Company received a $1.5bn valuation in February

Mass production at the plant expected by second half of 2028

Funding was extension of Series C round

Updates financial reporting structure to increase transparency

Company will produce processors specifically designed for LLM training

Money will be spent on upgrading homes, education, transport, and electricity grid in Eindhoven

Despite earlier delays, Arizona plant now expected to be operational by end of 2024

Department of Commerce investigating alleged sanctions breach

UCL spinout connects AI GPUs together with light

Second payment of a previously agreed investment

The new regime with tougher penalties came into force this week

The Series B round was co-led by Samsung Catalyst Fund and Tiger Global Management

Lenovo ThinkSystem Neptune to be housed at new £30m supercomputing center

Plant is expected to be operational by 2028

Project will bring together industry, government, and academic partners

Sale of shares will generate $884 million for failed crypto exchange

The deal will help South Korean cloud company Naver reduce its reliance on Nvidia hardware

Terms of the deal have not been disclosed

List of approved technologies contains only Chinese-made solutions

Probe relates to inclusion of 7nm chips in Huawei Mate 60 Pro phone

Brings company’s total funding to $70 million

President Biden will visit Intel’s Chandler, Arizona, campus to announce the deal

The state’s construction industry has reportedly been squeezed by an influx of investments

UK businesses can now apply for research funding