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Megaspeed chip-smuggling investigation reportedly moved to Justice Department

A Commerce Department investigation into Megaspeed over alleged smuggling of Nvidia chips to China was transferred to the Justice Department after Nvidia intervened, the New York Times reported, citing sources. The Singapore company was buying advanced Nvidia AI chips.
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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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Infrastructure AI
Infrastructure AI

Anthropic buys $3.4 billion in natural gas generators

Anthropic is spending $3.4 billion on Caterpillar natural gas generators capable of producing up to 1.7 gigawatts of electricity, TechCrunch reports, citing the Financial Times.

Infrastructure Products
Infrastructure Products

Honda commits $3B to Ohio assembly plant focused on hybrids

Honda said Monday it will invest $3B in a new Ohio vehicle assembly plant with capacity for up to 240,000 vehicles a year. Production is scheduled to begin in 2029 at the site between its Marysville and East Liberty factories.

Capital
Capital

Nominal raises $240 million at a $3 billion valuation

Nominal has raised $240 million at a $3 billion valuation, triple its valuation in a funding round earlier this year, Bloomberg reports. The startup builds software to make manufacturing more efficient.

Capital
Capital

Coframe raises $25 million for automated website experiments

Coframe announced a $25 million Series A co-led by Khosla Ventures and Hanabi Capital, bringing its total funding to $35 million. The company develops software that generates and tests variations of websites, landing pages and advertisements.