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Tether spent ~$420M on 10K Nvidia H100 GPUs and a 20% stake in Frankfurt-based bitcoin miner Northern Data, which plans to rent the chips to AI startups (Iain Martin/Forbes) 22-09-2023

Iain Martin / Forbes: Tether spent ~$420M on 10K Nvidia H100 GPUs and a 20% stake in Frankfurt-based bitcoin miner Northern Data, which plans to rent the chips to AI startups  —  A $40,000 computer chip has become one of the hottest commodities in the tech industry.  Startups are scrambling to buy up Nvidia’s H100 … Lees verder op Tech Meme

Source: Vietnam-based internet company VNG postpones its US IPO, planned for September 2023, until 2024, after mixed performances by Arm, Instacart, and Klaviyo (Bloomberg) 22-09-2023

Bloomberg: Source: Vietnam-based internet company VNG postpones its US IPO, planned for September 2023, until 2024, after mixed performances by Arm, Instacart, and Klaviyo  —  Vietnam-based internet startup VNG Ltd. has decided to postpone its plans for a US initial public offering, according to a person familiar with the matter. Lees verder op Tech Meme

Google veteran Luiz André Barroso, who overturned many data center design conventions and conceived “the data center as a computer”, died on September 16 at 59 (Paresh Dave/Wired) 22-09-2023

Paresh Dave / Wired: Google veteran Luiz André Barroso, who overturned many data center design conventions and conceived “the data center as a computer”, died on September 16 at 59  —  Brazilian engineer Luiz André Barroso, who ripped up the rulebook at Google, has died. Lees verder op Tech Meme

CLSA: China has 130+ LLMs, or 40% of the global total and behind the US' 50% share; experts say most have yet to find viable business models and are too similar (Josh Ye/Reuters) 22-09-2023

Josh Ye / Reuters: CLSA: China has 130+ LLMs, or 40% of the global total and behind the US’ 50% share; experts say most have yet to find viable business models and are too similar  —  China’s craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants … Lees verder op Tech Meme

The UK says it's moving forward with the US data bridge deal, which would let UK citizens' data be exported to the US under protections in line with the UK GDPR (Natasha Lomas/TechCrunch) 22-09-2023

Natasha Lomas / TechCrunch: The UK says it’s moving forward with the US data bridge deal, which would let UK citizens’ data be exported to the US under protections in line with the UK GDPR  —  The UK government has officially confirmed it will piggyback on a transatlantic data transfer deal between the European Union … Lees verder op Tech Meme

EU antitrust regulators fine Intel €376.36M for “a previously established abuse of dominant position” after an EU court overturned a €1.06B fine in January 2022 (Stephanie Bodoni/Bloomberg) 22-09-2023

Stephanie Bodoni / Bloomberg: EU antitrust regulators fine Intel €376.36M for “a previously established abuse of dominant position” after an EU court overturned a €1.06B fine in January 2022  —  – Fine follows ruling by court upholding part of EU’s case  — EU initially fined Intel a then-record penalty in 2009 Lees verder op Tech Meme

Sources: Alibaba's logistics arm Cainiao plans to file for its Hong Kong IPO as soon as next week, aiming to raise $1B+; Alibaba co-founded Cainiao in 2013 (Pei Li/Bloomberg) 22-09-2023

Pei Li / Bloomberg: Sources: Alibaba’s logistics arm Cainiao plans to file for its Hong Kong IPO as soon as next week, aiming to raise $1B+; Alibaba co-founded Cainiao in 2013  —  – The logistics unit could be among the first to go public  — Citic and JPMorgan earlier replaced CICC in arranging the IPO Lees verder op Tech Meme

The US issues final rules to stop Chips Act subsidies from going to countries of concern, like China, such as limiting foreign chip fab expansions for 10 years (David Shepardson/Reuters) 22-09-2023

David Shepardson / Reuters: The US issues final rules to stop Chips Act subsidies from going to countries of concern, like China, such as limiting foreign chip fab expansions for 10 years  —  The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used … Lees verder op Tech Meme