Google took a $12.2bn Marvell option as H200s reached China
Marvell handed Google a warrant over 59 million shares in return for a custom AI chip supply deal, and the first H200s cleared Beijing's import block into ByteDance and Tencent at about 10,000 chips each.
Marvell gave Google the right to buy $12.2bn of its stock Marvell disclosed on Wednesday that it has issued Google a warrant over 58,970,907 shares at $206.58 each, tied to a custom silicon agreement signed on 29 July covering AI inference accelerators, storage, networking and memory-interface controllers. Most of it vests one tranche at a time for every $500M of custom product revenue Google puts through Marvell, whose shares rose about 10 per cent on the news while Broadcom’s fell 3. Source
Nvidia’s H200s have started arriving in China ByteDance and Tencent have each taken delivery of roughly 10,000 of the chips in recent weeks, the Financial Times reported on Wednesday, the first to clear Beijing’s import block. Washington had already cleared each company to buy up to 100,000, and Chinese regulators still want most of the hardware kept off the mainland, allowing shipments into Hong Kong under its separate customs regime. Source
Unitree closed its first day up 460 per cent in Shanghai The humanoid robot maker opened at 1,100 yuan against a 150.80 yuan IPO price — a 629 per cent jump and a $66bn valuation — before settling at 845 yuan, worth about 342bn yuan. Some 9.8 million retail accounts competed for 9.7 million shares, and the Star Market Composite index fell 7.2 per cent on the same session. Source
OpenAI’s finance chief told staff it will be public in 2027 Sarah Friar said at a Wednesday all-hands that OpenAI “will be a public company in 2027”, or sooner if “our business continues to inflect”. It filed its prospectus confidentially with the SEC in June; Friar’s framing to employees was that “the IPO is not a finish line, it is a milestone, another fundraise”. Source
Samsung raised advanced foundry prices by up to 15 per cent Quotes for its 4nm and 5nm processes went up 10 to 15 per cent on July orders and 8nm by nearly 10 per cent, sources told Reuters on Wednesday, with Chinese and American customers taking the largest rises and Taiwanese customers 5 to 10. Samsung’s 4nm line at Pyeongtaek has run at full capacity since late last year, and TSMC’s leading-edge capacity is tight, with its own prices rising. Source
OpenAI is previewing safety monitoring that keeps zero data retention Private Safety Processing, announced on Wednesday and in testing with early customers, looks for misuse patterns across related interactions and returns only a narrowly defined safety signal, with customer content staying on customer infrastructure or encrypted under keys OpenAI does not hold. A broader rollout and a technical white paper are due in September, and the post pointedly contrasts this with rivals that require content retention for safety monitoring — a line Axios read as aimed at Anthropic’s recent logging requirements. Source
Flock built a police tool that searches people by movement pattern OS Investigate lets officers query Flock’s camera network in plain language with no plate, name or crime to start from, and ships with 69 editable prewritten prompts — one surfaces the vehicles seen most often in a neighbourhood over 14 days, another flags cars that visited three or more shops in three days. Flock has said for years that its cameras cannot recognise, identify or track individuals; it says the tool is in development with a small group of law-enforcement partners and may change before release. Source
SpaceX approached Cognition about a takeover and got a public denial Bloomberg reported on Wednesday that SpaceX tried to buy the maker of the Devin coding agent days after closing its $60bn Cursor deal, that Cognition did not engage, and that the two may still discuss running Cognition on SpaceX compute. Cognition’s chief executive Scott Wu called the report inaccurate on X the same day, saying the company is not for sale and the two have not been in talks. Source
Claude designed working protein binders for 14 of 15 targets Anthropic published wet-lab results on Tuesday in which Opus 4.8 and a Mythos preview ran a largely autonomous binder design campaign, validated by Adaptyv Bio and Twist Bioscience, at hit rates of 22 to 35 per cent against the 10 to 15 typical today. On one target it beat the winning entry in Adaptyv’s own public design competition; Anthropic notes the capability is dual-use and remains switched off in Fable 5 pending safer access programmes. Source