Paige McNamee

California-based AI chip startup d-Matrix has gained a USD2 billion ($3.06 billion) valuation in its USD275 million Series C funding round.

Head of Tesla’s cybertruck program, Siddhant Awasthi, is leaving the company as the company struggles with consistent sales.

Google is planning to building an artificial intelligence data centre on Christmas Island after signing a deal with Australia’s Department of Defence earlier this year, according to documents seen by Reuters.

Elon Musk’s SpaceX, which owns the Starlink satellite network, will acquire EchoStar’s unpaired AWS-3 licences for USD2.6 billion ($4 billion) in stock, adding to an agreement the two companies struck in September.

Microsoft will spend over USD7.9 billion ($12.08 billion) on data centres, cloud-computing and employees in the United Arab Emirates over the next four years and will ship the latest Nvidia chips to the Gulf country for the first time.

OpenAI and PayPal have inked a deal to embed the payments giant’s digital wallet into ChatGPT so that users can pay for items found through the AI tool.

OpenAI has completed its recapitalisation, bolstering its structure as a nonprofit with a controlling stake in its for-profit business and pushing its largest external shareholder, Microsoft, to a USD4 trillion ($6.1 trillion) market capitalisation.

The news: Qualcomm announced the launch of two AI chips for data centres as it pushes to diversify beyond smartphones while expanding into the ultra-competitive AI infrastructure markets.

Crypto broker FalconX has agreed to acquire 21shares, the provider of the world’s largest suite of cryptocurrency exchange-traded funds and products (ETFs/ETPs) as a more welcoming US regulatory climate spurs deals across digital assets.

Goldman Sachs posted record revenue for the third-quarter, notching the group’s largest Q3 haul in the bank’s history, and its third highest overall for all quarters.