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Tech Across the Globe

Easier trade: The US has lifted recent restrictions that stymied chip designers in China trying to import software, now allowing companies such as Synopsys, Cadence and Germany’s Siemens to resume sales to Chinese clients.

New AI servers: CoreWeave said it has received the market’s first artificial intelligence server system based on the newest, high-end Nvidia chip, built by Dell.

Meta’s questionable spend: Former OpenAI board member Helen Toner cast doubt over Mark Zuckerberg’s effort to throw multimillion-dollar salaries at top AI researchers, wondering if it will pay off in more successful AI models and products.

Revalued

Private equity firm Thoma Bravo has reached a $2 billion deal to buy Olo, a restaurant-software maker. The buyout specialist will pay a 65% premium for New York-based Olo, which was founded in 2005 and counts brands including Denny’s and PF Chang’s China Bistro among its customers.

Must Read

A nerdy Black woman hacker isn’t your typical Silicon Valley startup founder, but that’s the point of the hip-hop musical Co-Founders playing in San Francisco, reports Ellen Huet in today’s Tech In Depth. The play subverts the myth of the startup founder while connecting the vibrancy of the industry to the greater San Francisco Bay area culture.

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This Week in Q&AI

“Superintelligence” has become the buzzword in AI circles, reports Shirin Ghaffary in this week’s Q&AI. Instead of labeling AI that can perform as well as humans as AGI, or artificial general intelligence, now industry leaders are talking about superintelligence, or AI that can perform tasks better than people, she writes. The term is being used so much that Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg has named his company’s AI effort Meta Superintelligence Labs.

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