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Industry

Nvidia unveils NVHBM to design HBM controller in-house

Nvidia will bring high-bandwidth memory control circuitry into its own design with NVHBM, adding the technology to its NVLink Fusion interconnect, it said on Aug. 26. The company said it will set a standard implementation and have major memory partners validate and supply it. Nvidia said integrating a custom controller into the HBM base die can boost bandwidth up to 30 percent and cut HBM power use 15 percent, while freeing up to 25 percent die area on the XPU.

Crypto

U.S. OCC conditionally approves World Liberty trust bank charter, opening path to directly manage USD1

The U.S. Office of the Comptroller of the Currency has conditionally approved a national trust bank charter application by World Liberty Financial, a crypto firm linked to the Trump family. The company can operate as World Liberty Trust Company, National Association if it meets regulatory and policy requirements. The move has drawn conflict-of-interest criticism and Democratic pushback, while lawmakers also raise concerns about foreign-linked funding and related transactions.

AI & Enterprise

Databricks annualised revenue tops $7 billion

Databricks said on Thursday its annualised revenue had exceeded $7 billion. The company said it grew by more than 80 percent in the second quarter from a year earlier and completed a $5 billion strategic investment round that valued it at $190 billion. Databricks said it will use the funds to accelerate innovation in core AI products including Lakebase, Genie and Unity AI Gateway. Coatue led the round, with Blackstone, MGX and T. Rowe Price Associates participating.