Two of the country’s prominent fabless AI chip startups, Rebellions and Sapeon, have agreed to merge, the companies said on Wednesday.
The merger is a strategic move by Rebellions and Sapeon aimed at leading the fabless AI chip market in South Korea to take on global rivals like Nvidia.
Indeed, the deal comes at a pivotal moment in the global chip industry.
Meanwhile, KT in 2023 incorporated Atom, Rebellions’ datacenter-focused AI chip, into its cloud-based NPU infrastructure.
Last November, the company launched a 7-nanometer AI chip, X330 NPU, for autonomous vehicles, and earlier this year, it said it would develop an on-device AI chip targeting the edge computing market.
The organization also secured more than $90 million from other donors to support its research efforts.
This is when disagreements started between Musk and other co-founders of Tesla, OpenAI wrote in the blog post, which includes five email exchanges between Musk and OpenAI executives.
“As we discussed a for-profit structure in order to further the mission, Elon wanted us to merge with Tesla or he wanted full control.
Elon left OpenAI, saying there needed to be a relevant competitor to Google/DeepMind and that he was going to do it himself.
As Ilya told Elon: ‘As we get closer to building AI, it will make sense to start being less open.
Berlin’s Razor Group has acquired U.S.-based Perch, and on top of this it has raised just over $100 million led by Presight Capital with other undisclosed investors participating.
The news is the latest development in a wider consolidation and reordering taking place in the world of e-commerce aggregation.
Perch, we have heard from multiple sources, had been looking for a buyer for the better part of a year.
Perch and Razor do happen to have some investors in common, such as Victory Park Capital, which may well have been central to the negotiations between the two.
He claims that this deal solidifies Razor as the “market leader”, and that it is on track for $1 billion in revenues in the next four to eight quarters.
Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the South Asian market.
Reliance will control and own 16.34% of the joint venture, which it has valued at $8.5 billion.
Reliance, which is India’s most valuable firm, said it sees an opportunity to expand and streamline its presence in the Indian fast-growing market by merging its media assets with Disney India.
Reliance, which owns more than 60% in Viacom18, plans to invest $1.4 billion into the joint venture for its growth strategy.
The “strategic” merger of Reliance and Disney India also unites two leading Indian streamers, JioCinema and Disney+Hotstar.
OhmConnect is currently active in California, Texas, and New York, and the new company, Renew Home, plans to expand into new markets once launched, the spokesperson added.
Sidewalk Infrastructure Partners itself was once a part of Sidewalk Labs.
Sidewalk Labs got its start originally as a Google moonshot in 2015 with the lofty goal of using tech to improve urban life.
SIP was eventually spun out of Sidewalk Labs in 2020 fuelled with a $400 million investment from Google.
Nest Renew has been one of OhmConnect’s customers, alongside Sensi, ecobee, Carrier and others.
