South Korean startup rival to Nvidia seeks $400 million valuation and plans new A.I. chip
Summary
BARCELONA, Spain — Sapeon, a South Korean artificial intelligence chip startup headquartered in California, is raising a funding round that puts its valuation above $400 million, its CEO told CNBC. Sapeon designs artificial intelligence semiconductors for data centers, for example those run by cloud computing firms. "AI solutions will grow a lot thanks to the evolution of AI services like ChatGPT," Soojung Ryu, CEO of Sapeon, told CNBC in an interview at the Mobile World Congress that aired Wednesday. It has caused a stir in the tech world, with giants from Google to Chinese firm Baidu scrambling to release their own rivals. Analysts at Bernstein expect ChatGPT to be a multi-billion dollar boon for chipmakers looking to fuel these AI models.
Classifications
AskAI Classifications
LabelsLinked Companies
