QuTwo, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, has raised €25 million in an angel round at a €325 million valuation. Investors include Yuri Milner, Xavier Niel, Nico Rosberg, and founders from Skype, Wolt, and Supercell, among others. The company’s core product, QuTwo OS, is an AI orchestration layer […]
The post Penguin Solutions (PENG) Stock Rockets 13% on AMD Deal and Upgraded Revenue Forecast appeared on BitcoinEthereumNews.com.
Key Highlights Penguin Solutions (PENG) experienced a ~13.47% spike following the unveiling of a collaborative venture with AMD and Shell targeting AI data center optimization. Management elevated fiscal 2026 revenue growth projections from 6% to 12%, propelled by robust memory division performance. Second quarter FY2026 revenues reached $343M, marginally exceeding analyst expectations of $340.2M. Technical indicators including a “golden cross” pattern combined with elevated trading volumes amplified the upward momentum. Senior Vice President Clark Joseph Gates divested $173,750 in shares on May 5 through a predetermined 10b5-1 trading arrangement. Shares of Penguin Solutions (PENG) climbed 13.47% on May 10, closing at $44.23, following the disclosure of a tripartite collaboration with AMD and Shell designed to enhance AI-powered data center capabilities. A
The post Penguin Solutions (PENG) Stock Rockets 13% on AMD Partnership and Upgraded Revenue Forecast appeared on BitcoinEthereumNews.com.
Key Highlights Shares of Penguin Solutions (PENG) climbed approximately 13.47% following news of a strategic collaboration with AMD and Shell targeting AI data center optimization. Management doubled its fiscal year 2026 revenue growth projection from 6% to 12%, citing robust memory segment performance. Second quarter FY2026 revenues reached $343M, marginally exceeding analyst expectations of $340.2M. Technical indicators showed a bullish “golden cross” pattern while trading volumes spiked significantly. Senior Vice President Clark Joseph Gates offloaded $173,750 in shares on May 5 through a predetermined trading arrangement. Shares of Penguin Solutions (PENG) advanced 13.47% on May 10, closing at $44.23, after the technology firm unveiled a collaborative venture with AMD and Shell designed to enhance AI-powered data center efficiency. After-hours ac
May 8, 2026 — AI for enterprise is no longer an option, it’s an imperative. The right on-premises solutions offer a competitive advantage providing better performance, control and security. Dell […]
The post Dell, AMD Expand On-Prem AI Platform with Instinct MI350P GPU Support appeared first on AIwire.
ZAYA1-8B delivers reasoning, mathematics, and coding performance competitive with models many times larger, achieving high intelligence density with under one billion active parameters trained on full-stack AMD infrastructure. SAN FRANCISCO, […]
The post Zyphra Releases ZAYA1-8B Reasoning Model appeared first on AIwire.
MRC (Multipath Reliable Connection) is a new open networking protocol developed by OpenAI in partnership with AMD, Broadcom, Intel, Microsoft, and NVIDIA that improves GPU networking performance and resilience in large-scale AI training clusters by spreading packets across hundreds of paths simultaneously, recovering from network failures in microseconds, and enabling supercomputers with over 100,000 GPUs to be built using only two tiers of Ethernet switches.
The post OpenAI Introduces MRC (Multipath Reliable Connection): A New Open Networking Protocol for Large-Scale AI Supercomputer Training Clusters appeared first on MarkTechPost.
Zyphra releases ZAYA1-8B, a reasoning Mixture of Experts model with only 760M active parameters that outperforms open-weight models many times its size on math and coding benchmarks — closing in on DeepSeek-V3.2 and surpassing Claude 4.5 Sonnet on HMMT'25 with its novel Markovian RSA test-time compute method. Trained end-to-end on AMD Instinct MI300 hardware and released under Apache 2.0, it sets a new standard for intelligence density in the small language model weight class.
The post Zyphra Releases ZAYA1-8B: A Reasoning MoE Trained on AMD Hardware That Punches Far Above Its Weight Class appeared first on MarkTechPost.
Insider Brief European AI startup QuTwo raised a €25 million angel financing round, increasing its valuation of roughly $380 million, TechCrunch is reporting. The round offers further evidence of continued investor appetite for both artificial intelligence and quantum-enhanced computing. It’s also a boost for European technology firms. The Finland-based company was founded by Peter Sarlin, […]
QyTw0, the Finnish AI lab founded by former AMD Silo AI CEO Peter Sarlin, is now valued at €325 million (approximately $380 million) after raising a €25 million angel round ($29 million). It's a sign of enduring tailwinds for AI, quantum computing, and sovereign tech, especially for Europe-made companies.
