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Nvidia Plots China Comeback With New AI Chip

Nvidia plans to begin small-batch shipments of an AI chip specially tailored for Chinese customers by the end of the year, according to two employees, in what would represent a new route to China for the company. Several Chinese customers have already placed orders for the chip, which is a variant of Nvidia’s language processing unit. The LPU is a new chip developed by Nvidia with technologies licensed from Groq that works alongside Nvidia’s graphics processing units to speed up an AI chatbot...

Walmart’s U.S. Sales Slowdown Sends Stock Tumbling 9%

Finance chief John Rainey pointed out, however, that the "role of our stores has evolved" as ecommerce sales have grown.

Alibaba CEO Expects AI-Related ARR to Reach $10 Billion by September

Alibaba’s capex in the quarter through June surged 75% from a year earlier as the company tries to meet growing customer demand for compute.

Exclusive: UBS Hires JP Morgan Banker Su to Ramp Up AI Banking Efforts

UBS is boosting its efforts in AI dealmaking.

Veteran Barclays Semiconductor Banker Tim Luke to Join Morgan Stanley

The long-time chip banker advised Arm on its 2023 IPO. 

Marvell Gives Google the Right to Buy Up to $12.2 Billion in Stock as Part of Chip Deal

Marvell shares jumped nearly 10% on news of an expanded partnership in which the companies will collaborate on custom semiconductor development.

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Trump Says Regulators Working to Bring Hyperliquid to the U.S.

Hyperliquid is a fast-growing offshore crypto venue for perpetual futures.

Stripe Confirms Acquiring AI Marketplace Startup OpenRouter

Stripe is paying $7.5 billion for OpenRouter, a steep premium from its valuation of $1.3 billion in May.

OpenAI to Launch Security Analysis System With Better Privacy Protections

In contrast, Anthropic holds onto data for 30 days for Claude Fable 5.

What happens when Silicon Valley logs off—the trends, people and companies shaping tech culture.

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Chinese Humanoid Maker Unitree Shares Soar on Shanghai Debut

After the blockbuster debut, the company now has a market capitalization of more than $60 billion.

SEC Proposes Crypto Regulation For the First Time

The agency starts rulemaking as crypto legislation stalls in Congress.

Lawyers for California, Meta Deliver Opening Statements in Social Media Trial

The opening arguments focused on whether Meta has deceived the public.

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Mac Software Beta Reveals AirPods With Camera

The cameras will be used to analyze the world
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