Qualcomm will acquire the Silicon Valley chip startup Modular for nearly $4 billion. The companies announced the acquisition on Wednesday; Qualcomm said it expects to issue up to 19.2 million shares of common stock in the deal, which works out to just under $4 billion based on the company’s last closing share price. The deal, … Read more
The UK government has laid out a $1.47 billion plan to shake its dependence on foreign-made artificial intelligence hardware. Under the measures, announced Monday, the UK will spend more than $1 billion on a national AI supercomputer. It will be stocked with $530 million worth of hardware, including $200 million that will go toward specialist … Read more
The humanoid robot of the future is a hulking specimen with a body that’s made in China and a brain that runs on American silicon. This week, Jensen Huang, the CEO of Nvidia, announced a blueprint for the bot, which combines a few different things: a 6-foot, 150-pound robot called H2 Plus from Unitree, a … Read more