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AI chip startup FuriosaAI reportedly turns down $800M acquisition offer from Meta
FuriosaAI, a South Korean startup that makes chips for AI applications, has rejected an $810 million acquisition offer from Meta.
Disagreements over post-acquisition business strategy and organizational structure, rather than price issues, caused the negotiations to break down, the report said. Meanwhile, FuriosaAI is reportedly in talks with investors to raise approximately $48 million (KRW 70 billion), and aims to complete the fundraise this month. The startup has said it has completed testing the RNGD chips, which are said to be best suited for reasoning models, in partnership with LG AI Research and Aramco.
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