20 national security experts urge Trump administration to restrict Nvidia H20 sales to China
The letter states that allowing sales of the H20 AI chip to China could hurt the U.S.’s AI “edge” and further chip bottlenecks in the U.S.
Enterprise
Astronomer winks at viral notoriety with ‘temporary spokesperson’ Gwyneth Paltrow
After spending the past week-plus in the headlines due to a seemingly inescapable social media scandal, data operations startup Astronomer is trying to shift the narrative with a tongue-in-cheek video starring actress and entrepreneur Gwyneth Paltrow.
Intel is spinning off its Network and Edge group
Intel will remain an anchor investor in the stand-alone company, which produced $5.8 billion in revenue in 2024.
A timeline of the US semiconductor market in 2025
From leadership changes at legacy semiconductor companies to wishy washy policy around chip exports, a lot has happened already.
Intel continues to pull back on its manufacturing projects
Intel cancelled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.
Google’s AI Overviews have 2B monthly users, AI Mode 100M in the US and India
Google shared new stats about its AI features’ adoption during its Q2 earnings.
Trump’s AI Action Plan aims to block chip exports to China but lacks key details
The AI Action Plan offers a path, but not a concrete plan, for what the administration is thinking when it comes to chip export restrictions.
Gupshup raises $60M in equity and debt, leaves unicorn status hanging
Gupshup has raised over $60 million in a new round over four years after attaining the unicorn status.
OpenAI agreed to pay Oracle $30B a year for data center services
OpenAI was the customer that signed the huge deal that Oracle disclosed last month.
Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow
Figma looks to offer more than 36 million shares with an expected price range between $25 and $28 a share.