South Korean startup rival to Nvidia seeks $400 million valuation and plans new A.I. chip
Publishing timestamp: 2023-03-01 00:24:35
Summary
Sapeon, a South Korean artificial intelligence chip startup, is raising a funding round that puts its valuation above $400 million. It designs AI semiconductors for data centers and is backed by massive South Korean firms. It is looking to challenge Nvidia, the current market leader, and will launch a 7-nanometer AI chip this year.
Sentiment: POSITIVE
Keywords: enterprise, business news, technology, nvidia corp, internet, advanced micro devices inc, cloud computing, sk telecom co ltd,