Unconventional AI, a US chip startup valued at US$4.5 billion less than a year after launch, is buying Israeli chip star...

Unconventional AI, a US chip startup valued at US$4.5 billion less than a year after launch, is buying Israeli chip startup NeuReality in a cash-and-stock deal of undisclosed value. The company is led by Naveen Rao, who earlier sold Nervana to Intel and MosaicML to Databricks, and is backed by Andreessen Horowitz, Sequoia and Jeff Bezos. Its aim is AI chips 1,000 times more energy efficient than today's, using ideas from biology rather than step-by-step logic. Rao said AI tools sped up the work: a first test chip is done and a second nearly so, years ahead of plan, so it needed a team that has shipped products. About 40 NeuReality staff will join, and the company will stay in Israel.https://www.channelnewsasia.com/business/unconventional-ai-buys-israeli-chip-startup-neureality-speed-product-development-6493726#AI #Semiconductors #Startups #Israel #Chips