Trump Discloses Nvidia Stake Above $100 Million as He Praises Chip Earnings
President Donald Trump holds more than $100 million in Nvidia stock, according to public disclosures, and he praised the chip maker’s quarterly results on Aug. 28, calling the numbers “incredible.”…
Micron to Spend $10 Billion on AI Research Lab as Trump Praises Memory Maker
Micron Technology said it will invest $10 billion in an artificial intelligence research laboratory in Boise, Idaho, its home city, and President Donald Trump on the evening of Aug. 27…
a16z Raises $1.1 Billion Fund for the ‘Machine Age’ of AI Hardware
Andreessen Horowitz announced on Aug. 28 that it has raised an $1.1 billion fund dedicated to what it calls the Machine Age: physical infrastructure for artificial intelligence. The fund will…
Intel Completes Roughly $20 Billion Share Sale to Fund AI Chip Push
Intel said it had completed an equity offering of about $20 billion to $23 billion, one of the largest in the company’s history, to fund AI chip capacity and its…
Victims Sue xAI, Alleging Grok Trained on Images of Child Sexual Abuse
On the evening of Aug. 27, Ars Technica reported that a group of sexual abuse victims had sued xAI, alleging that the company trained its Grok models on real images…
Judge Rules Pentagon’s Designation of Anthropic Unlawful, Clearing Path to IPO
Late on Aug. 27, U.S. District Judge Rita Lin ruled that the Trump administration’s decision to label Anthropic a “supply chain risk” was unlawful, saying Defense Secretary Pete Hegseth’s designation…
OpenAI, Microsoft and 116 Organizations Warn of Imminent AI Cyberattacks
OpenAI published an open letter on Aug. 28 calling for stronger global cyber defenses, signed by 116 organizations including Anthropic, AWS, Google, Microsoft, OpenAI and Oracle. The letter warns that…
SK Hynix Breaks Ground on First U.S. HBM Packaging Plant in Indiana
SK Hynix held a groundbreaking ceremony on Aug. 27 for its first U.S. high-bandwidth memory packaging plant, a facility in West Lafayette, Indiana, that will cost more than $4 billion…
Marvell Posts Record Revenue but Shares Fall on Chip-Timing Worry
Marvell Technology reported record quarterly revenue on Aug. 28, beating analyst estimates, then watched its shares fall 7.6% in after-hours trading as investors focused on a single line in the…
SoftBank Seeks $10 Billion Loan to Refinance Its OpenAI Bet
SoftBank Group is in talks to borrow $10 billion for two years to refinance debt it took on to fund its investment in OpenAI, according to people familiar with the…
