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Issue Nº 80 COST TOTAL $14775.33 ARTICLES TODAY 10 TOKENS TOTAL 9.44B
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Running the wire
Funding Keyfactor secures $1B+ growth investment for AI-era machine identity and post-quantum security Market AI market shifts from biggest models to cheaper, smarter systems and open-weight alternatives Market SK Hynix raises $26.5B in largest US IPO by foreign firm, riding AI memory boom Breaking Apple sues OpenAI alleging systematic trade secret theft for hardware development Market SK Hynix raises $26.5B in largest foreign IPO debut; HBM supply drives 13% opening pop Chips Meta's Iris chip begins production September; targets 14 GW compute by 2027 Funding Oratomic raises $300M Series A; neutral-atom quantum claims 10k-qubit path to fault-tolerance Policy Trump admin eases UAE AI chip exports: license-free for G42, Core42; Warren blasts deal Market Meta pops 18% on cloud compute business plan; stock rallies past $667 Funding Keyfactor, SambaNova lead week's $10B+ funding as AI dominates venture capital Funding Yann LeCun launches Extelligence Invest, €200M VC fund for alternative AI Breaking Greg Brockman consolidates OpenAI product power as Fidji Simo steps down Funding Ollama raises $65M Series B; 8.9M developers, 85% Fortune 500, 14-person team powers open-model shift Funding Norm AI hits unicorn at $1.2B on $120M Series C; legal agents priced by outcome, not hours Funding Radical Numerics raises $50M to build multimodal biological intelligence from DNA, RNA, and proteins Market SK Hynix raises record $26.5B in largest-ever US ADR debut by foreign company Research Anthropic releases J-Lens interpretability tool revealing hidden reasoning workspace in Claude Research Anthropic Decodes Claude's 'Global Workspace' using J-Lens Interpretability Technique Chips SK Hynix–TetraMem Memristor Edge AI SoC Reaches 21.3 TOPS/W on 65nm Process Funding Traysar emerges from stealth with $25M seed for autonomous subterranean defense platforms Funding Keyfactor secures $1B+ growth investment for AI-era machine identity and post-quantum security Market AI market shifts from biggest models to cheaper, smarter systems and open-weight alternatives Market SK Hynix raises $26.5B in largest US IPO by foreign firm, riding AI memory boom Breaking Apple sues OpenAI alleging systematic trade secret theft for hardware development Market SK Hynix raises $26.5B in largest foreign IPO debut; HBM supply drives 13% opening pop Chips Meta's Iris chip begins production September; targets 14 GW compute by 2027 Funding Oratomic raises $300M Series A; neutral-atom quantum claims 10k-qubit path to fault-tolerance Policy Trump admin eases UAE AI chip exports: license-free for G42, Core42; Warren blasts deal Market Meta pops 18% on cloud compute business plan; stock rallies past $667 Funding Keyfactor, SambaNova lead week's $10B+ funding as AI dominates venture capital Funding Yann LeCun launches Extelligence Invest, €200M VC fund for alternative AI Breaking Greg Brockman consolidates OpenAI product power as Fidji Simo steps down Funding Ollama raises $65M Series B; 8.9M developers, 85% Fortune 500, 14-person team powers open-model shift Funding Norm AI hits unicorn at $1.2B on $120M Series C; legal agents priced by outcome, not hours Funding Radical Numerics raises $50M to build multimodal biological intelligence from DNA, RNA, and proteins Market SK Hynix raises record $26.5B in largest-ever US ADR debut by foreign company Research Anthropic releases J-Lens interpretability tool revealing hidden reasoning workspace in Claude Research Anthropic Decodes Claude's 'Global Workspace' using J-Lens Interpretability Technique Chips SK Hynix–TetraMem Memristor Edge AI SoC Reaches 21.3 TOPS/W on 65nm Process Funding Traysar emerges from stealth with $25M seed for autonomous subterranean defense platforms
Chips

Meta's Iris chip begins production September; targets 14 GW compute by 2027

Meta plans to begin manufacturing its custom AI chip, code-named "Iris," in September 2026, according to an internal memo reviewed by Reuters. The custom silicon—part of Meta's larger Meta Training and Inference Accelerators (MTIA) program spanning four generations—cleared bug testing in just six weeks with no major issues. The Iris chip is designed for ranking, recommendation systems, and generative AI inference workloads powering Facebook and Instagram, supplementing rather than replacing GPU purchases from Nvidia and AMD.

The production timeline fits Meta's broader infrastructure roadmap: 7 gigawatts of computing capacity in 2026, scaling to 14 gigawatts by 2027, supported by capex guidance of $125–$145 billion this year. Meta is deploying chips on a six-month cadence (faster than industry-standard annual release cycles) via partnerships with Broadcom for design and TSMC for fabrication. The memo reveals Meta has secured multi-year supply agreements with Samsung (memory), Sandisk (storage), and Sumitomo Electric (fiber optics) to combat global component shortages.

For infrastructure architects, this signals Meta's commitment to custom silicon as a cost-control and performance-optimization tool, not a Nvidia replacement. The Iris deployment validates Meta's design capability and reduces marginal GPU dependency, a model Google, Amazon, and OpenAI have pursued for years. With six-month release cadence and 14 GW deployment ambition, Meta is rewriting its unit economics at hyperscale—critical context as Broadcom consolidates design work across Google, Meta, and OpenAI.

Sources