Marvell Technology issued Google warrants to buy 58.97 million shares at $206.58 each, tied to a chip partnership covering AI inference accelerators and networking components that could yield $120 billion through 2033.
Category: Tech
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Nevada Clears 8,000 Robotaxis for Tesla, Waymo and Uber in Las Vegas
Nevada’s transportation authority voted unanimously on August 20 to allow Tesla, Waymo and Uber to deploy up to 8,000 fully driverless robotaxis across Clark County over the next twelve months.
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EU Delays High-Risk AI Compliance to December 2027 Under Digital Omnibus
The EU’s Digital Omnibus package, which entered into force July 27, pushed high-risk AI compliance obligations from August 2, 2026 to December 2, 2027, while transparency rules remained on the original schedule.
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Unitree Robotics Surges 460% in Shanghai Debut After $904 Million IPO
Chinese humanoid robot maker Unitree Robotics soared 460% in its Shanghai STAR Market debut on August 19, valuing the company at roughly $50 billion after a record-breaking IPO.
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Nvidia Guarantees $105 Billion for OpenAI’s 8-Gigawatt Ohio Data Centre
Nvidia guaranteed $105 billion for OpenAI’s Ohio data centre campus on Monday, finalising a deal that came in $145 billion below early public estimates.
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Stripe Pays Over $7 Billion for OpenRouter, Betting AI Model Routing Becomes Core Infrastructure
Stripe finalised a deal to acquire OpenRouter for more than $7 billion on August 16-17, a 5.4x jump over the AI gateway startup’s May 2026 Series B valuation of $1.3 billion.
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US Treasury Threatens Sanctions Over Chinese AI Model Distillation Attacks
Treasury Secretary Bessent warned Chinese AI firms that large-scale distillation attacks on US models could now trigger sanctions and Entity List designations.
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Anthropic Signs a $9.1 Billion, 20-Year Data Center Deal with Riot Platforms
Anthropic has secured 191 megawatts of computing capacity from Riot Platforms’ Texas campus under a 20-year lease worth $9.1 billion, as the AI lab races to close a persistent compute gap.
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Apple Wins Beijing’s Clearance to Deploy Its Own AI Model in China
Apple has trained a China-specific large language model alongside Alibaba and received regulatory approval from Beijing — making it the first foreign company authorised to deploy proprietary AI on iPhones in mainland China.
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Google Gemini Crosses One Billion Monthly Users
Sundar Pichai announced on August 11 that the Gemini app has passed one billion monthly active users, making it the fastest-growing product in Google’s 28-year history.