FuriosaAI, a South Korean AI chip startup, has turned down an $800 million acquisition offer from Meta, emphasizing the importance of strategic alignment. Negotiations faltered not due to financial disagreements but due to differences in post-acquisition plans. Meta, seeking to diminish its reliance on Nvidia, has previously introduced its own custom AI chips and announced major investments in AI. Meanwhile, FuriosaAI is pursuing an $48 million funding round, planning to launch its newly tested RNGD chips later this year, aiming to compete with industry giants.
FuriosaAI rejected an $800 million purchase offer from Meta, newly focused on producing its AI chips amidst concerns over strategic direction and organizational structure.
Despite a lucrative offer from Meta, FuriosaAI aims to bolster its independence and innovation by further developing its AI chip technologies, notably Warboy and RNGD.
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