OpenAI is buying key patents from semiconductor startup Rain AI to press ahead with its in-house AI chip development strategy. The company failed to acquire Rain AI outright but secured intellectual property to bolster hardware capabilities. The deal amount and the number of patents were not disclosed. The purchase gives OpenAI a basis to use Rain AI’s neuromorphic semiconductor technology as it seeks to reduce reliance on Nvidia GPUs and lower AI service operating costs.

Data security firm Cyera has signed a letter of intent to acquire Oasis Security in a deal worth about $1 billion. Cyera plans to integrate Oasis Security’s technology into its unified identity and data security platform after the acquisition. Oasis Security has focused on non-human identity security, mainly for AI agents. As AI agents increase, companies are adopting cyber security software to monitor them and manage access to other software.