Some purchases by bullish investors boosted the valuation in recent months, ahead of Neuralink's May 25 announcement that US regulators had approved a human trial on its brain chip, the sources said.

The preliminary deal was announced by Israel’s finance ministry and Prime Minister Benjamin Netanyahu on Sunday. Intel confirmed the company’s “intention to expand manufacturing capacity in Israel,” where it is already active, but didn’t specify the terms or provide other details.

Berlin has agreed to subsidies worth nearly 10 billion euros with the US chipmaker, a person familiar with the matter said.

Reddit is facing a backlash after its CEO announced that third party app developers must pay to access its API and data. This has led to protests, with thousands of subreddits going 'dark.' Developers like Christian Selig, creator of Apollo, feel devastated. In an exclusive interview with CNBC-TV18, Selig talks about conflicting emotions, unviable finances and on a brighter note, his plans for a future with virtual pet app Pixel Pals.