AI chip startup FuriosaAI reportedly turns down $800M acquisition offer from Meta
FuriosaaA South Korean startup that makes chips for AI applications, has rejected an acquisition body of $ 800 million from meta, instead to concentrate on developing and producing its AI chips, According to a local media report.
Disagreements about business strategy after acquisition and organizational structure, instead of price problems, caused the negotiations to break down, according to the report.
Together with other technology companies that build large language models (LLMS) for different AI applications, Meta has tried to reduce its dependence on Nvidia for chips that specialize in training and building LLMS. The tech giant revealed its adapted AI chips last year, and in January said that this year it would invest up to $ 65 billion to support his AI initiatives.
Furiosaian did not respond to a request for comments. Meta did not immediately respond to a request for comments outside of regular office hours.
In the meantime, Furiosaai is Reportedly in conversations With investors to pick up around $ 48 million (WFD 70 billion) and want to complete the fundraising this month.
Founded in 2017 by June Paik, who previously worked at Samsung Electronics and AMD, has developed two AI chips called Furiosaai, called Warboy And Renegade (RNGD)To record it as Nvidia and AMD.
The startup has said that it has completed the testing of the RNGD chips, which is said to be most suitable for reasoning models, in collaboration with LG AI Research and Aramco. LG AI research is said to be planning to do that Use RNGD Chips in its AI infrastructure and the startup is planning to launch the chips later this year.
