SpaceX Valuation Hits $2.7T After Trading Begins

Ornn, a startup focused on tracking AI computing costs, has launched benchmarks for tokens produced by Anthropic and OpenAI. The service addresses a growing need among AI customers and investors to monitor and compare pricing across major AI labs. Token pricing transparency is becoming increasingly important as enterprises scale AI deployments and seek cost optimization.

Qualcomm is in negotiations to acquire Tenstorrent, an AI chip design startup, for between $8 billion and $10 billion, according to sources with direct knowledge of the deal. The acquisition would represent a significant premium over Tenstorrent's previous valuation and would expand Qualcomm's capabilities in AI and data center chips. Deal terms remain fluid, with discussions ongoing and the potential for performance-based payments similar to past chip startup acquisitions.

Nvidia announced plans to raise $25 billion through a new corporate bond offering, marking its first debt sale since 2021 when it raised $5 billion. The move comes despite the AI chip leader generating tens of billions in cash quarterly. The bond sale signals Nvidia is following a broader trend among major tech companies in accessing capital markets.

Broadcom announced a $35 billion chip order funding venture with Apollo and Blackstone to provide computing capacity for Anthropic, with Broadcom serving as a financial backstop. The move mirrors Nvidia's vendor financing strategy to accelerate chip sales, but represents a larger financial risk for Broadcom given its smaller balance sheet compared to Nvidia.