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Funding Apple supplier Lingyi iTech prices $1.06B Hong Kong IPO; allocates $1.71B to AI server and robotics hardware Market SoftBank plunges 12% as AI infrastructure costs fuel Asian tech selloff Chips Tenstorrent BlackHole Galaxy reaches production; 10 customers, 96-unit order Breaking Cloudflare releases open-source agent skills for Zero Trust deployment and migration Funding Salesforce acquires Fin (formerly Intercom) for $3.6B to bolster Agentforce customer service AI Market OpenAI CFO Sarah Friar pushes IPO delay to 2027, cites $600B spending risk, revenue shortfalls Funding On Semiconductor acquires Synaptics for $7B in largest-ever deal, pushes physical AI Market Memory supply crunch forces Apple, Microsoft to raise Mac/iPad/Xbox prices 17-25% amid AI hyperscaler competition Funding Groq raises $650M for AI inference cloud after Nvidia's $20B licensing deal Chips Applied Materials launches chipmaking systems for HBM, 3D stacking; addresses AI's memory bottleneck Market Microsoft hikes Xbox prices 20–27% as memory costs surge 2.5x due to AI demand Chips AMD's Ryzen 7 5800X3D 10th Anniversary Edition Faces Scalper Surge, Inventory Constraints Market Micron Crushes Q3 Guidance, Posts $41.5B Revenue; Q4 Guide at $50B Shocks Wall Street Market Micron surges 15% after Q3 forecast crushes estimates; $33.5B revenue, 81% gross margin Market Micron surges 17% on blowout Q3 earnings; projects $50B Q4 revenue, $22B in AI datacenter commitments Market Micron blowout Q3 earnings beat, raises FY2026 guidance on HBM demand surge Breaking AI token spend spiraling out of control; Accenture calls for guardrails Chips ASUS rolls out beta BIOS for Ryzen 9000, restores TSME memory encryption ahead of AMD's July timeline Breaking Anthropic accuses Alibaba of illicitly distilling Claude via 25,000 fake accounts Market N26 digital bank hits profitability for first time in 2025 after founder exit and regulatory overhaul Funding Apple supplier Lingyi iTech prices $1.06B Hong Kong IPO; allocates $1.71B to AI server and robotics hardware Market SoftBank plunges 12% as AI infrastructure costs fuel Asian tech selloff Chips Tenstorrent BlackHole Galaxy reaches production; 10 customers, 96-unit order Breaking Cloudflare releases open-source agent skills for Zero Trust deployment and migration Funding Salesforce acquires Fin (formerly Intercom) for $3.6B to bolster Agentforce customer service AI Market OpenAI CFO Sarah Friar pushes IPO delay to 2027, cites $600B spending risk, revenue shortfalls Funding On Semiconductor acquires Synaptics for $7B in largest-ever deal, pushes physical AI Market Memory supply crunch forces Apple, Microsoft to raise Mac/iPad/Xbox prices 17-25% amid AI hyperscaler competition Funding Groq raises $650M for AI inference cloud after Nvidia's $20B licensing deal Chips Applied Materials launches chipmaking systems for HBM, 3D stacking; addresses AI's memory bottleneck Market Microsoft hikes Xbox prices 20–27% as memory costs surge 2.5x due to AI demand Chips AMD's Ryzen 7 5800X3D 10th Anniversary Edition Faces Scalper Surge, Inventory Constraints Market Micron Crushes Q3 Guidance, Posts $41.5B Revenue; Q4 Guide at $50B Shocks Wall Street Market Micron surges 15% after Q3 forecast crushes estimates; $33.5B revenue, 81% gross margin Market Micron surges 17% on blowout Q3 earnings; projects $50B Q4 revenue, $22B in AI datacenter commitments Market Micron blowout Q3 earnings beat, raises FY2026 guidance on HBM demand surge Breaking AI token spend spiraling out of control; Accenture calls for guardrails Chips ASUS rolls out beta BIOS for Ryzen 9000, restores TSME memory encryption ahead of AMD's July timeline Breaking Anthropic accuses Alibaba of illicitly distilling Claude via 25,000 fake accounts Market N26 digital bank hits profitability for first time in 2025 after founder exit and regulatory overhaul
Chips

Tenstorrent BlackHole Galaxy reaches production; 10 customers, 96-unit order

Tenstorrent, led by Jim Keller, has moved Tenstorrent Galaxy Blackhole AI servers into production and customer deployment. The company reports ten customers with Galaxy systems on-site, having passed proof-of-concept, and received the largest purchase order of 96 Galaxy clusters (3,072 Blackhole chips total) to ship outside the U.S. The company is building 1,000 Galaxy servers, with at least half already sold, backed by over $1 billion raised to date.

The Galaxy Blackhole server delivers 23 PFLOPS of Block FP8 compute from 32 Blackhole chips, with 6.2 GB on-chip SRAM, 1 TB DRAM, and up to 56 × 800G Ethernet ports. In early tests, 16 Galaxy servers running DeepSeek-671B delivered 350+ tokens per second per user at batch 32, demonstrating unified compute, memory, and networking on a single chip—eliminating the KV cache fragmentation problems that plague disaggregated systems. A single Galaxy server starts at $110,000; a four-system supercluster at $440,000.

Keller told EE Times that Tenstorrent can match or exceed GPU and specialized accelerator performance at substantially lower hardware cost. He noted that some customers with large Nvidia orders facing year-plus delivery delays have opted for cheaper Tenstorrent capacity, positioning Blackhole as a hedge against supply bottlenecks. Tenstorrent is aiming for an IPO, with investors highly interested; Keller views a strategic JV or partnership with sovereign infrastructure buyers as more likely than acquisition.

Sources