🧠 A six-month-old chip startup with no product is reportedly raising at a roughly $2.5 billion valuation.Reuters reporte...

🧠 A six-month-old chip startup with no product is reportedly raising at a roughly $2.5 billion valuation.Reuters reported Oct 9 that Nuvacore, a San Jose company, is raising hundreds of millions to build a CPU for data centers. It was founded by Gerard Williams, who led Apple's A-series CPU work, along with John Bruno and Ram Srinivasan.Williams has done this before. He sold his previous startup, Nuvia, to Qualcomm for $1.4 billion in 2021, before Nuvia shipped a product.The unusual part is the method. Nuvacore designs the core first and picks the instruction set afterward, rather than starting from x86 or Arm.Why CPUs matter now: AI agents use the CPU to take actions, and Nvidia's CFO has said CPU revenue should reach about $20 billion this year, counting standalone chips and CPUs inside its superchips.Investors have also put about $10.7 billion into semiconductor startups in the first five months of 2026, on track to pass last year's total.Sources:https://wol.com/2026/10/10/exclusive...