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Nvidia is investing $3.5 billion in MediaTek’s record convertible bond offering, tying MediaTek’s custom AI chip push to Nvidia’s own interconnect technology as Big Tech builds more of its own silicon.
OpenAI’s first custom inference chip delivered 1.5 to 1.9 times more work per watt and 1.7 to 3.6 times lower latency than the tested NVIDIA Blackwell systems. The early results are promising, but they come from engineering silicon and a limited benchmark workload.
Startup Discovered Materials has raised $9 million to deploy AI in the search for novel materials that can solve the thermal management crisis in advanced AI chips.
AI-focused hedge fund Situational Awareness has committed $400 million to chip startup Source Foundry, signaling a major bet on specialized hardware despite recent investor redemptions.