Sources: Revolut scrapped plans to buy a US lender and will instead apply for a US banking license, betting Trump's lighter touch on approvals will be faster
UK-headquartered fintech had hoped to secure a banking charter through buying an American lender — Stephen Morris in Davos and Laith Al-Khalaf in London
UK satellite company Open Cosmos wins a highly contested Ka-band spectrum license, used for high-speed consumer internet, beating Peter Thiel-backed companies
Nvidia agrees to a licensing deal with Groq; CEO Jonathan Ross and other top executives will join Nvidia; Groq says it will continue operating independently
anybody who knows anything about AI chips knows groq's first gen chips aren't competitive but maybe their upcoming chips might have been able to threaten nvidia? @josephjacks_ : Overly simplistic take...
Sources: Nvidia's licensing deal with Groq, which has raised ~$1.8B, includes payouts to Groq's key execs and investors, including BlackRock and Tiger Global
Nvidia stunned Silicon Valley on Wednesday by agreeing to pay about $20 billion to license technology from Groq …
Sources: Nvidia's licensing deal with Groq, which has raised ~$1.8B, includes payouts to Groq's key execs and investors, including BlackRock and Tiger Global
Nvidia stunned Silicon Valley on Wednesday by agreeing to pay about $20 billion to license technology from Groq …
Sources: Disney's Sora deal is entirely in OpenAI stock warrants rather than a cash licensing fee; Disney has the option to buy more shares beyond its $1B stake
I'd give anything to go back to that. Instead, Disney's gonna throw itself on the fire. [embedded post] Dan Wade / @dwade : Deal makes far more sense now. If OpenAI succeeds, Disney reaps the rewar...
Sources: Nvidia spent $900M+ in cash and stock to hire Enfabrica CEO Rochan Sankar and others at the AI hardware startup and to license its GPU-connecting tech
Nvidia has just shelled out over $900 million to hire Enfabrica CEO Rochan Sankar and other employees at the artificial intelligence …
Sources: Revolut considers buying a US bank to get an American banking license to expand lending capabilities, a faster route than applying for its own permit
Acquisition would be faster route for fintech to start lending in US than applying for permit of its own
Sources: Google is paying $2.4B for a nonexclusive license to certain Windsurf tech and hire some of its employees, but won't be taking a stake in the company
Google is hiring Windsurf Chief Executive Officer Varun Mohan and co-founder Douglas Chen, along with a small group of staffers …
Walmart's Flipkart secures a lending license from the RBI, letting the e-commerce company offer loans directly to Indian customers and sellers on its platform
Walmart's (WMT.N) Flipkart has secured a lending licence from the Indian central bank and banking regulator …