Apple Sues OpenAI Over Alleged Trade Secret Theft
Apple has sued OpenAI in federal court, accusing two former Apple engineers of stealing confidential hardware secrets to help build OpenAI's in-development AI device.
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Meta to Start Producing In-House AI Chip 'Iris' in September
Meta plans to begin manufacturing its in-house "Iris" AI chip in September, aiming to double its data center computing capacity to 14 gigawatts by 2027, an internal memo reviewed by Reuters shows.
Read more →AI Chip Maker SambaNova Raises $1B, Hits $11B Valuation
SambaNova closed the first tranche of a $1 billion Series F round led by General Atlantic, and said JPMorganChase will deploy its chips for on-premises AI inference.
Read more →Camera-Free Smart Glasses Maker Even Realities Hits $1B Valuation
Shenzhen startup Even Realities raised $150 million led by Tencent and Meituan, valuing the camera-free smart glasses maker at $1 billion.
Read more →Syntiant Files for Nasdaq IPO to Scale 'Physical AI' Chips
Intel- and Microsoft-backed chipmaker Syntiant filed to list on Nasdaq under ticker SYTN, betting on demand for its low-power, on-device 'Physical AI' processors.
Read more →Samsung's Q2 Profit Surges 19-Fold to $58 Billion on AI Memory Boom
Samsung Electronics said preliminary operating profit for the second quarter jumped roughly 19-fold as AI-driven demand pushed DRAM and NAND memory prices sharply higher.
Read more →Anthropic Signs $19 Billion Data Center Lease With TeraWulf
Anthropic will lease a 401-megawatt AI computing campus in Hawesville, Kentucky, from TeraWulf under a 20-year, $19 billion deal, with capacity coming online starting in 2027.
Read more →China's GLM-5.2 Rivals US Frontier AI at One-Sixth the Cost
Z.ai has released GLM-5.2, a 744-billion-parameter open-weight model that matches GPT-5.5 on key benchmarks and trails Claude Opus 4.8 narrowly — trained entirely on Huawei silicon with no Nvidia hardware.
Read more →Meituan Reveals LongCat-2.0: The Stealth AI That Secretly Led Global Charts
Chinese tech company Meituan has disclosed that "Owl Alpha," an anonymous model that topped OpenRouter rankings for two months, was its 1.6-trillion-parameter LongCat-2.0 — trained entirely on domestic chips and now free under an MIT license.
Read more →Unitree Robotics Wins Final Approval for $620M Shanghai IPO
China's top humanoid robot maker received China Securities Regulatory Commission clearance on July 2 to list on Shanghai's STAR Market, aiming to raise 4.2 billion yuan to fund AI model development and new products.
Read more →South Korea Bets $880 Billion on AI and Semiconductor Dominance
President Lee Jae Myung unveiled a sweeping national strategy on June 29, committing at least $880 billion from Samsung, SK Hynix, and major Korean conglomerates to semiconductors, AI infrastructure, and data centers through 2035.
Read more →Samsung Commits $648 Billion to AI Chips Over the Next Decade
Samsung Group pledged 1,000 trillion won ($648 billion) at a South Korean government briefing on June 28, with over 350 trillion won targeting AI data centers and semiconductor factories across the country over ten years.
Read more →SK Hynix Plans $29 Billion Nasdaq Listing to Expand AI Memory
South Korea's leading chipmaker SK Hynix plans to raise $29.4 billion via a Nasdaq ADR offering — which would be the largest in history — to fund new AI memory production capacity.
Read more →Qualcomm Agrees to Acquire AI Software Startup Modular
Qualcomm has agreed to buy Modular, the AI infrastructure startup behind the Mojo programming language and MAX platform, for a reported ~$4 billion, aiming to build a cross-hardware AI deployment stack.
Read more →Qualcomm Unveils Dragonfly Data Center Chip Family, Wins Meta as First Customer
Qualcomm on June 24 unveiled the Dragonfly data center chip family — a 250-core Arm-based CPU and a new inference accelerator — with Meta signed on to deploy the hardware in its server fleet from 2028.
Read more →Liquid AI Ships 230M Open Model for On-Device AI Agents
Liquid AI released LFM2.5-230M, a 230-million-parameter open-weight model that runs AI agent tasks at 213 tokens per second on a phone CPU and 42 tokens per second on a Raspberry Pi — without a cloud connection.
Read more →Agility Robotics Plans $2.5 Billion Public Listing Via SPAC
Agility Robotics, maker of the Digit humanoid robot, has entered a SPAC merger valuing the company at $2.5 billion — one of the first major public listings for a commercial humanoid robotics firm.
Read more →SK Hynix Files for $29B Nasdaq Listing to Expand AI Memory Supply
The South Korean chipmaker behind more than half the world's HBM memory—the critical component inside AI accelerators—is seeking $29.4 billion on Nasdaq to fund four new semiconductor plants.
Read more →Qualcomm Buys AI Software Startup Modular for $3.9 Billion
Qualcomm will acquire Modular — creator of the Mojo language and MAX inference engine — in a $3.9 billion all-stock deal aimed at letting developers deploy AI on any hardware without rewrites.
Read more →OpenAI Unveils Jalapeño, Its First Custom AI Inference Chip
OpenAI and Broadcom revealed Jalapeño on June 24 — a purpose-built inference chip designed in nine months with AI assistance, targeting deployment by end of 2026.
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