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Seeking Alpha’s roundup of statements, announcements and remarks that could impact the technology sector.
- Tesla (NASDAQ:TSLA) has signed a $16.5 billion chip deal with Samsung.
“Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip. The strategic importance of this is hard to overstate. Samsung currently makes AI4. TSMC (NYSE:TSM) will make AI5, which just finished design, initially in Taiwan and then Arizona,” Tesla (NASDAQ:TSLA) CEO Elon Musk confirmed in a post on X.
Samsung disclosed in a regulatory filing on Sunday night that it had signed a $16.5 billion chip supply deal, but didn’t name the company.
- Alibaba (NYSE:BABA) is launching a line of smartglasses called Quark AI Glasses that are powered by its Qwen LLM and its AI assistant Quark.
“Quark AI Glasses offer hands-free calling, real-time translation, music streaming, and even meeting transcriptions. Designed for professionals, travelers, and tech enthusiasts, the glasses seamlessly connect with Alibaba’s ecosystem — from Amap navigation to Taobao price comparisons, Alipay payments, and Fliggy travel alerts — all via voice commands,” the Chinese tech company said in a blog post.
Alibaba intends to launch the product in China by the end of the year.
Earlier this month, Meta (NASDAQ:META) bought a reportedly $3.5 billion stake in eyeglass maker EssilorLuxottica (OTCPK:ESLOF) (OTCPK:ESLOY) as part of its push into the AI glasses market. The companies market Meta AI glasses under the Ray-Ban and Oakley brands.
- Figma (FIG) has raised its prospective IPO price range to $30 and $32 per share, which could give the company a valuation of around $18.8 billion.
The design software company plans to offer 12,472,657 common shares, with certain existing shareholders offering 24,464,423 shares. Figma plans to list its shares on NYSE under the symbol “FIG,” according to a company statement.
The company said in an earlier filing that it was looking to price the shares at $25 to $28.