Key facts
- Samsung Electronics and Netlist settled a patent dispute.
- Samsung and Netlist entered into a five-year agreement.
- Samsung gains access to Netlist's memory chip patents.
- Samsung will supply Netlist with DRAM and NAND flash memory.
- AI startup Volta secured a $10 billion cloud computing contract with Anthropic.
- The Volta-Anthropic deal reportedly spans six years.
- The deal involves 133 megawatts of capacity.
- The capacity is at a Bitdeer data center in Norway.
- The infrastructure will be powered by Nvidia AI chips.
- Volta was valued at $2.4 billion.
- Volta raised $300 million in financing.
Samsung Electronics and Netlist have resolved a protracted patent dispute through a new five-year licensing agreement. Under the terms of the settlement, Samsung will obtain access to Netlist's portfolio of memory chip patents. Concurrently, Samsung will serve as a supplier to Netlist, providing DRAM and NAND flash memory.
In a significant development within the AI sector, startup Volta has announced a substantial $10 billion cloud computing contract with AI company Anthropic. This agreement is reportedly set to span six years. The deal will leverage 133 megawatts of capacity located at a Bitdeer data center situated in Norway. The infrastructure will be powered by Nvidia's AI chips. As part of this transaction, Volta has been valued at $2.4 billion. The company also successfully raised $300 million in financing.