EnCharge AI, a California-based startup founded in 2022, has secured $100 million in funding led by Tiger Global to advance its innovative in-memory computing AI chip. This chip reportedly delivers a twenty-fold increase in energy efficiency, allowing AI computations to occur locally on devices instead of relying on power-hungry cloud data centers. The technology builds on CEO Naveen Verma's research into non-volatile memory, which enhances device efficiency by retaining information without continuous power. EnCharge's chips hold promise for various applications, including automotive, smart retail, and industrial robotics.
EnCharge AI has developed an in-memory computing chip that improves AI energy efficiency twenty-fold, enabling local device computations without relying on cloud data centers.
The startup's product is a commercial extension of CEO Naveen Verma's research on non-volatile memory, promising significant improvements in the energy efficiency of AI operations.
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