FuriosaAI rejects Meta’s $800 mn acquisition bid as South Korean agency gears as much as problem NVIDIA – Firstpost
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FuriosaAI is seeking to increase roughly $48 million this month and the agency has already opened talks with buyers. As of now, the South Korean startup has developed two AI chips, known as Warboy and Renegade (RNGD), because it hopes to place up a combat in opposition to NVIDIA.
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South Korean synthetic intelligence chip startup FuriosaAI has reportedly rejected a $800 million acquisition provide from US tech big Meta. It was reported in native media that disagreements over organisation’s construction and future ambitions led to the collapse of the negotiations and never the worth.
FuriosaAI is touting itself as a possible competitor to NVIDIA Company within the world semiconductor trade. Based by June Paik, a former worker of Samsung and AMD, FuriosaAI develops chips particularly designed to run AI devices and programmes quicker and extra easily.
Earlier, experiences emerged in February saying that Meta and FuriosaAI have been in talks, within the backdrop of the social media big’s give attention to enhancing its AI capabilities and the event of its flagship Llama language AI fashions.
Like different tech corporations creating giant language fashions (LLMs), Meta is working to scale back its dependence on Nvidia for AI chips. Final yr, it launched its personal customized AI chips, and in January, the corporate introduced plans to take a position as much as $65 billion in 2025 to advance its AI initiatives.
CEO Mark Zuckerberg not too long ago introduced a $65 billion funding plan for this yr, together with the development of an enormous information centre and growth of Meta’s AI workforce.
The Menlo Park-based firm has additionally begun constructing its personal chips for AI workloads, together with powering advert rating and proposals on Fb and Instagram.
FuriosaAI seeking to increase $48 mn
In a separate improvement, it was reported that FuriosaAI is seeking to increase roughly $48 million this month and the startup has already opened talks with buyers.
As of now, FuriosaAI has developed two AI chips, known as Warboy and Renegade (RNGD), because it hopes to place up a combat in opposition to NVIDIA.
The startup introduced that it has accomplished testing its RNGD chips, that are optimised for reasoning fashions, in collaboration with LG AI Analysis and Aramco. LG AI Analysis is anticipated to combine these chips into its AI infrastructure, whereas the startup plans to formally launch them later this yr.
