A VC flies solo

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Tech Across the Globe

AI chip deals: Nvidia, the leading maker of AI processors, and rival Advanced Micro Devices announced deals to supply chips to Saudi Arabia for massive data centers for artificial intelligence work. Meanwhile, the Trump administration may let the UAE buy more than a million of Nvidia's advanced AI chips, which would far exceed Biden-era limits.

Android redesign: Google announced the biggest update to its Android mobile operating system in years, highlighted by a design that uses more springy animations and larger typography. The Alphabet Inc. company will showcase the upgrades at its annual developer conference beginning May 20.

Samsung purchase: The Japanese company announced an agreement to acquire German heating-and-cooling specialist FläktGroup Holding GmbH for €1.5 billion ($1.7 billion). The purchase bolsters Samsung in the heating, ventilation and air-conditioning market against rivals including LG Electronics.

Revalued

Owner.com, a startup making software for restaurants and other small businesses, has quintupled its market value in a year to $1 billion. The company raised $120 million in a funding round led by Meritech Capital and Headline.

Must Read

Josh Browder, founder and chief executive officer of DoNotPay, has raised a new fund for his capital venture firm, which he runs as the solo partner, Ed Ludlow reports in today's Tech In Depth. Browder said his focus on early-stage startups lets him bring a more personal touch than a large venture firm — and his effort hint at a budding trend of the solo VC, Ludlow writes.

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This Week In Soundbite

While the cost to operate in the music business is a challenge, independent labels have a flourishing ecosystem, Jeremy Sirota tells Ashley Carman in this week's Soundbite. Sirota is leaving as CEO of Merlin, a membership group for independent record labels and distributors that handles tasks from licensing to digital music services.

Sign up for the Soundbite newsletter to get exclusive reporting on podcasting, the music industry and audio trends from Ashley Carman.