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Chinese food delivery giant Meituan unveiled its new open-source large language model that it says has been trained entirely on Chinese chips. Meituan, which developed its first LLM last year, said its new model, LongCat-2.0, which has 1.6 trillion parameters, is the first model of this ...
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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Taiwan has passed a sweeping new law to regulate its crypto sector, sending the bill to the President for final approval. Read more ›
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French bid to block UK from €5bn EU fund sparks backlash Read more ›
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Startups praise UK’s long-awaited defence investment plan Read more ›
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The Information
SpaceX’s xAI is doubling down on video- and image-generating tools, people familiar with the project said. That’s seizing on an opening left by OpenAI and Anthropic, which offer fewer visual capabilities. XAI launched an upgraded video model last week, highlighting how it’s pushing ahead with its own visual efforts even as it brings in outside help to compete with rivals in areas like coding. SpaceX also touted the popularity of... Read more ›
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OpenAI and Broadcom unveiled a new chip the two companies have developed for inference, a big step forward in OpenAI’s effort to reduce its reliance on Nvidia chips and control its own hardware. The companies are calling the new chip Jalapeno, and they said in a blog post that “early ... Read more ›
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By some accounts, the compute crunch of 2026 has become even more dire than the chip crunch of 2023, which saw even venture capital firms becoming quasi-cloud providers temporarily. That’s good news for a subclass of firms that popped up to rent out computing power and help developers run open-source models to power applications. Some people call them compute resellers or inference providers.Most of these firms rent out Nvidia-powered servers... Read more ›
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Ornn, a startup that tracks the cost of AI tokens and computing power, raised $33 million in a funding round led by Andreessen Horowitz. The money will be used to build a marketplace for trading compute, executives at the company told Bloomberg. Ornn is one of several companies seeking to turn ... Read more ›
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Qualcomm has agreed to pay around $3.9 billion in stock for Modular, a software startup that allows developers to write software to run on different chips without having to rewrite the code for each chip. The deal price, based on Qualcomm’s last closing price on Tuesday, more than doubled the ... Read more ›
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Since the start of the year, cities, towns, counties and states across America have slammed the brakes on allowing new data centers in their backyards. By exhaustively combing through a combination of legal documents and local news reports, The Information has identified more than 300 temporary and permanent bans on data center development that state and local governments throughout the U.S. have passed since 2023, and over 75 more under... Read more ›
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For founders, the benefits of building a personal brand are undeniable. A high-profile personal brand can lead to more attention and opportunities from media and investors, create inbound demand from warm leads, and foster trust with potential customers. And, unlike traditional marketing, it can be executed with zero budget. However, building a personal brand can take a great deal of time. With so many founders and thought leaders competing for... Read more ›
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Finance isn’t exactly known for minting new business models overnight. The industry is heavily regulated, customers are slow to move money and licensing often keeps firms in familiar lanes. Prediction markets are proving a rare exception. Fast-growing U.S. prediction market Kalshi recently topped $2 billion in annualized revenue. At that pace, it would already be generating roughly half of Robinhood’s latest annual revenue and around one-third that of exchange operator... Read more ›
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AI server chips that effectively compete with Nvidia’s have never been more in-demand as AI developers and cloud providers seek lower-cost alternatives to the market leader. In the latest example, nine-year-old chip startup SambaNova is set to raise between $800 million and $1 billion, its executive chairman, Lip-Bu Tan, said at an event on Tuesday. Tan, who is also CEO of chip designer and manufacturer Intel, didn’t elaborate. But people... Read more ›
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OpenAI has hired Amazon Web Services veteran Chris Grusz to serve as managing director of cloud partnerships, a role that involves working with the startup’s cloud provider and software partners. Grusz, whose recently updated LinkedIn profile reflects his new role, spent nearly 11 years at AWS ... Read more ›
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Most popular sources
ScienceDaily
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ArcticStartup
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Irish Tech News
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Tech.eu
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EU-Startups
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01.07.2026 01:20
Last update: 01:10 EDT.
News rating updated: 08:12.
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