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Metagenomi Uses Amazon’s AI Chips to Power Next-Gen Gene Editing

Biotech company Metagenomi (MGX.O) has begun using Amazon Web Services’ custom AI chips to accelerate the discovery of new gene-editing technologies, marking one of the first major biotech applications of Amazon’s in-house silicon beyond large language models and chatbots. The Emeryville, California-based firm, which is developing tools to deliver gene therapies directly into human cells, […]

Apollo, HSG, Jane Street Join Kraken’s $500 Million Fundraising Round Valued at $15 Billion

Major financial players Apollo Global Management, Oppenheimer, Jane Street, and HSG — formerly Sequoia Capital China — have invested in crypto exchange Kraken’s September funding round that valued the company at $15 billion, according to two people familiar with the deal. The $500 million fundraising, first reported by Fortune, marks one of the largest private […]

Intel’s Results to Reveal If Multibillion-Dollar Rescue Plan Is Working

All eyes are on Intel’s third-quarter earnings report this Thursday, as investors look for signs that a wave of multibillion-dollar investments from Nvidia, SoftBank, and the U.S. government is stabilizing the struggling chipmaker under its new CEO Lip-Bu Tan. The fresh funding has lifted Intel’s shares nearly 100% this year, outperforming even AI titan Nvidia, […]