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| Data center power: Microsoft promised to pay the cost of electricity to power its massive expansion of US data centers for AI work rather than forcing consumers to foot the bill. Free starlink in Iran: Elon Musk’s SpaceX is offering free Starlink satellite service in Iran amid protests and an internet blackout. Chip expansion: The US and Taiwan are close to a trade deal that includes a pledge by leading chipmaker TSMC to build four more manufacturing plants in Arizona. | |
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| AI chip startup Etched raised about $500 million at a valuation of $5 billion. Investment firm Stripes LLC led the funding round with participation from Peter Thiel, Positive Sun and Ribbit Capital. The company is among a number of upstarts trying to compete with Nvidia in the market for artificial intelligence processors. | |
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| Amazon plans a big-box store in the style of rivals Walmart and Target, but the e-commerce leader’s previous attempts at brick-and-mortar outlets haven’t always been successful, Spencer Soper reports in today’s Tech In Depth. It will be interesting to see what Amazon has learned from its previous efforts and whether the big-box project is a one-time experiment or the first of a significant move for future growth, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. | |
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