Cognichip, which is building an AI model for chip design, raised a $60M Series A led by Seligman Ventures, with participation from new board member Lip-Bu Tan — The most advanced silicon chips have accelerated the development of artificial intelligence. Now, can AI return the favor?
Franklin Templeton agrees to acquire CoinFund spinoff 250 Digital to form Franklin Crypto, which will offer strategies designed for institutional investors — Money manager's crypto investment unit will offer strategies designed for institutional investors
Super Micro co-founder Yih-Shyan Liaw pleads not guilty to US federal charges of helping smuggle billions of dollars' worth of Nvidia-powered servers to China — Super Micro Computer Inc. co-founder Yih-Shyan “Wally” Liaw pleaded not guilty Wednesday in New York to charges …
PrismML, which says its 1-bit LLM achieves radical compression without sacrificing performance, comes out of stealth with $16.25M in SAFE and seed funding — PrismML says its 1-bit large language model achieves radical compression without sacrificing performance, lowering energy consumption
Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June — Monzo Bank Ltd. is shuttering its US operations after years of failing to gain a foothold on the world's largest market …
Levels.fyi: median base-salary offers for US software engineers at VC-backed startups have risen 25% to $200K since 2022; total compensation has risen just 18% — Young tech companies once might have complemented lower salaries with generous equity packages. Now they're upping base pay.
Sources: US prosecutors are exploring whether some prediction market bets, including on the capture of Nicolás Maduro, violated insider trading and other laws — Federal prosecutors in Manhattan are exploring whether certain lucrative bets placed on prediction markets …