Kandou AI raises $225M from SoftBank and Synopsys to solve AI's memory wall
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Kandou AI raises $225M from SoftBank and Synopsys to solve AI's memory wall
"Kandou AI's new chief executive, Srujan Linga, has repositioned the company towards artificial intelligence infrastructure, leading to a successful $225 million funding round, the largest in its history."
"The AI industry's interconnect bottleneck is a significant challenge, as traditional copper interconnects consume about 30 percent of total cluster power and have limited reach due to signal degradation."
"Kandou's core technology, Chord, invented by founder Amin Shokrollahi, allows for increased bandwidth by a factor of two to four while halving power consumption, addressing critical performance constraints."
Kandou AI, a Swiss semiconductor company, raised $225 million in a Series A funding round, valuing the company at $400 million. The rebranding from Kandou Bus reflects a leadership change and a shift towards artificial intelligence infrastructure. Srujan Linga, the new CEO, aims to address the AI industry's interconnect bottleneck using a unique signalling method called Chord, which enhances bandwidth and reduces power consumption. The funding round attracted significant investors, including SoftBank, highlighting the growing demand for efficient data movement in AI applications.
Read at TNW | Artificial-Intelligence
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