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Stockreport

Harvard dropouts raise $120 million to take on Nvidia's AI chips [MSNBC.com]

Apple Inc. (AAPL)  More Company Research Source: MSNBC.com
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Key PointsIn this articleEtched co-founders Robert Wachen, Gavin Uberti, and Chris Zhupast $3 trillionA 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding to try and build a competitive chip and take on Nvidia in artificial intelligence.Headquartered in Cupertino, California — home to Apple —Co-founder and CEO Gavin Uberti said that as AI develops, most of the technology's power-hungry computing requirements will be filled by customized, hard-wired chips called ASICs. Their efficiency comes in executing only the AI model they were designed to perform, in contrast to general purpose graphics processing units (GPUs) from Nvidia that are more capable but are also much costlier."We're making the biggest bet in AI," Uberti said in an interview. "If transformers go away, we'll die. But if they stick around, we're the biggest company of all time."Uberti and his co-founders are aware that it's a high-risk wager, and that they're going up against som [Read more]
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Stockreport

Harvard dropouts raise $120 million to take on Nvidia's AI chips [MSNBC.com]

Apple Inc.  (AAPL) 
More Company Research Source: MSNBC.com
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Key PointsIn this articleEtched co-founders Robert Wachen, Gavin Uberti, and Chris Zhupast $3 trillionA 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding to try and build a competitive chip and take on Nvidia in artificial intelligence.Headquartered in Cupertino, California — home to Apple —Co-founder and CEO Gavin Uberti said that as AI develops, most of the technology's power-hungry computing requirements will be filled by customized, hard-wired chips called ASICs. Their efficiency comes in executing only the AI model they were designed to perform, in contrast to general purpose graphics processing units (GPUs) from Nvidia that are more capable but are also much costlier."We're making the biggest bet in AI," Uberti said in an interview. "If transformers go away, we'll die. But if they stick around, we're the biggest company of all time."Uberti and his co-founders are aware that it's a high-risk wager, and that they're going up against som [Read more]
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AAPL
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Price Change %
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%
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EVENT DAY
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LAST PRICE AT
NEWS EVENT
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Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
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%
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%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
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TICKS
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PERFORMANCE SINCE EVENT
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