Canada and South Korea bet billions on opposite ends of the AI stack
Two government-backed funding moves this week expose the divergent strategies nations are adopting to secure their positions in the AI supply chain: Canada is writing checks directly into a foundation-model company, while South Korea is fi…
Enflame Technology triples in Shanghai debut, raises $912M
Enflame Technology, a Tencent-backed AI chipmaker, saw its shares surge 188% on its first day of trading on the Shanghai Stock Exchange on September 11, giving the company a market capitalization of 176.4 billion yuan, or approximately $26.…
Cohere seeks up to $3B at $20B valuation with Canadian government backing
Cohere is in advanced talks to raise between $2 billion and $3 billion at a $20 billion valuation, with financing from the Government of Canada and existing backers, according to a report by The Globe and Mail . Bloomberg separately confirm…
Huawei demos 7.2 Tbps optical module, outpaces emerging 6.4T standard
Huawei Technologies demonstrated what it calls the industry's first 7.2-terabit-per-second near-packaged optics module at the China International Optoelectronic Exposition in Shenzhen on September 10, running live at 200 gigabits per lane a…
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RANKED · 5 THIS DAYDiscovery Loop Seeks ~$50B Valuation Weeks After $10B Round
Discovery Loop, the AI startup founded by former Google chief scientist Jeff Dean, is raising funds at a valuation of approximately $50 billion, according to sources cited by Ben Bergman at Business Insider . The figure represents a fivefol…