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Trump tanks tech, Intel and TSMC do a deal, and OpenAI sets a fundraising record
- Trump's implementation of high tariffs caused a market downturn in various sectors, raising concerns of potential recession.
- Intel and TSMC have agreed to a joint venture, but the impact on U.S. chip manufacturing remains uncertain.
- Qualcomm is showing interest in acquisitions, including chipmaker Alphawave, to enhance its AI capabilities.
- OpenAI secured a record $40 billion in funding, setting its post-money valuation at $300 billion.
- The AI sector continues to see significant investments, with Alphabet's Isomorphic Labs and Runway AI securing substantial funding.
- Further advancements in AI are reshaping the cybersecurity industry, with AI technologies outperforming human red teams.
- The TikTok ownership issue remains unresolved as various companies like Oracle and Amazon express interest.
- Stablecoin provider Circle filed for an IPO, indicating continued momentum in the crypto market.
- CoreWeave's stock saw positive movements above its IPO price, amidst delays in IPOs by Klarna and StubHub.
- Various funding rounds and acquisitions in the tech and AI industry, including those by Siemens, Hydrolix, Opsera, and more, reflect the dynamic landscape of the sector.
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