100B

Financial Times: The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states Financial Times: The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — …

The first quarter of the year has been exciting, from GoDaddy’s integration with ENS for domain name linking to exciting airdrops like DYM, Starknet, and Pixel—the biggest in 2024 yet. March also started with a bang, with Bitcoin (BTC) hitting $68,000 earlier this week—a new all-time high (ATH) could be any minute from now. But there is more: Tether (USDT), the world’s largest stablecoin, unveiled an official recovery tool after reaching a $100 billion market cap. This tool will assist users in moving their…

SoftBank Group’s Masayoshi Son has made no secret of his intent to double down on red-hot artificial intelligence industry. Now, he’s fundraising for his next move in that strategy. According to a report in Bloomberg, the SoftBank founder is seeking $100 billion to build a new venture that would compete with the likes of Nvidia in the area of AI chips.   Code-named Izanagi, the new venture would collaborate with Arm, the chip design company that SoftBank spun out as a public company last year.…

Whale alert stipulated that Ripple’s XRP worth more than $147 billion was transferred to crypto exchanges, but these claims were questioned. Nevertheless, Borroe Finance ($ROE) and Hedera (HBAR) continue experiencing notable developments that are accelerating remarkable growth. >>BUY $ROE TOKENS NOW<< Borroe Finance’s Innovative NFT Minting Process Based on the significant potential presented by the Web3 sector, Borroe Finance ($ROE) intends to ride on this wave by onboarding more players through…

This is a special episode of the Electrek podcast in which we dive into Elon Musk’s comments from last night requesting a 25% stake in Tesla in order to advance AI at the company, which he himself described as an AI/robotics company. The Electrek podcast is generally live every Friday at 4 PM ET, but we are making a special episode today to discuss a strange situation. If you want a primer before the podcast, you can read my article from last night: Elon Musk complains about his smaller stake in…

Jing Yang / Wall Street Journal: Sources: Shein raised $2B at a $66B valuation, down from ~$100B in 2022, co-led by Sequoia, General Atlantic, and Mubadala; Shein generated $23B in 2022 revenue — Online retailer made $800 million net profit in 2022 and is targeting 40% growth, but faces geopolitical headwinds and rising competition Jing Yang / Wall Street Journal: Sources: Shein raised $2B at a $66B valuation, down from ~$100B in 2022, co-led by Sequoia, General Atlantic, and Mubadala; Shein…

Financial Times: Sources: Chinese online fast fashion retailer Shein has been valued at $65B to $85B in private markets in recent months, down from $100B+ in April 2022 — Fast-fashion retailer popular with Gen-Z shoppers has been valued at $65bn-$85bn in private markets — Chinese fast-fashion retailer Shein … Financial Times: Sources: Chinese online fast fashion retailer Shein has been valued at $65B to $85B in private markets in recent months, down from $100B+ in April…

Steve Lohr / New York Times: Micron plans to spend up to $100B over 20 years to build a chipmaking complex in upstate New York, helped by federal and state government incentives — The company is planning a giant complex in Clay, N.Y., a sign that the government's investments in semiconductors are steering firms' decisions. Steve Lohr / New York Times: Micron plans to spend up to $100B over 20 years to build a chipmaking complex in upstate New York, helped by federal and state government…

Turkish President Erdogan speaks with American entrepreneurs in New York, pitching for enhanced US-Türkiye trade ties, a day after addressing UN General Assembly. Turkish President Erdogan speaks during the 12th Turkiye Investment Conference in New York, calling for boosting trade ties with the US.…

Reuters: Yandex opens YaLM 100B to the public, claiming the AI research language model contains 100B parameters, “more than any GPT-like model available in open-source” — Russian technology company Yandex (YNDX.O) said on Thursday it had made a large language model for artificial … Reuters: Yandex opens YaLM 100B to the public, claiming the AI research language model contains 100B parameters, “more than any GPT-like model available in open-source” …