Foundry

Equity: Bret Taylor has a brand-new AI startup

This is our Wednesday show, where we dig into the critical startup and venture capital stories from the week thus far.

Intel and Tower ink major foundry deal, $300M investment after Intel cancels its $5.4B Tower acquisition

Two weeks after Intel said it would cancel its plan to acquire Tower Semiconductor for $5.4 billion amidst pushback from regulators, the two companies intend to work together anyway. Intel today said

OpenAI’s Foundry will let customers buy dedicated compute to run its AI models

OpenAI is quietly launching a new developer platform that lets customers run the company’s newer machine learning models, like GPT-3.5, on dedicated capacity. In screenshots of documentation pub

Inscribe bags $25M to fight financial fraud with AI

Conor Burke spent much of his career in the back office of a big bank in Ireland. His team was tasked with digitizing the onboarding process — particularly document-heavy manual review workflows

Samsung Electronics starts 3-nanometer chip production ahead of TSMC

Samsung Electronics said Thursday it has kicked off mass production of 3-nanometer chips, becoming the first company to do so globally, as it aims to beat Taiwan Semiconductor Manufacturing Co, or TSM

Naspers leads $11M investment in South African insurtech Naked

South African insurtech platform Naked has raised $11 million in a Naspers-led round. Existing investors Yellowwoods and Hollard also participated in the funding round. This comes barely two weeks aft

Twine aims to end social isolation with its video chat app for deep conversations

A new startup called twine wants to help people feel less isolated and alone. Though the project has been in the works for around six months, it’s launching at a time when people are struggling

Crunch Report | GoPro releases the new Karma Drone

GoPro releases the new Karma drone, Nikon launches 3 new action cams, Twitter makes changes looking for new users, Lyft outlined some of its ideas for autonomous driving, and Foundry Group raises $500

AT&T Messages Moves Your Conversations To The Cloud

To celebrate the opening of their new <a href="http://www.att.com/gen/press-room?pid=2949">AT&T Foundry</a> in Palo Alto, AT&T is talking about some of the ambitious projects that they and the