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HYUNDAI MOTOR GROUP

Seoul, South Korea

infrastructureFounded 20260

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Samsung and SK sign $950B AI chip and data center deals

Samsung and SK sign $950B AI chip and data center deals

On July 25, 2026, South Korea’s presidential Blue House detailed about $950 billion in AI chip and infrastructure cooperation over five years between Korean conglomerates and US tech firms. SK Group will pursue around $750 billion in advanced memory supply deals, while Samsung Electronics signed a memorandum of understanding with Broadcom worth up to $200 billion, alongside large AI data center and physical AI projects with Nvidia, Anthropic, NAVER, SK Telecom, Brookfield and Hyundai Motor Group.

1w agoAju Press
CuspAI secures $450M Series B to scale AI materials discovery

CuspAI secures $450M Series B to scale AI materials discovery

Cambridge-based CuspAI closed a $450 million Series B round at a $2.6 billion valuation, announced on July 20, 2026. The funding, co-led by Kleiner Perkins and NEA with participation from Bezos Expeditions and the UK’s Sovereign AI Fund, will expand its generative AI platform for discovering new materials and launch an AI Materials Foundry network.

1w agoTech Funding News
CuspAI secures $450M Series B to launch global AI materials foundry

CuspAI secures $450M Series B to launch global AI materials foundry

UK startup CuspAI has raised $450 million in a Series B round valuing the company at about $2.6 billion. On July 20–21, 2026, outlets including Sifted, Reuters and The Star reported that the round, led by Kleiner Perkins and NEA with backing from Jeff Bezos and the UK government, coincides with the launch of CuspAI’s AI Materials Foundry, a 45‑plus member network including Nvidia and Meta. The company says the funds will scale its MIRA platform and foundry network across Europe, the US and Asia.

1w agoSifted

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