Ingus Kruklitis
Seeking Alpha’s roundup of statements, remarks and announcements that could impact the technology sector.
The AI startup told The Wall Street Journal that its bid has the backing of several investors and large VC funds. The Journal noted that the offer is much larger than Perplexity’s estimated value of $18B, while Chrome’s enterprise value has been estimated at between $20 billion and $50 billion.
- Chinese officials have reportedly sent letters to Chinese companies advising them to avoid using Nvidia’s (NASDAQ:NVDA) H20 chips, especially for government-related work.
While the letters discouraged use of the chips for government-related projects, they didn’t specifically ban their use for other work, according to Bloomberg.
- Tesla (TSLA) CEO Elon Musk said xAI plans to take legal action against Apple (NASDAQ:AAPL) for its App Store rankings of xAI’s Grok chatbot. Musk is a majority owner of xAI, which owns X.
“Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation. xAI will take immediate legal action,” Musk said in a post on X.