Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchi - Israel-based chipmaker Hailo has raised $120 million in a new funding round, valuing it at $1.2 billion, and released a high-performance generative AI chip, the company said on Tuesday.
Investors are increasingly backing AI startups since the launch of OpenAI's ChatGPT, betting on potential benefits from the growing adoption of the technology that could challenge industry leaders and expedite innovation. The chipmaker said it has launched the Hailo-10 high-performance generative AI accelerator, which would help users to run GenAI applications locally without registering on cloud-based GenAI services, and would begin shipping samples of it in the second quarter of this year.