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AI Capital

DeepX plans more than $100 million for chip using Samsung's 2 nanometer process

South Korean startup DeepX plans to spend more than $100 million developing its next artificial intelligence chip, Bloomberg reported. The planned chip will use Samsung Electronics' advanced 2 nanometer manufacturing process, tying the development investment to Samsung's chipmaking technology.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Security AI
Security AI

OpenAI launches tools for web app testing and automated defense

OpenAI has launched Daybreak Red Team in early access to test web applications for security flaws, The Register reported. It also launched Daybreak Defense Factory to automate finding, validating and fixing flaws, pairing penetration testing with a separate defensive product.

Infrastructure Products
Infrastructure Products

Samsung in talks to acquire data center cooling maker Modine

Samsung Electronics is in talks to acquire Modine Manufacturing, Bloomberg reported, citing people familiar with the matter. Modine makes cooling systems for data centers and has a market value of $5.6B. A deal could come as soon as the coming weeks.

AI Infrastructure
AI Infrastructure

Company founded by Alice Huang procured smuggled AI chips, documents indicate

A Chinese company founded by Alice Huang procured smuggled AI chips that were installed at a Shanghai data center, Bloomberg reported, citing documents it reviewed. The data center has links to Megaspeed International Pte. Huang is at the center of a controversy involving Nvidia.