Company says it is working to close the gap between AI ambition and outcomes

System has been designed to fit inside a conventional 19-inch rack

Company raised $5.55bn from sale of 30 million shares

Share price above the expected range

Series B round was co-led by Accel, Factorial Funds, and Peter Thiel’s Founders Fund

First time tool will be used for superconducting quantum applications in the US

MicroSparc chip generates “continuous electrical power” by harvesting energy from quantum vacuum fields

Extended round brings total raised by the company to more than $350m

The company claims the Hanyuan-2 system is the first of its kind globally

Platform consists of six Nvidia H200 GPUs and 52 Nvidia L40S GPUs

The platform will support AI inference workloads across both public and private European initiatives

Broadcom’s investment in initial project phase reportedly tied to Microsoft purchase commitments

Second system deployed by the company in as many months

Company notes the fundraise ranks among the largest quantum Series A rounds globally

Round was co-led by DCVC and Kembara, with participation from new investors British Business Bank and Firgun

Chip giant also said customer demand for its new Arm AGI CPU has hit $2bn

McLean has previously worked at Analog Devices, Texas Instruments, and National Semiconductor

Highest capacity commercially available SSD

Despite significant double-digit data center growth, total revenue remained flat quarter-on-quarter

Company’s shares surged by more than 15 percent to push it past the $1tn mark

Investors in the Series B round included Intel Capital, IQT, and ETF Partners

System’s compute performance is expected to exceed 25 petaflops

Company says acquisition will boost its AI and data center product offerings

Chipmaker has also hired former Qualcomm exec Alex Katouzian to oversee its Client Computing & Physical AI Group