- FuriosaAI, a South Korean chip startup founded by former Samsung and AMD employees, has raised approximately $61.94 million.
- Meta expects to spend up to $65 billion this year to advance its AI development and reduce reliance on Nvidia.
Meta is reportedly in discussions to acquire FuriosaAI, a South Korean chip firm, as part of its broader strategy to enhance its AI hardware infrastructure. The acquisition could be announced as soon as this month, according to Forbes.
FuriosaAI, a semiconductor startup founded by former employees of Samsung and AMD, specializes in developing chips designed to accelerate AI models. These include text-generating AI models like Meta’s Llama 2 and Llama 3.
By acquiring FuriosaAI, Meta aims to strengthen its AI capabilities and reduce its dependence on Nvidia, the dominant player in the AI chip market.
FuriosaAI has secured 90 billion Korean won (approximately $61.94 million) in funding from investors, including South Korean tech giant Naver. The company has also indicated that it is in discussions with potential clients in the U.S., Japan, and India, although no specific names have been disclosed.
Meta’s move aligns with its broader efforts to build in-house AI accelerator chips. The company recently announced that it expects to allocate up to $65 billion this year to support its AI development, further underlining the significance of AI in its long-term vision.
Acquiring FuriosaAI would not only provide Meta with additional AI chip technology but also potentially enhance its ability to develop and scale AI-driven applications.
Edited by Harshajit Sarmah
