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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Trump says Intel CEO Lip-Bu Tan must ‘resign immediately’

Amid increasing tension with China, US President Donald Trump on Thursday insisted that Intel’s CEO, Lip-Bo Tan, should step below, which has been accused of struggle for interests. “Intel’s CEOs are highly conflicting and they should resign immediately. There is no other solution to this problem. Thank you for paying attention to this problem!” Tusrap…

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