Viavi Solutions announced a public offering of 11.1 million shares at $45 each, aiming to raise about $500 million before fees. The proceeds will primarily repay $450 million of Term Loan B debt, with any remaining funds used for working capital or general corporate purposes. The offering is expected to close on May 21, 2026, and includes an option for underwriters to buy additional shares. This move helps Viavi reduce debt and strengthen its financial position for future operations.
Li Auto has integrated Arteris' FlexNoC 5 network-on-chip IP and Magillem software into its proprietary autonomous driving SoCs for the new L9 Livis SUV. This technology supports AI data movement and integration, enabling the vehicle to perform 2,560...
Arteris, Inc. announced its system IP technology is adopted by Li Auto for its new L9 Livis flagship SUV, integrating the Mach M100 autonomous driving SoC. This collaboration enhances AI data movement and system efficiency, meeting high performance, ...
Durantic, founded by former Meta and Hudson River Trading engineers, has launched a managed infrastructure layer to operate AI workloads across diverse GPU environments. The company addresses the growing complexity of AI infrastructure, which spans h...
Singapore has signed agreements with OpenAI and Google to enhance its AI ecosystem and accelerate AI use in public services, healthcare, education, and enterprise. OpenAI will invest over 300 million Singapore dollars to establish its first overseas ...
Alibaba unveiled its new AI chip, the Zhenwu M890, which offers three times the performance of the previous Zhenwu 810E model. The chip features 144 GB of GPU memory and an interchip bandwidth of 800 GB per second, enhancing AI processing capabilitie...
