Mitesh Agrawal, the COO of Lambda Labs, has transitioned to become the CEO of Positron, an AI hardware startup. This move is noteworthy as Agrawal played a vital role in Lambda’s growth, taking its valuation from approximately $1.5 billion to over $2 billion. Positron aims to develop faster, energy-efficient hardware designed for transformer model inference, crucial for AI applications like chatbots. Agrawal noted the rising demand for inference technologies, hinting at significant opportunities in the evolving AI landscape.
Agrawal's departure is significant given his role in shaping Lambda into one of Silicon Valley's best-funded and most valuable startups.
Positron builds hardware for transformer model inference, which is how chatbots like ChatGPT respond to user requests.
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