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FuriosaAI Raises $125 Million in Bid to Become Nvidia (NVDA) Challenger

FuriosaAI Inc., the Seoul-based semiconductor startup seeking to challenge Nvidia Corp., secured $125 million in a financing round to accelerate production of its artificial intelligence chip. The round exceeded its target of about $80 million and drew investors including the Korea Development Bank, Industrial Bank of Korea, Keistone Partners and Kakao Investment, the company said in a statement. FuriosaAI’s latest valuation stands at $735 million....

Read more at bloomberg.com

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