AI Summary15 Sept 20264 Rabiʻ II 1448 AH
AI Summary
15 Sept 20264 Rabiʻ II 1448 AH
Samsung Supports Euclyd with €200 Million Funding Round
Samsung has supported the Dutch startup Euclyd in a funding round of €200 million, approximately $230 million, as investments in alternatives to Nvidia chips for AI applications increase.
Samsung led the round alongside Somerset Capital Partners and the Scaleup Europe Fund, with Euclyd announcing that the funding will accelerate the development of its infrastructure for core AI models. Founded in 2024, the company is developing an AI chip system based on a different architecture than GPUs.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
Samsung Supports Euclyd with €200 Million Funding Round
Samsung has supported the Dutch startup Euclyd in a funding round of €200 million, approximately $230 million, as investments in alternatives to Nvidia chips for AI applications increase.
Samsung led the round alongside Somerset Capital Partners and the Scaleup Europe Fund, with Euclyd announcing that the funding will accelerate the development of its infrastructure for core AI models. Founded in 2024, the company is developing an AI chip system based on a different architecture than GPUs.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
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