MatX raises $500 million to challenge Nvidia in AI chips
MatX raised $500 million in Series B funding to develop specialized AI processors that aim to outperform Nvidia’s GPUs by 10 times in LLM training.
Monday, August 3, 2026
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MatX raised $500 million in Series B funding to develop specialized AI processors that aim to outperform Nvidia’s GPUs by 10 times in LLM training.
A new Fraunhofer Institute study finds plug-in hybrid vehicles are often rarely charged, leading to significantly higher emissions and lower efficiency than official ratings suggest.
Waymo is launching robotaxi services in four new US cities and is on track to reach over one million weekly rides by year-end, despite ongoing safety investigations.
Apple is reportedly planning a three-day flurry of announcements across New York, London, and Shanghai, moving away from its traditional single-keynote launch format.
China’s BCI industry is moving from research to scale, with market projections expected to reach over 120 billion yuan by 2040 amid strong policy and clinical support.
The 2026 Cadillac Escalade IQL is a 9,000-pound luxury electric SUV starting at $130,405, offering significant range and tech despite charging and software usability challenges.
Scott Myers, Snap’s Senior Vice President of Specs (its AR glasses), has departed the company, reportedly following a dispute with CEO Evan Spiegel.
Toyota’s Canadian manufacturing subsidiary has contracted seven Agility Robotics humanoid robots to work in a plant building RAV4 SUVs under a robots-as-a-service deal.
Amazon has halted its Blue Jay warehouse robotics project after less than six months, though it plans to repurpose the underlying technology for other manipulation programs.
Google launched the $499 Pixel 10a, featuring AI-powered camera tools, Satellite SOS, and a 6.3-inch display, with shipments beginning March 5.
Ford is promising to deliver a $30,000 electric truck next year using a new universal platform and efficiency-focused manufacturing following recent financial losses.
Apple is reportedly accelerating development of three AI-powered wearables, including smart glasses and a pendant, to compete with rivals like Meta and Snap.
Amazon is rolling out a major Fire TV interface redesign in the U.S., with a broader rollout to more countries planned for this spring.
Ricursive Intelligence raised $335M at a $4B valuation to build AI tools that automate chip design, which could accelerate the co-evolution of AI models and hardware.
Indian startup C2i Semiconductors raised $15 million to develop end-to-end power solutions, aiming to reduce energy losses in AI data centers by an estimated 10%.
Nothing has opened its first retail store in Bengaluru, India, to capitalize on its fastest-growing market, with plans for future locations in Tokyo and New York.
Meta reportedly plans to add facial recognition to its Ray-Ban smart glasses, reviving a project previously abandoned due to safety and privacy risks.
Amazon-owned eero has launched the $99.99 eero Signal, a 4G LTE device providing cellular internet backup for users with an active eero subscription.
Upside Robotics has raised $7.5 million in seed funding to scale its autonomous, solar-powered fertilizer-delivery robots and hopes to expand from Canada into the U.S. corn belt.
Apptronik has raised a total of $935 million for its Series A round, reaching an estimated post-money valuation of about $5.3 billion.