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AI chip startup MatX, founded by Google alums, raises Series A at $300M+ valuation, sources say

MatX, a startup designing chips that support large language models, has raised a Series A of approximately $80 million, three sources say, less than a

The pair told Bloomberg that the company’s goal is to make its processors ten times better at training LLMs and delivering results than NVIDIA’s GPUs. Now, Gross has cofounded a new AI company, Safe Superintelligence, with former OpenAI chief scientist Ilya Sustkever. Companies designing chips have seen an increased interest from investors amid the AI boom and stratospheric demand for NVIDIA’s processors.

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