With $125 Mn haul, Mythic Wants to Take on NVIDIA GPUs with 100x Energy-Efficient AI Chips
PositiveArtificial Intelligence
- Mythic has secured $125 million in funding to develop AI chips that are claimed to be 100 times more energy-efficient than current NVIDIA GPUs. The company aims to deploy these chips across various sectors, including data centers, automotive systems, robotics, and defense, marking a significant step in the competitive AI hardware landscape.
- This funding is crucial for Mythic as it seeks to challenge NVIDIA's dominance in the GPU market, particularly in the AI sector, where energy efficiency is becoming increasingly important. The investment will enable Mythic to accelerate its research and development efforts, potentially reshaping the future of AI computing.
- The move comes at a time when NVIDIA is experiencing substantial growth, with reported revenues reaching $57 billion, and has recently gained approval to export AI chips to China. This competitive dynamic highlights the ongoing race among tech companies to innovate in AI technologies, as firms like Google and Microsoft also invest heavily in AI capabilities, further intensifying the market landscape.
— via World Pulse Now AI Editorial System
