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Nvidia partner ChipAgents raises $60 million to accelerate chip design with AI agents
Reuters18d agoneutral
Nvidia partner ChipAgents raises $60 million to accelerate chip design with AI agents

Chip design startup ChipAgents expanded its Series A financing with ‌a $60 million infusion to further fund its plans to ‌speed up semiconductor design through the use of AI agents, its chief executive said. ChipAgents ​builds software that harnesses so-called AI agents - programs capable of making decisions and executing complex tasks with little or no human oversight - to make the complex, lengthy process of chip design faster and more ‌automated. ChipAgents sees the largest speedup in ​design with the company's ‌software that is designed to help verify a chip will function as intended, CEO William Wang told Reuters in an interview.

SK Hynix Shares Slide Despite Record Profit as Results Miss Lofty Expectations
InvestorsHub18d agobearish
SK Hynix Shares Slide Despite Record Profit as Results Miss Lofty Expectations

SK Hynix (NASDAQ:SKHY) reported record quarterly earnings on Wednesday, but its shares tumbled nearly 10% after the results fell short of elevated market expectations, fuelling concerns that spending on artificial intelligence infrastructure by major technology companies could begin to slow. The South Korean memory chip maker, a key supplier to Nvidia, is also pursuing more long-term supply agreements as it looks to reduce exposure to the semiconductor industry’s cyclical demand swings.

Anthropic's lonely island
Axios18d agoneutral
Anthropic's lonely island

Anthropic spent this winter and spring as the darling of America's AI boom, conquering the frontier while casting itself as the industry's moral conscience.