All posts tagged: Million

Why the first GPU financiers are turning to inference chips in a 0 million deal

Why the first GPU financiers are turning to inference chips in a $400 million deal

Published by skeptic

General Compute, an AI inference cloud startup, has landed a $400 million loan from Upper90, a tech investment firm. It might be the first deal to put up inference-specific chips as collateral — chips built to run already trained AI models quickly and efficiently, rather than the more expensive chips used to build the models in the first place. The financing is the latest signal that markets are responding to concerns over the price of AI tools and tokens by turning to infrastructure that runs open source models more cheaply than the newest LLMs from frontier labs. Founded by CEO Finn Puklowski, General Compute raised a $15 million seed round in May to build an inference neocloud around silicon from SambaNova, an Intel-backed chipmaker. (Neoclouds are purpose-built for AI workloads, unlike the general-purpose infrastructure offered by traditional hyperscalers like AWS or Azure.) The company’s SN50 chips are designed for inference. They’re power-efficient and don’t require expensive water-cooling systems, which means they can be deployed more quickly than GPUs across a larger variety of data centers. …

Chase Burns Agrees to 5 Million, 7-Year Deal With Reds for 2027-33, AP Sources Say

Chase Burns Agrees to $105 Million, 7-Year Deal With Reds for 2027-33, AP Sources Say

Published by Sam Flores

Pitcher Chase Burns has agreed to a $105 million, seven-year contract with the Cincinnati Reds that covers 2027-33, two people familiar with the deal told the Associated Press on Thursday. The people spoke to the AP on condition of anonymity because the deal had not been announced. Burns has a $785,000 salary while in the major leagues this year and $198,173 in the unlikely event he is sent to the minors. Burns’ deal would run through the 2033 season and under the current labor contract covers three seasons of arbitration eligibility and the first two years after he would have been eligible for free agency. It does not include options or deferrals. The 23-year old right-hander was selected to the All-Star Game this season for the first time, but did not participate after he tweaked his right groin during a July 8 game against Philadelphia when trying to field the throw home on a wild pitch during the second inning. Burns is 11-1 in 18 starts this season, including 15 starts where he has allowed …

“Asymmetric Warfare Boom” Accelerates As US Army Awards Neros 0 Million For FPV Attack Drones

“Asymmetric Warfare Boom” Accelerates As US Army Awards Neros $500 Million For FPV Attack Drones

Published by Jenni Sidey

Defense startup Neros has secured a US Army contract valued at up to $500 million to supply the military with Ukraine-style, low-cost attack drones, reinforcing our view that the “Asymmetric Warfare Boom” is now underway. As we have told readers, the Department of War’s massive push to procure inexpensive, attritable autonomous systems, ranging from loitering munitions and ground robots to drone boats, will create a procurement supercycle and investable opportunities across both public markets and privately held defense companies. The Wall Street Journal first reported the Neros contract, offering more color on the deal: Now Neros has secured a contract with the Defense Department valued at up to $500 million to supply its drones to the Army, the company said. The contract underscores the Army’s push to become a more modern and leaner force by increasing its drone purchases from around 50,000 a year to at least 1 million within around the next two years, Army officials have said. Neros’s contract comes by way of an Army program designed to provide infantry with first-person-view drones. …

This CEO Spent the Equivalent of Million on an AI Agent to Run His Life

This CEO Spent the Equivalent of $4 Million on an AI Agent to Run His Life

Published by Sam Flores

The founder, who has mystified doctors by running on only about two hours of rest per night, built multiple companies, including messaging service onebox.com, which was acquired by phone.com for $850 million in 2000, and Lala, a music-streaming site bought by Apple for a reported $80 million in 2009. Over the last few years, as AI coding tools improved, Nguyen realized that anyone with a Claude Code account could’ve built “every single company I created in a weekend.” “What I did in Silicon Valley will not be special in 5, 10 years,” he said. “Everyone can do it.” Inspired to build his own AI company, he linked up, in 2025, with his son Jacob Nguyen, 22, who attended Georgia Tech with fellow founders McChesney and Drake Kelly. They also brought on Kuch, a longtime colleague of Nguyen’s who had run Lala’s communications. The team camped out in an Atlanta apartment, building an AI tool that they hoped would be more intuitive than a chatbot interface. The result was Olive, an AI model trained on transcripts …

From Extreme Heat to Half a Million Folds: A Rare Look Inside Samsung’s Display Lab

From Extreme Heat to Half a Million Folds: A Rare Look Inside Samsung’s Display Lab

Published by skeptic

In a secluded room deep within Samsung Display’s headquarters in South Korea, rows of whirring gray and black machines repeatedly fold, flex and stress test the company’s newest mobile displays. During a mid-June visit, I was among the first people outside the company to step inside the high-security lab and see how Samsung pushes its foldable screens to their limits before they reach consumers. On Tuesday, Samsung unveiled Flex Titanium, a new display technology for its upcoming Galaxy foldable phones including the Z Fold 8. It combines a titanium-alloy film with a titanium plate to create a thinner, more durable display structure designed to better withstand drops and other impacts — an important consideration for foldable phones that can cost thousands of dollars.   This story is part of Samsung Event, CNET’s collection of news, tips and advice around Samsung’s most popular products. Samsung Display designs and manufactures screens for Samsung Electronics as well as competitors including Apple, and has become one of the industry’s leading developers of flexible and advanced display technology. Beyond commercial products, …

Elon Musk likely broke the law by giving voters million, Wisconsin board says

Elon Musk likely broke the law by giving voters $1 million, Wisconsin board says

Published by Sam Flores

Billionaire businessman Elon Musk gives $1,000,000 to a Wisconsin voter, Ekaterina Diestler, during a town hall meeting he was hosting at the KI Convention Center on March 30, 2025 in Green Bay, Wisconsin. Scott Olson | Getty Images Billionaire Elon Musk likely broke Wisconsin law when he handed out $1 million checks to voters in the 2025 state Supreme Court election, a bipartisan panel has found. The Wisconsin Elections Commission last week referred two complaints to the Brown County district attorney’s office, which can choose to bring criminal charges over violating the state law against election bribery. Prosecutors have 40 days to report back to the commission. Musk, the founder of SpaceX and CEO of Tesla, was deeply involved in the effort to flip majority control of the highest court in battleground Wisconsin. The tech titan and groups he supported spent at least $20 million on the candidate backed by Republicans, Brad Schimel. However, he lost by 10 percentage points to Democratic-backed candidate Susan Crawford. A month after the lopsided loss, Musk announced that he would be spending far less on political campaigns. Spending on …

Christopher Nolan’s The Odyssey: Everything to Know About the 0 Million Blockbuster Filmed Almost Entirely Without Digital Effects

Christopher Nolan’s The Odyssey: Everything to Know About the $250 Million Blockbuster Filmed Almost Entirely Without Digital Effects

Published by Sam Flores

The gods are nowhere to be seen One of the most radical choices Nolan made was to not cast the majority of the gods of Olympus (with the exception of Zendaya as Athena). “I became more interested in the idea that to people in that period, evidence of gods was everywhere,” he explained to Time. For example, in Bronze Age Greece, thunder and rain had no scientific explanation, they were seen merely as the will of the immortals. In the film, we see these phenomena without ever seeing the gods themselves: the storm is Poseidon’s wrath, the wind filling the sails. The exception is Athena, who continues to appear to Odysseus. How It Was Filmed Ninety-one days of filming, wrapped up nine days ahead of schedule (Nolan has reportedly never gone over schedule or budget on any of his films). Six countries were involved: Morocco, Greece, Italy, Iceland, Scotland, and the United States. The Sicilian scenes were shot around the Castle of Santa Caterina; the siren sequence was set on Lipari. In Iceland, during the …

Fenerbahce sign Greenwood from Marseille for €39 million

Fenerbahce sign Greenwood from Marseille for €39 million

Published by Sam Flores

July 14 : Fenerbahce have signed English forward Mason Greenwood from Olympique de Marseille, the Turkish club announced on Tuesday, agreeing a €39 million ($44.5 million) deal for the 24-year-old. Fenerbahce confirmed an agreement was reached with both the player and the French club, with the transfer fee to be paid in three equal instalments over the next three years. The Istanbul-based side will also cover any solidarity payments arising under FIFA regulations. Greenwood joined Marseille from Manchester United in July 2024 on a five-year contract after ending his long association with the Premier League club. Fenerbahce will hope he will add firepower to their frontline as they chase a first Turkish top-flight title since 2014. The versatile forward bagged 37 league goals in 66 appearances over two seasons for the French side. ($1 = 0.8757 euros) Source link

Billionaire Ken Griffin Has Spent Million To Keep The Senate Red, But Snubs Trump’s Favorite Texan

Billionaire Ken Griffin Has Spent $40 Million To Keep The Senate Red, But Snubs Trump’s Favorite Texan

Published by Jenni Sidey

Ken Griffin has put roughly $40 million into Republican midterm efforts this year and could double that by November, according to the Wall Street Journal. The money runs through nearly every competitive Senate race in the country – except for one… Ken Paxton’s run for a seat in Texas, which won’t see a dime of it. According to the report, the Citadel founder has no plans to help the Texas Republican nominee – the candidate President Trump pushed onto the ballot by helping end John Cornyn’s Senate career. The Journal notes that donors rarely broadcast who they’re refusing to fund. When one does – a day before super PACs file their quarterly reports, and eight days before Senate Majority Leader John Thune headlines a Washington fundraiser for Paxton – it’s fair to assume other donors are meant to hear it. The refusal lands in the middle of an argument Republicans have been having since late May, sometimes privately and increasingly on the record: who pays for the candidates Trump forced on the party? The president’s own political action committee, …