Articles Tagged "Acquisition"

VideoVerse's $250M Exit Collapsed Into Fraud Suits

VideoVerse's $250M Exit Collapsed Into Fraud Suits

Minute Media's purchase of AI video startup VideoVerse fell apart after the deal closed, and three separate Delaware lawsuits now accuse founder Vinayak Shrivastav of forging signatures to extract tens of millions.

Qualcomm Bets $14B to Shatter Nvidia's AI Lock-In

Qualcomm Bets $14B to Shatter Nvidia's AI Lock-In

Qualcomm confirmed a $3.9B acquisition of AI software startup Modular and is in advanced talks to buy RISC-V chip designer Tenstorrent for up to $10B, betting that open hardware and a portable compiler can dislodge Nvidia from the data center.