Etched Raises $120M in Funding to Expand AI Chip Development - Significant Funding Secured: Etched, based in Cupertino, CA, raised $120 million in a funding round led by Primary Venture Partners and Positive Sum Ventures. - Innovative AI Chip: The company is known for its transformer-specialized AI chip, Sohu, which supports transformer inference for models from major AI companies. - Expansion Plans: The funds will be used to expand operations and further develop their AI chip technology. Subscribe to our daily newsletter here for more AI news https://lnkd.in/d-BJ_6eb #Technology #AI #Innovation #Entrepreneurship #VentureCapital #Startups #BigData #Engineering #Analytics #Productivity
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Recently, (Client) Enfabrica raised $115M to develop a new chipset to revolutionize AI tech. The breakthrough is expected to hit the market in 2025. Check out how their team is reinventing the AI chip market from Stephen Nellis in Reuters: https://lnkd.in/gnFzrnx3 #AI #TechNews #TechFunding #Semiconductors #TechPr
AI startup Enfabrica raises $115 million, plans to release chip next year
reuters.com
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Owning a GPU isn’t enough; using it to accelerate your AI development can make you a market leader. The startup InfinitiesSoft Solutions Inc. and its product, AI-Stack, are designed to help enterprises enhance their AI applications and seamlessly integrate AI development tools, saving time and efficiently deploying AI environments. Recently, InfinitiesSoft Solutions Inc. successfully secured $3 million in funding from investors including Delta Electronics subsidiary Delta Capital, Industrial Technology Research Institute (ITRI)(工業技術研究院, 工研院) (ITRI) subsidiary Industrial Technology Investment Corporation (ITIC), and Hsin Sheng Capital. InfinitiesSoft Solutions Inc. CEO Wenyu Chen stated that this round of funding will be used to accelerate collaborations with international industry leaders, thereby expanding market presence across Asia and globally, making InfinitiesSoft Solutions Inc.’s future development highly anticipated. 🔎learn more about InfinitiesSoft Solutions Inc. and their future development with Meet Global👉https://pse.is/5yft22 #InfinitiesSoft #AIStack #GPU #AI #Startups #Innovation
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RunPod Nets $20M for Global AI Deployment - Substantial Seed Funding for RunPod: RunPod, a New Jersey-based tech company, successfully raised $20M in seed funding led by Intel Capital and Dell Technologies Capital. - Strategic Board Addition: Mark Rostick from Intel Capital joins RunPod’s board of directors, potentially guiding the company’s strategic direction. - Expansion of Services and Operations: The funding will support RunPod’s expansion and enhance its GPU cloud platform, which allows developers to deploy AI applications globally. Subscribe to our daily newsletter here for more AI news https://lnkd.in/dXkwHM6X #Technology #Startups #Entrepreneurship #VentureCapital #CloudComputing #ArtificialIntelligence #SoftwareEngineering #Innovation #Funding #DigitalMarketing #AI
RunPod Nets $20M for Global AI Deployment
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Can the rise of 5G technology pave the way for revolutionary advancements in AI? Hailo startup, recently secured $136 million in funding to develop AI deep learning chips tailored for the demands of 5G networks. In a world propelled by lightning-fast connectivity, the potential for AI-driven solutions is boundless. But with great power comes great responsibility. Are we prepared to harness these technologies ethically and sustainably? As we ride the wave of technological progress, let's not forget the human element. How do you envision the intersection of 5G and AI shaping our future? Share your thoughts below! #AI #5G #Innovation Crunchbase
Hailo Raises $120M In Latest Sign Of Chip Investing Frenzy
news.crunchbase.com
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High training costs can create significant barriers for smaller startups, enabling only well-funded organisations and tech giants to develop advanced AI models. What intrigues me is whether this trend will lead to a consolidation of power within the AI industry. Such consolidation could potentially stifle innovation and reduce diversity in technology development. The implications of this consolidation are worth exploring—could it shape the future landscape of AI in ways that we haven’t yet fully anticipated?
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𝗔𝗜 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗮𝗿𝗲 𝗺𝗮𝗸𝗶𝗻𝗴 𝘄𝗮𝘃𝗲𝘀 𝗶𝗻 𝗡𝗲𝘁𝗔𝗽𝗽 𝗘𝘅𝗰𝗲𝗹𝗹𝗲𝗿𝗮𝘁𝗼𝗿 𝗖𝗼𝗵𝗼𝗿𝘁 𝟭𝟯, 𝘀𝗵𝗼𝘄𝗰𝗮𝘀𝗶𝗻𝗴 𝗵𝗼𝘄 𝗱𝗮𝘁𝗮 𝗰𝗮𝗻 𝗱𝗿𝗶𝘃𝗲 𝘂𝗻𝗽𝗮𝗿𝗮𝗹𝗹𝗲𝗹𝗲𝗱 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻. It's fascinating to see how data, when leveraged correctly, becomes the backbone of AI advancements. NetApp Excellerator supports these startups, underscoring the critical role data plays. Startups can harness these insights to fine-tune AI algorithms, leading to more efficient, accurate, and innovative solutions. The emphasis on real-time data processing is a notable trend. With a solid data foundation, these startups can transform industries, optimize operations, and create groundbreaking applications. Data empowerment is pivotal for AI's success. What other areas do you think could benefit from robust AI and data synergy? Share your thoughts below #AI #data #innovation #NetAppExcellerator #startups #AIalgorithms #realtimeprocessing #datadriven #datascience #dataanalytics #industrytransformation
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Startup Founders Prioritize R&D, AI, Manufacturing EP Briefs | The Economic Post | The Economic Club of India Tech leaders urge government continuity in facilitating policy and infrastructure for India's tech sector growth, emphasizing R&D investment, AI infrastructure, and support for startups and domestic champions. #Startup #infrastructure #technology For details, refer the link ➟ https://lnkd.in/et9MVzqy
Startup Founders Prioritize R&D, AI, Manufacturing
indiaeconomicclub.org
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Revolutionizing #Hardware #Startups with #AI. In the crowded world of tech startups, a notable trend is the pivot towards AI or the integration of AI components into existing products. It's an exciting time, signaling a broader acceptance of technology's potential to reshape industries. While some may wonder if these startups are genuinely rooted in AI or if 'AI' is becoming more of a #buzzword, the importance of this shift shouldn't be undervalued. Even the simplest form of #automation enhancements represents a significant step towards innovation and efficiency. Incorporating AI elements, no matter how minor, can dramatically improve processes and outcomes. This movement towards AI, whether foundational or incremental, underscores the industry's readiness to embrace the transformative power of artificial intelligence. Join us as we pave the way in developing a new hardware startup world powered by AI, science, technology, and innovation. At iForce Innovation, we help hardware startup founders to build their first product, from paper to #physical #product.
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Arm Set to Enter AI Chip Market Next Year - AI Chip Development: Arm Holdings plans to develop its own AI chips, with a prototype expected by spring 2025 and mass production starting later that year. - Significant Investment: Arm will shoulder development costs in the hundreds of billions of yen, with financial support from SoftBank. - SoftBank’s AI Vision: SoftBank aims to build data centers using Arm chips and expand into power generation, targeting an AI revolution. Subscribe to our daily newsletter here for more AI news https://lnkd.in/d3Qryj73 #Innovation #Technology #Future #Futurism #Entrepreneurship #Startups #VentureCapital #artificialintelligence #hardware #engineering #AI
Arm Set to Enter AI Chip Market Next Year
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Nvidia’s Jensen Huang says AI hallucinations are solvable, artificial general intelligence is 5 years away #startup #fundraising #angelinvestor #investments #VentureCapital #vc #Entrepreneurship #venturefunding #investing #TechNews #Innovation #technology https://tcrn.ch/3vimBAv
Nvidia's Jensen Huang says AI hallucinations are solvable, artificial general intelligence is 5 years away | TechCrunch
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