Lots has happened this past week in the tech world! With SoftBank obtaining the chip designer Ampere, GrubMarket reaching $3.5 billion in value, and more, there’s much to catch up on. So, let’s get started!
Softbank Obtains Chip Designer Ampere
SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a startup known for designing an Arm-based server chip, for $6.5 billion. The Japanese conglomerate anticipates the deal will close in the latter half of 2025, according to a statement.
Both Carlyle Group and Oracle have agreed to sell their respective shares in Ampere, which will continue to operate as an independent subsidiary with its tech headquarters remaining in Santa Clara, California, as stated by SoftBank.
GrubMarket Reaches $3.5 Billion Value
GrubMarket, a food logistics company, announced on Tuesday that it has secured $50 million in a Series G funding round, bringing the San Francisco-based company’s valuation to over $3.5 billion.
The latest funding round includes investments from Liberty Street Funds, 3Spoke Capital, ROC Venture Group, Portfolia, Pegasus Tech Ventures, Joseph Stone Capital, and other undisclosed investors.
Google Acquires Startup Wiz
On Tuesday, Google announced it had entered into a “definitive agreement” to acquire Wiz, a cloud security tech startup based in New York, for $32 billion in an all-cash transaction.
This marks Google’s largest acquisition to date and is aimed at enhancing its security technologies in an era of evolving artificial intelligence and growing cybersecurity threats. Wiz will be integrated into Google’s cloud division, with the deal expected to close in 2026.
Tesla Recalls 46,000 Cybertrucks
Tesla is recalling over 46,000 of its Cybertrucks due to a cosmetic exterior trim panel that may “delaminate and detach from the vehicle,” posing a potential road hazard and “increasing the risk of a crash.”
The recall involves an exterior component called the cant rail, affecting all Cybertruck models produced between November 2023 and February 2025, according to a filing with the National Highway Traffic Safety Administration.
FTC Sues Amazon Automation Company
The Federal Trade Commission is taking legal action against an e-commerce company accused of deceiving consumers out of millions of dollars through a “passive income” scheme. The company allegedly set up Amazon storefronts on behalf of customers, promising “insane returns” higher than those of the stock market.
On Tuesday, the FTC filed a lawsuit against the company Click Profit, along with its co-founders Craig Emslie and Patrick McGeoghean, and two other business associates. The commission has also requested a judge to temporarily halt their business activities.
