After incubating a startup — Axelera AI — to commercialize their chip technology within the blockchain company Bitfury Group, Del Maffeo and team secured capital from VCs including Imec’s ...

A British startup hoping to challenge Nvidia’s dominance in chips for AI applications with a radical new hardware design has just emerged from operating in stealth with $15 million in seed ...

Groq opens a new AI data centre in Helsinki, Finland, as it expands globally to compete with Nvidia in the inference chip ...

Rain AI, a San Francisco-based chip startup backed by OpenAI CEO Sam Altman, is exploring a sale after its ambitious $150 million Series B funding round failed to secure investors. Despite early ...

President Donald Trump will announce $70 billion in artificial intelligence and energy investments in Pennsylvania on Tuesday ...

Groq, valued at $2.8 billion and backed by investors such as Samsung and Cisco, is positioning itself as a challenger to ...

In August 2024, the startup unveiled its advanced AI chip, "RNGD." The chip is positioned to challenge industry leaders such as Nvidia with a 100% power efficiency advantage over Nvidia's H100 ...

Oracle announced on Tuesday it will invest $3 billion over 5 years in AI and cloud infrastructure across Germany and the ...

An AI startup founder should be able to say what is different about the company’s approach to solving a certain problem, says Jason Chen with Mach37. Courtesy photo. Still, the “AI boom is here to ...

Investments from a range of companies will include new data centres and power generation expansion. Read more at straitstimes ...