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Hailo lands $120 million to keep battling Nvidia as most AI chip startups struggle
The funding climate for AI chip startups, once as sunny as a mid-July day, is beginning to cloud over as Nvidia asserts its dominance. According to a
Hailo, co-founded in 2017 by Orr Danon and Avi Baum, previously CTO for wireless connectivity at the microprocessor outfit Texas Instruments, designs specialized chips to run AI workloads on edge devices. Hailo’s chips execute AI tasks with lower memory usage and power consumption than a typical processor, making them a strong candidate for compact, offline and battery-powered devices such as cars, smart cameras and robotics. One expert, Christos Kozyrakis, Stanford professor of electrical engineering and computer science, thinks so — he believes accelerator chips like Hailo’s will become “absolutely necessary” as AI proliferates.
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