AI Chip Startup Raises $1.1 Billion in Two Days, Challenging Nvidia's Dominance
Despite ongoing concerns about the AI bubble, venture capital remains enthusiastic about the AI chip sector. Within just three days this week, three startups raised over $1.1 billion, indicating that investors are optimistic about emerging forces challenging Nvidia. MatX, founded by former Google engineers, secured $500 million in funding and plans to launch its first chip, MatX One, later this year. Its focus differs from companies like Groq, which emphasize inference.
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