Topic: #hardware
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Formlabs explores IPO with advisers as 3D printing company eyes public markets
Formlabs, a Somerville-based 3D printing company valued at $2 billion, is in discussions with potential advisers to prepare for an initial public offering. The company reported over $250 million in annual revenue and positive free cash flow in 2025.
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Citadel forecasts $500B in AI chip debt by 2028, reshaping credit markets
Technology companies are projected to issue more than $500 billion in debt by 2028 to finance AI data center chips, according to Citadel Securities. The borrowing wave could reshape investment-grade credit markets and influence crypto mining costs.
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1,082 BTC stolen from Coldcard wallets via weak seed generation
Galaxy Research mapped a 41-minute attack on July 30 that drained 1,082.65 BTC from 1,196 Coldcard wallets by exploiting weak seed generation. The attacker never accessed the devices themselves—instead, they recreated private keys offline by brute-forcing roughly four billion possibilities.
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CoreWeave explores futures contracts to hedge chip price volatility
CoreWeave, the AI cloud infrastructure company, is evaluating financial derivatives to protect its multibillion-dollar hardware investments from declining chip prices, signaling the emergence of standardized computing hardware derivatives markets.
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OpenAI Unveils Jalapeño Custom AI Chip With Broadcom
OpenAI unveiled Jalapeño, a custom chip designed for large language model inference and developed with Broadcom. Early versions are already being tested in OpenAI's labs, marking the company's most significant move yet to control more of the hardware stack behind its AI models.
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Midjourney launches medical division with ultrasonic body scanner
Midjourney announced a new medical division featuring a full-body ultrasonic scanner concept targeting 0.5mm resolution in 60 seconds. The company plans a San Francisco flagship location with up to ten scanners by end of 2027, though it has never shipped a physical product before.
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XCENA raises $135M at $570M valuation for memory-centric AI chips
AI infrastructure startup XCENA closed a $135 million Series B round led by Altinum and IMM Investment, bringing total funding to $185 million. The company's MX1 chip tackles memory bottlenecks in AI systems by processing data directly inside memory modules, potentially reducing infrastructure needs.