- MatX, a startup founded in 2023 by former Google TPU engineers, has successfully raised $500 million in funding.
- The capital will be used to develop competitive AI chip technologies aimed at disrupting the market dominated by Nvidia.
- This significant investment highlights the growing interest and potential in the AI hardware sector.
AI chip startup MatX secures $500 million funding to challenge Nvidia
MatX, a startup founded in 2023 by former Google TPU engineers, has successfully raised $500 million in funding. The capital will be used to develop competitive AI chip technologies aimed at disrupting the market dominated by Nvidia. This significant investment highlights the growing interest and potential in the AI hardware sector.
Subscribe to NBW newsletter
more AI news
Hackers exploit ChatGPT Custom GPTs in new ClickFix scheme
Hackers are leveraging ChatGPT Custom GPTs in a ClickFix campaign to deceive users into executing malware, leading to multiple infections.
OpenAI Unveils Dots: The New AI Helpers That Never Sleep
OpenAI’s new AI agents, Dots, aim to be proactive helpers, as CEO Sam Altman announces innovations while avoiding security discussions.
Amazon cuts ties with Meta’s Muse AI over transparency issues
Amazon has terminated its partnership with Meta’s Muse AI shopping agent, citing concerns over the agent’s credentials and transparency. This decision reflects Amazon’s commitment to safeguarding its customer journey and maintaining control over its retail ecosystem. The move highlights the ongoing scrutiny of AI tools in e-commerce and their impact on customer trust.
Claude Opus 5 Exploited in OpenAI Account Takeover
Hacktron researchers used Claude Opus 5 to exploit vulnerabilities, gaining unauthorized access to OpenAI staff accounts through chained flaws.
Samsung’s AI Appliances Surge in India as Young Consumers Drive Demand
India has become a key market for Samsung’s AI appliances, with a massive increase in connected devices driven by younger consumers.
Bata invests heavily in digital marketing and embraces AI-driven production
Bata India is redirecting 45% of its marketing budget towards digital initiatives, signaling a shift in strategy as it exits traditional retainer creative agencies. The company is leveraging AI-generated campaigns and targeting younger consumers, with a marketing team averaging under 30 years old. This transformation aims to resonate with Gen Z through innovative advertising techniques and festive promotions tailored to specific regions.