Nvidia challenger AI chip startup MatX raised $500M

MatX, a chip startup founded by two former Google hardware engineers, has raised a $500 million Series B led by Jane Street and Situational Awareness, an investment fund formed by former OpenAI researcher Leopold Ashenbrenner. The company aims to make its processors 10 times better at training LLMs and delivering results compared to Nvidia’s GPUs….

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Lucid (LCID) Q4 2025 results

A Lucid Gravity coming off the line at the company’s factory in Casa Grande, Arizona. Lucid Group reported mixed fourth-quarter results Tuesday as the electric vehicle maker continues to face challenging market conditions and internal struggles. The company widely missed Wall Street’s quarterly earnings expectations, while beating average revenue estimates by roughly 12%. It also…

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World Cup host cities warn Congress over security concerns

Shweta SurendranFeb 24, 2026, 03:36 pm ET to close Swetha Surendran is a reporter in ESPN’s investigative and enterprise unit. multiple authors Local officials representing World Cup host cities warned Congress on Tuesday that security concerns, coordination problems and inadequate federal funding risk disaster with less than 100 days until the Games begin. The witnesses,…

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Uber engineers built an AI version of their boss

Consumers probably think of Uber as a ride-hailing and food delivery company. But in the eyes of CEO Dara Khosrowshahi, Uber actually has a massive code base with engineers who are “virtually the creators of the company.” In fact, Uber engineers have gone as far as replacing Khosrowshahi with a chatbot that will ask him…

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