Positron raises $230M to challenge Nvidia in AI chip race
AI chipmaker Positron has secured a $230 million Series B funding round to take on Nvidia’s dominant position in the sector. Major investors include the Qatar Investment Authority, reflecting growing global interest in diversifying AI hardware supply chains. The funds will be used to scale production and accelerate development of customizable AI chips designed for cloud and edge computing. Positron aims to offer alternatives tailored to region-specific demands and regulatory frameworks.
A significant move toward competition in the AI chip landscape, potentially reducing Nvidia’s market dominance.
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