iPronics Raises $125 Million for Smaller Optical Switches
iPronics, a Spanish startup that builds optical switches for AI data centers, said Tuesday it raised $125 million in a Series B round led by Maverick Silicon and Light Street…
HiddenLayer Raises $100 Million as AI Security Spending Grows
HiddenLayer, an Austin-based company that sells security software for AI models, said Tuesday it raised $100 million in a Series B round led by Delta-v Capital. Ten Eleven Ventures, Morgan…
Musk’s G20 Forecast: AI Outcodes Humans by 2027, Then Meets a Power Gap
Elon Musk brought a calendar to the Group of 20. Appearing at the summit this week, the founder of SpaceX and one of the artificial-intelligence industry’s most consequential financiers delivered…
Kuehne’s 42.2 Billion Euro Estate: No Heirs, No Inheritance Tax, One Charity
For a fortune of 42.2 billion euros, the paperwork was remarkably quiet. Klaus-Michael Kuehne, the German-born shipping magnate who built Kuehne+Nagel into one of the world’s most successful air- and…
Nestle Sells Its Mainstream Vitamin Business for $1 Billion
VEVEY, Switzerland—For most of the past decade, Nestle bought its way into vitamins. On Wednesday it agreed to sell the mainstream part of that business for $1 billion, the clearest…
Dell’s Record AI-Server Quarter, and the Memory That Can’t Keep Up
Jeff Clarke did not need a chart to explain Dell Technologies’ problem. Asked on the earnings call which constraint was biting hardest, the vice chairman and chief operating officer answered…
Samsung Electro-Mechanics’ Record MLCC Supply Deal for AI Servers
SEOUL—The most important parts inside an artificial-intelligence server are also the easiest to overlook. Alongside the accelerators that do the computing sit thousands of multilayer ceramic capacitors, tiny components that…
Apple Hands New CEO Ternus a $55 Million Award on Top of a $3 Million Salary
CUPERTINO, Calif.—John Ternus took over as Apple’s chief executive on Sept. 1. A day later, shareholders learned what the job pays. Apple disclosed in a filing with the Securities and…
Nvidia Nears Deal to Buy Hugging Face for About $14 Billion
SANTA CLARA, Calif.—The world’s dominant seller of artificial-intelligence chips is in talks to buy the site where many of those chips get their software. Nvidia is in advanced discussions to…
OpenAI Says Its Next Model Finds Zero-Day Flaws Without Help
SAN FRANCISCO—OpenAI said its next flagship model can do what elite security researchers do for a living, and do it without being shown how. The company described the capabilities in…
