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d-Matrix’s innovative chip designs have been gaining recognition, particularly for their effectiveness in powering generative AI applications like ChatGPT. d-Matrix, a rising star in the artificial intelligence (AI) chip industry, has successfully secured a significant $110 million in a series B funding round, with substantial support from heavyweight investors, including tech
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Only 9.5% of the Arm American Depository Shares would be available to the general public at the IPO, while SoftBank retains the rest. Chip design company Arm may be looking for up to $4.87 billion in funding at the conclusion of its upcoming initial public offering (IPO), which could put the
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The lawsuit alleges fraud, breach of contract and fiduciary duty, as well as aiding and abetting against DX Corr and its executives as well as former Coinmint employees. Coinmint is asking for “actual, compensatory and consequential damages, including but not limited to the $23 million,” that it deposited for the
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Nvidia’s total second-quarter revenue was $6.7 billion, in line with the consensus estimate of $6.7 billion, according to FactSet. In early August, Nvidia pre-announced lower-than-expected results, saying it expected revenue to come in at $6.7 billion, well short of its previous guidance of $8.1 billion, primarily owing to lower gaming
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The U.S. Department of Defense said that there were reports of SMIC’s alleged involvement with the Chinese military and further passing on their chip technology for China’s defense purposes.The United States continues to tighten its grip over Chinese tech companies. After issuing a ban on TikTok, the U.S. is looking
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