FuriosaAI rejects Meta’s $800 mn bid as South Korean firm gears up to challenge NVIDIA
6 days, 6 hours ago

FuriosaAI rejects Meta’s $800 mn bid as South Korean firm gears up to challenge NVIDIA

Firstpost  

FuriosaAI is looking to raise approximately $48 million this month and the firm has already opened talks with investors. As of now, the South Korean startup has developed two AI chips, called Warboy and Renegade, as it hopes to put up a fight against NVIDIA. South Korean artificial intelligence chip startup FuriosaAI has reportedly rejected a $800 million acquisition offer from US tech giant Meta. CEO Mark Zuckerberg recently announced a $65 billion investment plan for this year, including the construction of a massive data centre and expansion of Meta’s AI workforce. FuriosaAI looking to raise $48 mn In a separate development, it was reported that FuriosaAI is looking to raise approximately $48 million this month and the startup has already opened talks with investors.

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Today’s Cache | Microsoft’s $2.9 billion AI investment in Japan; Intel’s Gaudi 3 AI chip to launch this year; TSMC boosts US chip production with $11.6 billion grants
11 months, 2 weeks ago

Today’s Cache | Microsoft’s $2.9 billion AI investment in Japan; Intel’s Gaudi 3 AI chip to launch this year; TSMC boosts US chip production with $11.6 billion grants

The Hindu  

Microsoft invests $2.9 Billion in Japan for AI development Microsoft plans to invest $2.9 billion in Japan over the next two years, to enhance the country’s AI capabilities and bolster cybersecurity against threats from China and Russia. While earlier versions of Intel’s Gaudi AI chips didn’t gain significant market share, the company anticipates that the new model will have a …

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