Hailo lands $120 million to keep battling Nvidia as most AI chip startups struggle

This post is by Kyle Wiggers from TechCrunch

The funding climate for AI chip startups, once as sunny as a mid-July day, is beginning to cloud over as Nvidia asserts its dominance. According to a recent report, U.S. chip firms raised just $881 million from January 2023 to September 2023 — down from $1.79 billion in the first three quarters of 2022. AI […] © 2024 TechCrunch. All rights reserved. For personal use only.