Founded for just one year, and the valuation has already been discussed at $10 billion.
Three former leaders of Tesla’s Dojo project left last year along with about 20 engineers to start an AI chip company, DensityAI. According to The Information, it is currently in talks for a new round of financing: raising several hundred million dollars, with a16z interested in leading the investment and a post-money valuation of around $10 billion.
The biggest bargaining chip in this round is that it has already pre-locked major customers’ “intent orders”: the report says DensityAI has signed a conditional purchase agreement with AWS—if the chip performance meets the targets, AWS will purchase. Before the silicon has even truly taped out, it has already secured the buyers.
The arms race for AI hardware—how fast the money gets burned is truly outrageous.
Source: The Information; DCD / CryptoBriefing’s report recap (curated and remixed)
#AI #chip
Three former leaders of Tesla’s Dojo project left last year along with about 20 engineers to start an AI chip company, DensityAI. According to The Information, it is currently in talks for a new round of financing: raising several hundred million dollars, with a16z interested in leading the investment and a post-money valuation of around $10 billion.
The biggest bargaining chip in this round is that it has already pre-locked major customers’ “intent orders”: the report says DensityAI has signed a conditional purchase agreement with AWS—if the chip performance meets the targets, AWS will purchase. Before the silicon has even truly taped out, it has already secured the buyers.
The arms race for AI hardware—how fast the money gets burned is truly outrageous.
Source: The Information; DCD / CryptoBriefing’s report recap (curated and remixed)
#AI #chip
