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US arrests California man suspected of smuggling restricted Nvidia chips

US authorities arrested a California man suspected of smuggling $300M+ worth of restricted Nvidia AI chips to China, Bloomberg reported. The suspected shipments passed through Malaysia and Singapore from 2023 to 2024. The arrest concerns alleged smuggling of restricted hardware.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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AI Infrastructure
AI Infrastructure

Broadcom syndicate seeks $60 billion for AI chip financing

Broadcom's Wall Street syndicate is starting to gather $60 billion in fresh AI chip financing, Bloomberg reported, citing sources. The financing effort would help Anthropic and other companies access chips and other infrastructure...

Infrastructure Products
Infrastructure Products

Rocket Lab signs 20-launch agreement with Synspective

Rocket Lab signed a 20-mission Electron launch agreement with Japanese radar satellite operator Synspective, Ars Technica reported, citing Aviation Week & Space Technology. Rocket Lab calls it its largest Electron launch service a...

AI Capital
AI Capital

Halluminate raises $30M for AI financial training environments

Halluminate raised a $30M Series A led by Oak HC/FT, bringing its total funding to $38.5M, Fortune reported. The nine-person San Francisco startup builds environments for training AI to perform complex financial work, giving the f...

AI Infrastructure
AI Infrastructure

OpenAI deploys Jalapeño chips with AMD Turin host processors

OpenAI is deploying its Jalapeño custom AI chips internally alongside AMD EPYC Turin host processors, each with 1.5TB of memory, Tom's Hardware reported. OpenAI hardware chief Richard Ho said the company chose Turin to reduce depl...

AI
AI

Suno opens public beta for speech generation with optional music

Suno has launched Speech in public beta on its web and mobile platforms, extending its AI music service to spoken voice generation, The Verge reported. Users can generate voiceovers and accompanying background music together, or s...