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Apple lawsuit behind it, chip startup Rivos plots its next moves
Rivos, a startup developing custom chips for AI and data analytics workloads, has raised over $250 million in a venture funding round.
Rivos on Tuesday announced that it raised over $250 million in an oversubscribed, extended Series A led by Matrix Capital Management with participation from chip giants including Intel (via its corporate VC division) and MediaTek. Rivos’ chip features what Kumar describes as a “data parallel accelerator” to speed up AI- and big data-related computations, essentially a GPU designed for purposes beyond graphics processing. Graphcore, which reportedly had its valuation slashed by $1 billion after a deal with Microsoft fell through, a few months ago said that it was planning job cuts due to the “extremely challenging” macroeconomic environment.
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