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๐ฅ The first AI chip startup to go public in 2025 will be Blaize Blaize, an AI chip startup founded by former Intel engineers, is set to go public on the Nasdaq through a SPAC deal on January 16, 2025. Established in 2011 and headquartered in El Dorado Hills, California, Blaize focuses on manufacturing AI chips for edge applications, such as security cameras and drones, rather than for large data centers like its competitor Nvidia. Despite being unprofitableโwith a reported loss of $87.5 million on $3.8 million in revenue in 2023โBlaize has secured $400 million in potential deals, including a significant contract with a defense entity in the EMEA region. CEO Dinakar Munagala anticipates the company will be valued at $1.2 billion after the merger. Blaize aims to capitalize on the growing demand for AI technology integrated into physical products, emphasizing practical real-world applications.
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ANNOUNCEMENT: Hello all, I'm Dr.Shubham Jarande, founder of VERNAL-Q, an AI chip designing startup. I'm a business expert with years of expertise in business administration and execution in tech industries. With a vision and ambition to be the rev
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Accenture Acquires Excelmax, Boosts Chip Design Powerhouse Accenture acquired Excelmax Technologies, a Bangalore-based chip design company, on July 8th. This move strengthens Accenture's chip design capabilities, adding talent and expertise in area
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Amazon Offers $110M in Grants to Boost AI Research with Trainium Chips ๐ฅ Amazon Web Services (AWS) launches a $110 million grant program to support AI research, offering credits and up to $500,000 in funding for AI researchers. The initiative ai
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๐คฏ $800M Rejection! FuriosaAI Bets on Itself! AI chip startup FuriosaAI from South Korea said NO to an $800 MILLION offer from Meta! ๐ฒ They're building their own AI inference chips and aren't backing down from giants like Nvidia. Funding round h
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It's huge for quantum computing - Microsoft CEO Satya Nadella has announced โฌ๏ธ( Quantum computing is the next big thing after AI) โก๏ธthe worldโs first quantum chip powered by a new Topological Core architecture that it expects will realize quantum co
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Microsoft is investing $3 billion in India to improve AI and cloud computing. This will help more businesses use AI. ย Microsoft will train 10 million people in India on AI to create a more skilled workforce. ย They're building more data centers
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