FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia Corp., has sealed its first major contract months after rejecting an $800 million acquisition offer from Meta Platforms Inc. The startup won final approval for its AI chip RNGD (pronounced “Renegade”) from LG AI Research after seven months of rigorous evaluation spanning performance and efficiency. The larger Korean company will use the chip to power its Exaone large-language models, FuriosaAI Chief Executive ...