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Sources: in the event that China invades Taiwan, ASML and TSMC have ways to disable their sophisticated chipmaking machines; ASML reassured Dutch officials (Bloomberg) 21-05-2024

Bloomberg: Sources: in the event that China invades Taiwan, ASML and TSMC have ways to disable their sophisticated chipmaking machines; ASML reassured Dutch officials  —  – Firms can remotely shut off advanced EUV chip-making machines  — US officials concerned over risk of conflict to chip industry Lees verder op Tech Meme

AI data labeling startup Scale AI raised $1B led by Accel at a ~$14B valuation, up from $7.3B in April 2021; a source says Scale AI had ~$700M in 2023 revenue (Financial Times) 21-05-2024

Financial Times: AI data labeling startup Scale AI raised $1B led by Accel at a ~$14B valuation, up from $7.3B in April 2021; a source says Scale AI had ~$700M in 2023 revenue  —  Alexandr Wang’s company brings in $1bn in latest fundraising round as investors bet that data is the new oil Lees verder op Tech Meme

Alibaba slashes prices for its AI services by up to 97%, leading Baidu to offer free Ernie AI-based services; ByteDance priced its services cheaply last week (Bloomberg) 21-05-2024

Bloomberg: Alibaba slashes prices for its AI services by up to 97%, leading Baidu to offer free Ernie AI-based services; ByteDance priced its services cheaply last week  —  – Baidu follows suit with free services after Alibaba cuts  — Chinese AI players trying to ramp up users for the long run Lees verder op Tech Meme

European research labs led by Belgium-based imec will receive €2.5B in funding under European Chips Act to set up a pilot line to develop and test sub-2nm chips (Toby Sterling/Reuters) 21-05-2024

Toby Sterling / Reuters: European research labs led by Belgium-based imec will receive €2.5B in funding under European Chips Act to set up a pilot line to develop and test sub-2nm chips  —  Leading European research labs will receive 2.5 billion euros ($2.72 billion) in funding under the European Chips Act … Lees verder op Tech Meme

Google plans to spend ~€1B to expand its data center in Finland, and will reuse heat from the data center to warm nearby homes, schools, and public buildings (Justine Calma/The Verge) 21-05-2024

Justine Calma / The Verge: Google plans to spend ~€1B to expand its data center in Finland, and will reuse heat from the data center to warm nearby homes, schools, and public buildings  —  Google’s data centers are expanding to support its AI ambitions, and a new project in Finland shows one way the company … Lees verder op Tech Meme

SEC filing: Chicago-based Tempus, which uses AI to process medical data, files for an IPO, reporting a $266M net loss on $532M revenue in 2023 and 2,300 staff (Bailey Lipschultz/Bloomberg) 21-05-2024

Bailey Lipschultz / Bloomberg: SEC filing: Chicago-based Tempus, which uses AI to process medical data, files for an IPO, reporting a $266M net loss on $532M revenue in 2023 and 2,300 staff  —  The company said in its filing Monday with the US Securities and Exchange Commission that it’s creating “intelligent diagnostics” for precision medicine. Lees verder op Tech Meme

London-based Vitesse, which offers a treasury and payment platform for insurance companies, raised a $93M Series C led by KKR, after a $26M Series B in 2022 (Paul Sawers/TechCrunch) 21-05-2024

Paul Sawers / TechCrunch: London-based Vitesse, which offers a treasury and payment platform for insurance companies, raised a $93M Series C led by KKR, after a $26M Series B in 2022  —  U.K. fintech Vitesse has closed a $93 million Series C round of funding led by investment giant KKR. Lees verder op Tech Meme