AI Accelerators

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Sunday, 9 August 2026

Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

TechCrunch 2 months ago 49

Situational Awareness invested $400 million in Source Foundry, an AI-focused hedge fund backing a chip-manufacturing startup founded by Stanford researchers. The fund’s total investment in Source Foundry reached $500 million. As a result, it doubled down on chip manufacturing despite selling most of its public portfolio and seeing assets under management drop from $20 billion to $10 billion.

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TLDRocket 17 October 2026

Microsoft used today’s announcement to zoom in on what matters in scaling: not just raw capability, but the plumbing behind it. The company revealed MAI-Base-2, a 2T-parameter base model designed to be converted into full LLMs with additional training. Per Microsoft, only 80B parameters activate per prompt, and the training run ate 50T tokens over 38 days using 16,000 Nvidia GB200 GPUs. The headline claim: MAI-Base-2 is up to 12× more hardware-efficient than its predecessors, a metric that will matter to anyone trying to keep inference costs from swallowing margin.

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AI Accelerators

Key players

Sunday, 9 August 2026

Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

Every AI story that matters, in your inbox by 8am.

Every AI story that matters,
in your inbox by 8am.