Qualcomm acquires Cornell AI software startup | Cornell Chronicle

""They say 99% of companies fail, so to be that 1% of successful exits is super exciting," Weatherspoon said."

""Using less compute to get the same job done is significant because you can either increase the throughput or decrease the usage and cost for the same thing," said Weatherspoon."

""If you look at our current product, it's pretty far away from the original starting point," said Shen, who has served as Exostellar's CTO since its founding."

""Our success as a company is really built off of decades of research beforehand," he said."

Exostellar, founded in 2018 by Cornell professors and a former postdoctoral researcher, was recently acquired by Qualcomm. The company initially focused on cloud computing innovations based on Zhiming Shen's doctoral thesis. It later pivoted to enhance AI workload efficiency, attracting large clients like Qualcomm. The founders emphasized that their success is rooted in years of prior research, with significant advancements in technology and vision since inception. The acquisition highlights the rarity of successful exits in the startup ecosystem.

Read at Cornell Chronicle