One of modern AI’s most influential researchers is now at the center of AMD’s $8 billion bet on physical AI. AMD said Monday it had agreed to acquire World Labs, a San Francisco startup cofounded in 2024 by Stanford professor Fei-Fei Li, in an all-stock deal valued at roughly $8.2 billion. World Labs is building
The US Navy’s plan to repair its public shipyards is expected to cost billions more and take decades longer than originally planned, according to a new government watchdog report. The Shipyard Infrastructure Optimization Program is intended to fix poor conditions at the Navy’s four public shipyards, which maintain the fleet’s nuclear-powered submarines and aircraft carriers.
Hi, it’s Preston Fore, in for Allie. Earlier this month, defense tech firm Mach Industries raised $600 million in a Series C extension at a $3.7 billion valuation. That’s more than double the $1.8 billion valuation Mach reached just three months earlier when it raised its initial $300 million Series C led by Ribbit Capital,
Haptics tech company Taction sued Apple in 2021, alleging it infringed two of its patents. Now a federal jury in San Diego has awarded Taction over $5.7 billion in damages. According to CNBC, “The lawsuit centered around U.S. Patent Nos. 10,659,885 and 10,820,117, which both involve vibration-based, tactile transducer technology that helps users feel a
Welcome to Eye on AI. Beatrice Nolan here. In today’s issue: Another day, another billion-dollar IPO. This time it’s Nscale, the Nvidia-backed “neocloud” that filed for a New York listing last week at a valuation of up to $35 billion, according to the Financial Times. Nscale is a two-year-old neocloud—a type of company that builds
During Sundar Pichai’s two-decade career with Google, he’s worked on many of the company’s major products including Google Chrome, Gmail, Google Maps, and Chromebook. In 2019, he became CEO of Alphabet, which currently has a market cap of more than $4 trillion, and its subsidiary Google. His current net worth is estimated at about $1.6
