AI Chipmaker D-Matrix Valued at $2 Billion With Investments From Qatar, Singapore’s EDBI
PositiveArtificial Intelligence

D-Matrix Corp., a Microsoft-backed AI chip startup, recently secured $275 million in funding from notable investors such as Qatar Investment Authority and Singapore’s EDBI, elevating its valuation to $2 billion. This investment reflects a broader trend in the technology sector, where significant capital is being funneled into AI innovations. The involvement of major investors underscores the strategic importance of AI technology in driving future advancements and economic growth. As companies increasingly rely on AI for efficiency and innovation, D-Matrix's success could pave the way for further developments in AI chip technology, potentially influencing various industries and enhancing competitive dynamics in the tech landscape.
— via World Pulse Now AI Editorial System