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Chipmaker Astera Labs reveals smaller annual loss in US IPO filing, ET Telecom

Chipmaker: Social media firm Reddit, cloud-security company Rubrik and software firm ServiceTitan are also expected to go public this year. Astera and its existing investors, that include private equity firm Sutter Hill Ventures and Fidelity Management and Research, will be selling shares in the offering. ....

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Chipmaker: Nearly all wealth gained by the world's rich this year comes from AI, ET Telecom

Chipmaker: Among the 500 wealthiest individuals, 30 attribute at least some of their fortune to companies that are tracked by the Bloomberg Global Artificial Intelligence Index. Those holdings have boosted their net worth by a combined $124 billion so far this year, accounting for 96% of the total wealth gained on the Bloomberg Billionaires Index. ....

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market value: Nearly all wealth gained by the world's rich this year comes from AI

Among the 500 wealthiest individuals, 30 attribute at least some of their fortune to companies that are tracked by the Bloomberg Global Artificial Intelligence Index. Those holdings have boosted their net worth by a combined $124 billion so far this year, accounting for 96% of the total wealth gained on the Bloomberg Billionaires Index. ....

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Japan chipmaker Renesas to buy software firm Altium for USD 5.9 bn, ET Auto

Chipmaker: The acquisition places Renesas at the forefront of dealmaking and investment in Japan s chips industry, with the government making efforts to improve competitiveness and boost supply chain resilience against geopolitical shocks. ....

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AI stocks rally after Nvidia reveals stake, SoundHound rockets 50%, Guardforce up 11%

The rally showed Nvidia s growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable US company ....

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