Baseten Seeks $1B at $11B Valuation on AI Inference Growth

Meta will begin production of its new custom AI chips in September 2026. The company is adopting a modular design approach to accommodate rapid changes in AI technology and evolving computational needs. This move reflects Meta's strategy to reduce dependence on third-party chip suppliers and control its AI infrastructure costs.

SK Hynix, a South Korean memory chipmaker already listed in Seoul, raised $26.5 billion in a Nasdaq IPO, the largest ever by a foreign company in the U.S. and surpassing Alibaba's 2014 record of $25 billion. The company plans to deploy proceeds toward unspecified strategic initiatives. The listing marks a significant capital raise for the semiconductor sector amid ongoing global chip demand.

PrismML, a Khosla Ventures-backed startup, claims to have compressed Alibaba's Qwen 3.6 large language model, which contains 27 billion parameters, to run on an iPhone 17 Pro. This represents the largest AI model ever deployed on a mobile device, surpassing typical mobile models that operate with only a few billion active parameters. The achievement addresses Apple's broader effort to run powerful AI locally on iPhones to reduce cloud computing costs and improve user privacy.

General Intuition is developing foundation models for robotics by training on millions of hours of video game data rather than real-world robot footage. The startup believes this approach can accelerate physical AI development by reducing the need for extensive real-world training data. The strategy mirrors how large language models like ChatGPT transformed AI by scaling training on vast datasets.