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Gimlet raises $300M in round backed by Andreessen, Arm Holdings
Gimlet Labs, a developer of AI inference software, has raised $300 million in a new funding round led by Andreessen Horowitz and Arm Holdings, according to multiple reports. This brings the company’s total funding to $392 million, following an earlier $80 million Series A round led by Menlo…
AInvest Wire · 1d agoSaudi firm Humanin eyes $2.5 billion fund to build data centers
Humain, the artificial intelligence (AI) company established by Saudi Arabia’s Public Investment Fund (PIF), is advancing its infrastructure development with plans to build data centers supported by a $2.5 billion funding initiative. The firm recently broke ground on two facilities in Riyadh and…
AInvest Wire · 2d agoBroadcom: Weaker guidance raises concerns over the pace of Broadcom’s AI growth as custom-chip competition intensifies and investors compare its outlook with Nvidia’s stronger forecast.
Recent developments have sparked investor concerns regarding Broadcom’s AI growth trajectory, as the company provided weaker-than-expected guidance for the remainder of 2026. This has led to comparisons with Nvidia, which has maintained a stronger forecast amid intensifying competition in the…
AInvest Wire · 2d agoBroadcom CEO: We believe we will ship about $350 billion of AI semiconductors to these customers in the next two years
Broadcom CEO Hock Tan has outlined an ambitious growth trajectory for the company’s AI semiconductor business, stating that the firm expects to ship approximately $350 billion in AI semiconductors to key customers over the next two years. This projection is based on strong visibility into customer…
AInvest Wire · 3d agoTan: Have line of sight for OpenAI to deploy 5GW of chips in 28
OpenAI has indicated a clear line of sight to deploy 5 gigawatts (GW) of AI chips by 2028, according to recent statements and strategic developments. This projection aligns with the company’s ongoing efforts to scale its AI infrastructure to meet growing demand for advanced computing power.…
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