5 billion, adding $1.75 billion to the $6.75 billion the fund raised at…
Samsung Unveils CUBE Memory Strategy With HBM5 Performance Targets
At SEMICON Taiwan on September 1, Samsung Electronics laid out its next generation of memory products under the banner CUBE, disclosing specific performance targets for the first time: HBM5, the…
OpenAI’s Ad Business Passes $1 Billion Annualized Revenue
OpenAI disclosed on August 31 that its advertising business, ChatGPT Ads, has reached $1 billion in annualized revenue, a figure confirmed by CNBC and Reuters. The number is notable for…
Google Signs Record 396-Megawatt Geothermal Deal With Fervo
On September 1, Fervo Energy and Google announced a 396-megawatt geothermal power agreement, the largest single geothermal contract either company has signed. The 15-year deal covers power from a project…
Oracle Cuts About 10,000 Jobs, With India Bearing the Brunt
The emails went out before sunrise. Employees in Bengaluru and other Indian technology hubs opened their inboxes around 6 a.m. on September 1 to find notices that their jobs were…
SoftBank’s SB Energy Files for IPO, Targeting $7 Billion Raise
SB Energy, the data center and energy infrastructure company controlled by SoftBank, filed for an initial public offering with the U.S. Securities and Exchange Commission on September 1, aiming to…
EU Designates ChatGPT, Reddit and Roblox for Stricter Oversight
The European Commission announced on August 31 that it has designated ChatGPT, Reddit and Roblox under the Digital Services Act, the bloc’s sweeping law for online platforms. ChatGPT will be…
Anthropic and Nvidia-Backed Lambda Strike $35 Billion Cloud Deal
Anthropic has signed a $35 billion cloud computing agreement with Lambda, the Nvidia-backed cloud services provider, according to people familiar with the transaction. The data center capacity at the center…
Google’s Dreambeans Drops Subscription, Opens Free Testing
Google’s AI news app Dreambeans is giving up its subscription model and opening free testing, the company said in a product announcement. The app, which Google has described as a…
Nscale Secures Nearly $3 Billion for U.S. Data Center Campuses
On August 31, Nscale, a cloud infrastructure provider, said it had locked in financing commitments of roughly $3 billion to build two data center campuses in the United States. The…
