Entrepreneur | Build... • 5m
🔥 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 unprofitable—with a reported loss of $87.5 million on $3.8 million in revenue in 2023—Blaize 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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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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Microsoft is investing $3 billion in India to improve AI and cloud computing. This will help more businesses use AI. Microsoft will train 10 million people in India on AI to create a more skilled workforce. They're building more data centers
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Leading Chinese AI chip manufacturer Cambricon Technologies has announced its first-ever quarterly profit. This significant event coincides with growing US export restrictions that limit Chinese businesses' access to cutting-edge technology. The acco
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India should focus on fine-tuning existing AI models and building applications rather than investing heavily in foundational models or AI chips, says Groq CEO Jonathan Ross. Is this the right strategy for India to lead in AI innovation? Thoughts?
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