Topic: customer orders
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AI chip startup Etched hits $10.3B valuation with top investor backing
Etched, an AI chip startup founded by three Harvard dropouts in 2022, has raised a $300 million Series C led by Sequoia, boosting its valuation to $10.3 billion after being valued at $5 billion just seven months ago. The company specializes in chips for transformer-based AI models and has secured...
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Nvidia Demands Upfront Payment for H200 AI Chips in China
Nvidia now requires Chinese customers to pay the full cost upfront for its H200 AI chips, with no refunds or cancellations, marking a stricter sales policy. The policy is a response to geopolitical risks, as final U.S. and Chinese regulatory approvals are pending, with China expected to impose st...
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X-energy Secures $700M to Advance Nuclear Energy
X-energy secured $700 million in Series D funding, bringing its total funding to $1.8 billion and highlighting strong investor confidence in advanced nuclear technologies. The funding will accelerate the development of its small modular reactor supply chain, with a robust order book for 144 units...
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Harbinger Secures $160M to Build FedEx Electric Trucks
Harbinger secured $160 million in Series C funding, co-led by FedEx, to boost production of its medium-duty electric truck chassis, with FedEx ordering 53 units for delivery this year. The company focuses on a streamlined approach to developing robust truck chassis, targeting a market segment lar...
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