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Hailo lands $120 million to keep battling Nvidia as most AI chip startups struggle

TechCrunch · 1y ago

Hailo lands $120 million to keep battling Nvidia as most AI chip startups struggle

Hailo, an AI chip startup, is making headway in the competitive AI chip market, acquiring over 300 customers in industries such as automotive, security, retail, and medical devices. The company designs specialized chips that execute AI tasks with lower memory usage and power consumption, making them suitable for edge devices. Hailo recently secured $120 million in funding to leverage future opportunities and drive long-term growth. While facing challenges from established chip giants like Nvidia, Hailo's accelerator chips are seen as necessary for efficient AI processing as the demand for edge AI applications grows.

Related News

Biden administration puts quotas on global AI chip sales

Arstechnica

Arstechnica · 7m ago

Biden administration puts quotas on global AI chip sales

The U.S. government has introduced new regulations dividing the world into three tiers of AI chip access. Eighteen close allies face no restrictions, while 120 countries face export limits. The rules aim to prevent the misuse of AI chips, fearing national security threats. Companies in allied nations can apply for "Universal Verified End User" status, while U.S. providers must keep half their computing power domestically. Nvidia criticized these measures as overly restrictive.

AI startup Etched raises $120 million to develop specialised chip

Economic Times

Economic Times · 1y ago

AI startup Etched raises $120 million to develop specialised chip

San Francisco-based startup Etched has raised $120 million in a series-A funding round to further develop its specialised chip. The chip is designed to run a specific type of AI model used by OpenAI's ChatGPT and Google Gemini. While Nvidia dominates the market for server AI chips, Etched aims to create a chip that is optimised for a specific function, known as inference, in AI computing. Backers in the funding round include former PayPal CEO Peter Thiel and Replit CEO Amjad Masad. The company has partnered with Taiwan Semiconductor Manufacturing Co. to fabricate the chips.

Nvidia is now worth more than Amazon and Alphabet

The Verge

The Verge · 1y ago

Nvidia is now worth more than Amazon and Alphabet

Nvidia has surpassed Alphabet (Google's parent company) in market capitalization, making it the world's fourth most valuable company after Microsoft, Apple, and Saudi Aramco. The chip maker's stock is now worth $1.83 trillion, just barely edging out Alphabet's $1.82 trillion market cap. Nvidia is heavily involved in the AI chip industry and its sales predominantly come from major tech companies. It is also set to release a new AI chip, the H200, with improved memory capacity and bandwidth. Additionally, Nvidia has invested $30 billion in a unit that helps other companies create custom AI chips.

There's No AI Without Nvidia. Meet the CEO Powering the Future

Wired · 1y ago

There's No AI Without Nvidia. Meet the CEO Powering the Future

Nvidia CEO Jensen Huang is at the forefront of AI technology, positioning Nvidia in front of every major tech trend. With Nvidia accounting for over 70% of sales in the AI chip market and approaching a $2 trillion valuation, Huang's strategic decision-making and leadership have propelled the company's success. However, Nvidia faces competition from tech giants like Google, Amazon, and Microsoft, as well as startups in the AI chip market. Huang discusses the future of AI, the challenges of export controls on selling to China, and the importance of partnerships in building AI supercomputers.

Nvidia cuts China prices in Huawei chip fight, sources say

Livemint

Livemint · 1y ago

Nvidia cuts China prices in Huawei chip fight, sources say

Nvidia's most advanced AI chip, the H20, developed specifically for the Chinese market, is facing weak demand and pressure from competitors. This is due to an abundant supply of the chip that has forced it to be priced lower than the rival chip from Huawei. The challenges faced by Nvidia's China business, including US sanctions and increased competition, raise concerns about the company's future in a market that contributed a significant portion of its revenue. Nvidia's struggle to capture market share in China's growing AI industry adds uncertainty to its outlook.

How much are Nvidia's rivals investing in startups? We investigated

TechCrunch · 1y ago

How much are Nvidia's rivals investing in startups? We investigated

Nvidia has significantly increased its investments in AI startups in recent years, with funding and investment rising by 280% from 2022 to 2023. Competitors AMD, Arm, and Intel are also investing in startups to gain ground in the AI chip space. Intel, with its VC arm Intel Capital, has the largest startup investment operation, deploying over $350 million across its investments in 2023. Arm made four direct investments in startups and six through Deeptech Labs. AMD's VC arm, AMD Ventures, made a handful of investments but plans to accelerate further in 2024, focusing on the AI ecosystem. Overall, Nvidia leads in investments, with its rivals playing catch-up.

OpenAI’s secret weapon against Nvidia dependence takes shape

Arstechnica

Arstechnica · 6m ago

OpenAI’s secret weapon against Nvidia dependence takes shape

OpenAI is developing its first custom AI chip to reduce dependency on Nvidia. Partnering with TSMC for production, the chip aims primarily at running AI models rather than training. Led by former Google chip designer Richard Ho, the $500 million project may start mass production in 2026. OpenAI joins tech giants like Microsoft, Amazon, and Google in creating proprietary chips to reduce costs and tackle shortages of Nvidia GPUs.

Why Microsoft's Satya Nadella had to step in amid 'chip feud' with Nvidia

Livemint

Livemint · 1y ago

Why Microsoft's Satya Nadella had to step in amid 'chip feud' with Nvidia

Microsoft CEO Satya Nadella intervened in a dispute between Microsoft and Nvidia over the design of an AI chip, according to The Information. The conflict arose from Nvidia CEO Jensen Huang's desire to control the distribution and installation of chips, potentially affecting Microsoft's ability to switch to different AI chips. The disagreement was only resolved when it reached Nadella's desk, and he reportedly made Nvidia roll back their demands. Nvidia's stock fell 13% after briefly overtaking Microsoft as the world's most valuable company.

It's not just chips. Nvidia is betting on other tech that could be impacted by AI.

Business Insider

Business Insider · 1y ago

It's not just chips. Nvidia is betting on other tech that could be impacted by AI.

Nvidia, the chip maker, has seen its market cap surge past $2 trillion, making it one of the three largest companies in the world. The company's success is attributed to advancements in artificial intelligence (AI) that require its graphics processing units (GPUs). In addition to focusing on chip manufacturing, Nvidia has been investing in AI-focused startups across various industries, including healthcare and pharmaceuticals. These investments have proven successful, with the company's holdings worth $1.55 billion as of January. By supporting these ventures, Nvidia aims to strengthen its ecosystem and further fuel demand for its chips.

Meta trials in-house AI chip to reduce reliance on external suppliers: Report

YourStory

YourStory · 5m ago

Meta trials in-house AI chip to reduce reliance on external suppliers: Report

Meta is testing its first in-house AI chip to reduce reliance on suppliers like NVIDIA. Collaborating with a Taiwanese manufacturer, Meta aims to cut AI infrastructure costs. The chip is specialized for AI tasks, initiated after completing a crucial design milestone. Previously, Meta abandoned a custom chip, favoring NVIDIA GPUs. Despite this, Meta remains a significant NVIDIA customer. Meanwhile, Microsoft seeks alternatives for AI models, evaluating options to potentially rival OpenAI.

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