AI & Robotics

The AI chip boom just produced its biggest Wall Street moment yet. SK Hynix, a South Korean memory chip giant, said Friday it has raised $26.5 billion (KRW 40 trillion) in its U.S. market debut. SK Hynix sold 177.9 million American depositary shares (ADRs) at $149 each, structured so U.S. investors can buy in at roughly a tenth of what a full share costs in Seoul. This deal, the largest-ever U.S.

Nandan Nilekani, co-founder of Indian IT services giant Infosys, will no longer serve as a general partner at Fundamentum Partnership, the venture capital firm he co-founded nearly a decade ago. Nilekani (pictured above) will be stepping down from his role as Fundamentum launches its third fund, targeting to raise about $200 million. He will be the fund’s anchor investor, and continue advising…

The days of Nvidia’s unparalleled market dominance aren’t over, but challengers and choices are arising from all directions. ZML, a hot French AI startup endorsed by Turing Award winner Yann LeCun, has released inference-performance software that allows a variety of open source large language models to run on a variety of chips – including Nvidia’s, AMD’s, Google’s TPU, Apple Metal…

Brothers Patrick and Ryan Coughlin, each with impressive careers in the tech industry (Patrick worked in national cyber defense, and at Splunk and Cisco; and Ryan with consumer products at Apple and Spotify), have launched a new kind of security startup. Savi Security seeks to protect everyday folks from the new crop of incredibly convincing AI-generated scams, whether they’re routed via text…