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Tech Across the Globe

AI restrictions: Advanced Micro Devices, the chipmaker challenging Nvidia in the market for artificial intelligence processors, said restrictions on the sale of those chips to China will cost the company $1.5 billion in revenue this year. 

Microsoft products: Microsoft, trying to stir interest in its AI software, introduced two lower-end versions of its Surface devices that can use those tools — a 13-inch laptop and a 12-inch tablet.

OpenAI purchase: OpenAI has agreed to buy Windsurf, an AI-assisted coding tool formerly known as Codeium, for about $3 billion, the ChatGPT maker’s largest acquisition to date.

Revalued

Wonder, the food hall company that owns Grubhub and Blue Apron, is said to be valued at more than $7 billion — twice as much as in 2022 — after raising $600 million in new financing. The funding brings the company closer to creating what Chief Executive Officer Marc Lore calls a “super app for mealtime.”

Must Read

SimpleClosure is a startup that tries to give “peace of mind” to struggling fellow startups that need to wind down and shut operations, co-founder and Chief Executive Officer Dori Yona tells Kate Clark in today’s Tech In Depth. The company expects to help 1,500 startups close this year — triple the amount of a year ago, Clark reports. 

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This Week in Q&AI

OpenAI’s announcement that it would no longer seek to become a full for-profit company doesn’t end the complicated corporate restructuring for the artificial intelligence firm, reports Shirin Ghaffary in today’s Q&AI. The company’s plan, which hasn’t yet been fully unveiled in public, will need the approval of investors such as Microsoft and state attorneys general in California and Delaware, she reports.

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