Investors: Valor Equity Partners, Fidelity, Qatar Investment Authority
Elon Musk's AI research lab xAI announced a $20 billion Series E round.
Huawei pushes Ascend chips into Latin America, accelerates 950DT launch
Huawei is deploying its Ascend AI processors in Latin America while accelerating its next-gen 950DT chip to August, directly challenging Nvidia's regional dominance and U.S. export controls.
Pentagon deploys eight frontier AI firms to classified networks, cuts Anthropic out
The DoD announced May 1 deals with OpenAI, Google, Microsoft, AWS, NVIDIA, SpaceX, Oracle, and Reflection AI for classified network deployment, formally excluding Anthropic after the company refused unrestricted military use of Claude.
Meta and Broadcom Lock in 1GW Custom AI Silicon Through 2029
Meta and Broadcom announced a multi-year partnership on custom MTIA chips through 2029, committing to deploy 1 gigawatt initially with plans to scale to multiple gigawatts by 2027. The chips will be the industry's first 2nm AI accelerators, shifting the inference market away from Nvidia.
SpaceX Files for IPO: $1.75 Trillion Valuation, National Security Moat
SpaceX submitted a confidential IPO filing to the SEC on April 1, seeking a $1.75 trillion valuation and up to $75 billion in capital. The filing values a merged aerospace-AI enterprise built on military launch dominance and Starlink's near-10-million-user base.