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Top stories today:
- OpenAI buys stake in Thrive Holdings, plans to embed agents
- xLight, Gelsingerās chip startup, to get up to $150M from Trump admin
- NVIDIA takes $2B stake in Synopsys with expanded computing power
- Runway unveils Gen-4.5 video model, topping OpenAI, Google rivals
- Appleās AI chief John Giannandrea exits, Amar Subramanya to take over
- Samsung launches Galaxy Z TriFold with expanded 10ā display
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. OpenAI buys stake in Thrive Holdings, plans to embed agents across its portfolio companies
ā[R]eally prove out ways that we can accelerate that type of transformation,ā OpenAI COO Brad Lightcap said.
Apr.: Thrive Capital created Thrive Holdings with an initial $1B in funding.
Shield Technology Partners and Cret Professionals Alliance are Thrive Holdingsā initial 2 operations.
Thrive Holdings meant to help modernize how companies operate.
Financial details of the arrangement were not disclosed.
2. xLight, Gelsingerās chip startup, to get up to $150M from Trump admin for EUV laser push
The Commerce Department would provide the incentives, with the government receiving equity and becoming xLightās largest shareholder.
xLight develops extreme-ultraviolet lithography laser tech for advanced chipmaking.
āThis is deeply personal to me,ā said former Intel CEO Pat Gelsinger, who serves as xLightās executive chairman.
2022 Chips and Science Act is providing the summary.
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4. NVIDIA takes $2B stake in Synopsys with expanded computing power partnership
NVIDIA shares +2% on Mon. after the announcement:
