Amazon AGI Labs chief defends his reverse acquihire

When Amazon hired the founders of AI startup Adept last year, it was one of the first examples of what became known as reverse acquihires — deals where a large company hires key startup team members and licenses its technology, rather than acquiring the startup outright. Adept’s co-founder and former CEO David Luan subsequently became…

Read More

The Trump administration’s big Intel investment comes from already awarded grants

Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead,…

Read More

Aspiration co-founder to plead guilty to $248M fraud scheme

Sustainability-focused fintech Aspiration was flying high a few years ago, attracting famous investors including Orlando Bloom, Leonardo DiCaprio, and Robert Downey Jr. Now, its co-founder will plead guilty to helping perpetuate a $248 million fraud scheme, according to U.S. attorneys. Joseph Sanberg, who was arrested in March, has agreed to plead guilty to two counts…

Read More

Nvidia reportedly halts production on its H20 AI chips

Beijing may have thrown a wrench into Nvidia’s plans on making a comeback in China’s AI market. Nvidia has instructed its component suppliers to stop production related to its H20 AI chip, according to The Information. The production halt comes after Beijing reportedly warned Chinese companies against using these chips because of potential security issues…

Read More