Daily brief
Qualcomm has agreed to acquire AI software startup Modular for nearly $4 billion in a stock deal, part of its push to strengthen artificial intelligence capabilities. Separately, Qualcomm is also in talks to provide custom chip-design services to ByteDance.
OpenAI and Broadcom unveiled a custom AI server chip called Jalapeño, designed to run AI models faster and more cheaply.
SK Hynix is planning a $29 billion U.S. stock listing to raise funds for expanding AI-related chip production.
Trump called for a probe into gasoline price 'gouging' and said the Justice Department is looking into gasoline prices.
A Chinese supercomputer powered by homegrown chips topped US models in the global ranking, becoming the world's fastest for the first time since 2017.