NVIDIA, Intel and Google Alums Form Lemurian Labs, Raise $9M for 20X AI Throughput Boost
Summary
Toronto October 4, 2023 Lemurian Labs today announced it has secured $9 million in seed funding to develop an accelerated computing platform tailored for AI applications.The company said its platform will leverage a novel number system, referred to as PAL (parallel adaptive logarithm), to expedite AI workloads by up to 20x greater throughput at a 1/10th of the total cost of legacy GPUs. To keep up with increasingly demanding applications, GPUs are burning an exorbitant amount of power, making AI development extremely costly and environmentally unsustainable. For example, deploying GPT3 at the scale of Google search would consume 400 megawatts, enough electricity to power up to ~360K conventionally-powered homes for an entire year, with costs exceeding $100B. In addition, the demand has created chip shortages, further halting development, resulting in only a select handful of massively capitalized companies that can afford to run high-end AI models.AI models have grown in complexity and adoption at a rate so rapid that it is now stressing our current hardware infrastructure to the point of fracture, said Jay Dawani, CEO and co-founder of Lemurian Labs. The company is pioneering computing solutions of remarkable performance that redefine the boundaries of processing power, democratizing AI for broader accessibility.
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