Samsung Joins $230 Million Funding Round for AI Chip Startup Euclyd
Dutch chipmaker Euclyd secures investment from Samsung and others as demand grows for alternatives to Nvidia's AI processors
Samsung has joined a group of investors backing Euclyd, a Dutch startup developing chips positioned as an alternative to Nvidia's dominant artificial intelligence processors, according to a report by CNBC.
The funding round totaled $230 million and was co-led by Samsung alongside Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries, CNBC reported.
The investment comes amid a broader push by technology companies and investors to fund alternatives to Nvidia's graphics processing units, which currently dominate the market for chips used to train and run AI systems, according to the report.
Details on Euclyd's specific technology, product roadmap or valuation following the round were not disclosed in the available reporting. CNBC did not specify how the new capital would be used or when Euclyd's products might reach the market.
Samsung's participation reflects growing interest among major technology firms in diversifying the AI chip supply chain beyond Nvidia, whose processors have become central to the AI computing boom, per the report.
Sources
- Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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