Eindhoven-based startup Axelera has raised $68mn as it looks to take its AI chip business global. One of the lead investors is Samsung Catalyst, the venture arm of the semiconductor giant Samsung Electronics. Axelera is developing AI chips that enable computer vision and generative AI in edge devices like robots and drones. Because they’re located within the devices themselves, the AI chips can process data in milliseconds without the need to upload or download data to the cloud. This delivers high computing performance at a fraction of the cost and energy consumption of centralised AI models, said the startup. Axelera…
Read Entire Article
