#Compute
8 stories · 2 issues · daily Compute news timeline
#Compute timeline · newest first
Mon, Oct 12
Nvidia in talks to acquire or invest more in open-weight model maker Reflection AI, moving the chipmaker further into models
The better open models get, the more companies want to buy chips and run them in-house, which gives a chip seller reason to nurture models itself.
Anthropic's CEO asked Meta for compute and was turned down, as the shortage pushes rivals to ask each other for help
After a model company raises the money, someone still has to be willing to give up ready compute, and those who have it are often its competitors.
ByteDance spin-off Anew Labs raises $290 million in an angel round at a first-round valuation of RMB 10 billion
When an internet company goes into AI drug discovery, compute and algorithms are the advantages it brings; whether it produces a drug depends on rebuilding a team by the rules of life sciences.
Sat, Oct 10
Nvidia-backed Firmus withdraws its roughly $5 billion Australian IPO and turns to private markets
Compute companies have grown more expensive with every private round, and only at the door of the public market did they first meet buyers unwilling to pay the asking price.
Flex brings in a $2 billion preferred investment for Axiom ahead of its spin-off, setting enterprise value at $37.5 billion
The hardware that powers and cools data centers is being priced and listed on its own, as capital values AI infrastructure layer by layer beyond the chip.
Manus closes a round of more than $500 million at a reported $4 billion post-money valuation, twice its previous price
An application company's valuation doubled after an acquisition that did not close; investors no longer need a big-tech buyer to anchor the price of the agent layer.
Quantum computing company Oratomic raises a $475 million Series B, lifting its valuation from $1.5 billion to $5.5 billion in three months
Quantum fundraising is starting to move at the pace of AI model companies, but without revenue to verify it, the valuation rests on an engineering hypothesis that has yet to be proven.
Data center rack maker Oxide Computer raises a $445 million Series D, with demand still outrunning a 20x capacity expansion
With compute tight and data required to stay on site, the business of buying the cloud and taking it home is growing again, and manufacturing capacity is now its biggest constraint.