San Francisco AI lab Zyphra raises $500M at $5B valuation with AMD backing to build open-weight models and cloud infrastructure using non-Nvidia chips amid U.S. push for DeepSeek alternatives.

Artificial Intelligence Lab Zyphra Raising $500 Million To Challenge Nvidia Dominance

AMD logo displayed on a phone screenNurPhoto via Getty ImagesZyphra, an American artificial intelligence model developer, is raising $500 million in a new funding round that includes commitment from chipmaker AMD, sources told Forbes. The valuation will be at least $5 billion, some of them said.AMD did not respond to requests for comment. Zyphra declined to comment.San Francisco-based Zyphra develops advanced, open-weight artificial intelligence models and offers cloud infrastructure services. W...