Instinct confirms $1 billion Series C at $10 billion valuation
AI assistant startup Instinct confirmed a $1 billion Series C backed by investors including Sequoia Capital, Benchmark Capital and Coatue. The round values the company at $10 billion, up from the $2.5 billion valuation it announce...
Anthropic makes Claude Sonnet 5.5 available across its platforms and major clouds
Anthropic says Claude Sonnet 5.5 is now available through its own platforms, Amazon Web Services, Google Cloud and Microsoft Azure. The company prices it at $2 per million input tokens and $10 per million output tokens, matching S...
VSMC opens $7.8 billion Singapore chip fab, begins risk production
VisionPower Semiconductor Manufacturing Company opened its $7.8 billion wafer fabrication plant in Singapore on September 28. The joint venture between Vanguard International Semiconductor and NXP Semiconductors has completed cons...
SiMa.ai raises $150 million for on-device AI chips
SiMa.ai has raised a $150 million Series C at a $1.45 billion valuation to develop chips and software that run AI directly on robots, drones, cameras and other devices. Fidelity Management & Research Company and Amplify co-led the...
Nvidia board adds $150 billion to share repurchase authorization
Nvidia said its board authorized a $150 billion increase to its existing share repurchase program, bringing the total remaining authorization to $235 billion. The decision expands the amount the chipmaker may spend buying back its...
Outmarket raises $34.5 million for insurance broker automation
Insurance software startup Outmarket raised a $34.5 million Series B led by SignalFire, TechCrunch reported. The round follows a $17 million Series A four months earlier; a person familiar with the investment put Outmarket's valua...