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You could have invested a lot of money in AI chip startups several years ago. "Us going up against them is insane," said Thomas Sohmers, CEO of Positron AI, a chip startup that emerged from stealth a few months ago. "The model of AI chip startups needing to raise 10s to 100s of millions of dollars before they actually test product market fit is insane," he added. TigrisOpenAI's Altman may also be working on an AI chip startup of his own. So it stands to reason that Masa has been trying to raise money for an AI chip startup.
Persons: , Graphcore, Thomas Sohmers, Nvidia Thomas Sohmers, Sohmers, Groq, Googlers, Puneet Kumar, Mark Hayter, Rivos, Andrew de los Reyes, Gavin Uberti, Chris Zhu, Nvidia's, OpenAI's Sam Altman, OpenAI's Altman, Altman, Masa, Softbank, Son Organizations: Service, Microsoft, Samsung, Business, Nvidia, MediaNews, Boston Herald, Getty, MIT, Google, Chrome, Matrix Capital, Intel, Harvard, Bloomberg News, Bloomberg Locations: Silicon Valley, Swiss, Groq, GroqWare, WeWork
Etched, founded by Harvard dropouts Gavin Uberti, left, and Chris Zhu, has attracted funding from Primary Venture Partners and other investors. Photo: EtchedEtched , a startup that has designed a more specialized, less power-intensive chip for running generative AI models, is expected to announce Tuesday that it raised $5.36 million in a seed round led by Primary Venture Partners. San Francisco-based Etched, founded by a pair of Harvard dropouts, hopes to bring its Sohu chip to market in the third quarter of 2024 and aims to sell to major cloud providers. The seed round valued Etched at $34 million.
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