ByteDance Plans $14 Billion Nvidia Chip Investment for 2026
ByteDance to increase AI chip spending to 100 billion yuan ($14 billion) in 2026, up from $85 billion yuan in 2025, while developing its own processors to reduce costs.
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Nvidia in Advanced Talks to Acquire Israeli AI Startup AI21 Labs for $2-3B
Nvidia is reportedly negotiating to buy AI21 Labs for up to $3 billion, primarily for its 200-strong AI talent pool, marking another major Israeli tech acquisition.
ON24 to Be Acquired by Cvent for $400 Million in All-Cash Deal
ON24, a B2B engagement platform, will be acquired by events technology provider Cvent for approximately $400 million, with shareholders receiving $8.10 per share in cash.
China Mandates 50% Domestic Chip Equipment to Build Self-Sufficient Semiconductor Industry
China requires chipmakers to use at least 50% locally-made equipment when expanding capacity, accelerating efforts to reduce foreign tech dependence amid U.S. export restrictions.
Meta Acquires AI Startup Manus for Over $2 Billion in Major Cross-Pacific Deal
Meta buys Singapore-based AI startup Manus for $2B+ in rare acquisition of Asian AI company. Deal brings profitable AI agents to Facebook, Instagram, and WhatsApp despite Chinese founder concerns.
Nvidia Strikes $20B Deal with Groq: A Strategic Push Into AI Inference Market
Nvidia agrees to $20B licensing deal with AI chip startup Groq, hiring its CEO and expanding inference capabilities. Analysts maintain Outperform ratings as the chipmaker strengthens its AI dominance.