Daily Tech: Global AI Push, AUS bio partnership, SMCI with projections

FutureGate | February 12 2025

Secures $1.5 Billion from Saudi Arabia to Challenge AI Chip Giants

AI chip startup Groq has landed a massive $1.5 billion funding commitment from Saudi Arabia, positioning itself as a formidable competitor in the booming AI hardware market. The investment signals Saudi Arabia’s growing push into AI and semiconductor technologies, aligning with its broader Vision 2030 strategy to reduce dependence on oil. Groq, known for its innovative Language Processing Units (LPUs) that accelerate AI workloads, has been making waves with its ultra-fast inference capabilities. The fresh capital injection could help Groq scale operations, enhance chip production, and challenge industry leaders like NVIDIA and AMD in the AI acceleration space.

Apple and Alibaba Bring AI to iPhones in China

Apple and Alibaba are set to introduce AI-powered features to iPhones in China, marking a strategic collaboration between two tech giants in one of the world’s largest smartphone markets. With China’s strict data regulations limiting access to OpenAI’s ChatGPT and other foreign AI models, Apple is leveraging Alibaba’s AI expertise to ensure compliance and deliver generative AI capabilities to Chinese consumers. The partnership aligns with Apple’s broader efforts to localize AI services while maintaining its market presence in China, as competition from domestic smartphone makers like Huawei intensifies.

AdvanCell and Lilly Join Forces on Cancer Treatments

Australian biotech company AdvanCell has partnered with Eli Lilly to develop next-generation targeted alpha therapies for cancer treatment. This collaboration aims to advance precision medicine, using alpha-emitting radiopharmaceuticals to destroy cancer cells while sparing healthy tissue. AdvanCell’s expertise in radioisotope production, combined with Lilly’s global reach, could accelerate the commercialization of breakthrough cancer treatments. As the demand for novel oncology solutions grows, the partnership positions both companies at the forefront of the targeted radiopharmaceutical therapy (TRT) sector.

Super Micro Aims for $40B Revenue, Confident in SEC Compliance

Super Micro Computer Inc. (NASDAQ: SMCI) has set an ambitious goal of reaching $40 billion in revenue next fiscal year, driven by surging demand for AI servers and high-performance computing (HPC) infrastructure. The company has assured investors it remains on track to meet SEC filing deadlines, easing concerns over regulatory compliance. Super Micro has been a key supplier for AI-driven enterprises, benefiting from partnerships with NVIDIA, AMD, and Intel. With the AI server market growing rapidly, the company’s strong financial outlook suggests it could become a major force in the AI and cloud computing space in the coming years.