Reading List
The most recent articles from a list of feeds I subscribe to.
Sources: Intel is in advanced talks to acquire AI chip startup SambaNova for about $1.6B including debt; the deal could come together as soon as next month (Bloomberg)
Bloomberg:
Sources: Intel is in advanced talks to acquire AI chip startup SambaNova for about $1.6B including debt; the deal could come together as soon as next month — Intel Corp. is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt …
Automated digital wealth management company Wealthfront's stock closed up 1.36% in its Nasdaq debut, valuing it at ~$2.7B, after raising $486M in its IPO (Andrew Welsch/Barron's Online)
Andrew Welsch / Barron's Online:
Automated digital wealth management company Wealthfront's stock closed up 1.36% in its Nasdaq debut, valuing it at ~$2.7B, after raising $486M in its IPO — Wealthfront stock trades on the Nasdaq under the ticker symbol WLTH. Its IPO priced at the top of its expected range.
Shares of data center real estate company Fermi closed down 34% after a tenant terminated a $150M agreement to help fund an AI campus in West Texas (Financial Times)
Financial Times:
Shares of data center real estate company Fermi closed down 34% after a tenant terminated a $150M agreement to help fund an AI campus in West Texas — Stock price of company co-founded by ex-US energy secretary Rick Perry fell as much as 46% — Shares in data centre real estate group Fermi almost halved …
Tether submits an all-cash offer to acquire a 65.4% stake in Italian soccer club Juventus, says it will invest €1B in the club if the acquisition is completed (Reuters)
Reuters:
Tether submits an all-cash offer to acquire a 65.4% stake in Italian soccer club Juventus, says it will invest €1B in the club if the acquisition is completed — Crypto group Tether said on Friday it has submitted an all-cash proposal to the holding company of the Agnelli family to buy …
Source: OpenEvidence, which offers an AI chatbot for doctors, is raising $250M at a $12B valuation, up from $6B in Oct., and has $150M in annualized ad revenue (Stephanie Palazzolo/The Information)
Stephanie Palazzolo / The Information:
Source: OpenEvidence, which offers an AI chatbot for doctors, is raising $250M at a $12B valuation, up from $6B in Oct., and has $150M in annualized ad revenue — OpenEvidence, which operates a ChatGPT-like product for doctors to find health information from medical journals and other trusted sources …