Exclusive: Andreessen Horowitz is building a stash of at least 20,000 specialized AI chips. The access can help it win startup deals but comes with risks. https://lnkd.in/ernuMetc
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Strategist | Operational Excellence | Chevening Fellow| I help organizations enhance strategic impact and operational effectiveness through visionary leadership, expert policy advising, and robust partnership-building
Big News in AI! What a power-play strategy! Andreessen Horowitz has just taken a bold step to stay ahead in the AI game, acquiring over 20,000 NVIDIA chips. This move shows their unwavering commitment to AI, proving that money alone isn't enough to secure the best AI deals. It is about having the right technology and resources to support innovation. This strategic decision is set to raise the bar for other funds, pushing them to enhance their capabilities. More importantly, it highlights a crucial point: this is not about creating dependency or monopolizing resources. Instead, it is about empowering AI startups with cutting-edge technology, enabling them to push boundaries and drive breakthroughs. By making high-end technology accessible, Andreessen Horowitz is democratizing AI, ensuring that even smaller players can compete with the big names. This can lead to a surge in innovative solutions across various sectors, fostering a more vibrant and competitive ecosystem. This move could also set a new standard in venture capital, encouraging firms to invest not just financially but also in the technological infrastructure needed for success. This holistic approach could drive substantial progress in AI and beyond. Kudos to Andreessen Horowitz for leading the charge in AI innovation! #AI #Innovation #Technology #VentureCapital #AndreessenHorowitz #NVIDIA #TechNews #FutureOfAI #Startups #Investment #ArtificialIntelligence #TechEcosystem #AIRevolution
Exclusive: Andreessen Horowitz is building a stash of at least 20,000 specialized AI chips. The access can help it win startup deals but comes with risks. https://lnkd.in/ernuMetc
Andreessen Horowitz Is Building a Stash of More Than 20,000 GPUs to Win AI Deals
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Andreessen Horowitz has shaken up the #AI sector with a strategic move to acquire >20,000 NVIDIA H100 GPUs, which they plan to rent to AI #startups. This innovative approach goes beyond traditional funding, offering crucial #hardware to fledgling companies. While this could be a boon for emerging AI businesses, it raises concerns about the potential for "monopolizing resources" and "creating dependency". By controlling a significant portion of the AI chip supply, Andreessen Horowitz might influence the direction of AI research, potentially stifling competition and distorting market dynamics. This move might lead to an #unfair advantage for startups under their wing, impacting the broader development of AI technologies. Surely something to look for in the future!
Exclusive: Andreessen Horowitz is building a stash of at least 20,000 specialized AI chips. The access can help it win startup deals but comes with risks. https://lnkd.in/ernuMetc
Andreessen Horowitz Is Building a Stash of More Than 20,000 GPUs to Win AI Deals
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Andreessen Horowitz is once again at the forefront of innovation, securing thousands of NVIDIA H100 GPUs to empower AI startups through their strategic initiative, "oxygen." By offering critical computational resources at reduced rates and in exchange for equity, the firm is democratizing access to cutting-edge technology, fostering unprecedented innovation, and accelerating AI development. This forward-thinking move addresses a significant bottleneck for startups, sets a new standard in venture capital, influences market dynamics, and attracts top-tier talent. Kudos to the entire team for consistently thinking ten steps ahead! TY Kate Clark and The Information for always keeping us well informed and ahead of the curve, ourselves... #AI #TechInnovation #VentureCapital #GenerativeAI #GPU #Startups #TechNews #AndreessenHorowitz #Innovation #AIStartups #AIDevelopment #MarkAndreessen #BenHorowitz
Exclusive: Andreessen Horowitz is building a stash of at least 20,000 specialized AI chips. The access can help it win startup deals but comes with risks. https://lnkd.in/ernuMetc
Andreessen Horowitz Is Building a Stash of More Than 20,000 GPUs to Win AI Deals
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After media-for-equity and advisory-for-equity, GPU-for-equity is the new kid on the VC block. As VCs increasingly face commoditization of capital (the ironically million-dollar question "how is your money different from that VC's money?") in the hot AI infra/applications startup space, this appears to be the newest lever for differentiation among investors. Marquee global VCs such as Andreessen Horowitz, Index Ventures, Conviction VC et al. are now renting out thousands of GPUs to their portfolio's AI companies in lieu of equity, or even as a complimentary platform service. The VCs are buying or renting them from large chipmakers. As the demand for AI chips continues to soar - and even capacity powerhouses such as NVIDIA grapple to keep up with it - this enables access for their portfolio companies to an expensive and increasingly scarce resource. This new standard of the 'entrepreneur service' model also of course helps a16z one-up competing VCs in winning hot AI deals. While a clutch of AI companies including OpenAI, Mistral AI, xAI are part of a16z's portfolio, Luma AI's CEO categorically said that the VC's GPU supply made them pick a16z over other investors. While countless sectors just can't seem to escape the long-drawn funding winter, clearly investors are vying to embellish 'capital' as much as possible to woo the hottest contenders in several sunrise sub-sectors within deep tech. The convergence of technology, equity, and strategic resources underscores the evolving nature of VC engagements in the quest for market differentiation and value creation.
Andreessen Horowitz Is Building a Stash of More Than 20,000 GPUs to Win AI Deals
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The startup founded by Gaurav Agarwal, an alumnus of chipmakers Nvidia Corp. and Texas Instruments Inc., has come out of stealth mode to close a $4.7 million seed round led by pi Ventures. 🚀 💰 It was joined by firms including Anorak Ventures and TenOneTen Ventures. The Silicon Valley startup uses foundation models to detect and fix problems in AI, such as hallucinations — a well-publicized phenomenon — or failure to factor in critical real-time information. 🤝 📄 RagaAI has secured funding to develop a tool to diagnose and fix flaws in artificial intelligence systems, responding to an increasing emphasis on safety and reliability during the AI boom. 🤖 💥 For more information, please check the comment section.... 👇 #digitalbusinessnetwork #dailyupdates
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Launched in 2022, Figure aims to develop a general-purpose humanoid robot named Figure 01. This AI-powered robot features human-like dexterity and the ability to learn and improve. In February 2024, Figure AI raised $675 million in Series B funding round, boosting its valuation to $2.6 billion. Investors in Series B round include Microsoft, Open AI Startup Fund, Nvidia, Amazon Industrial Innovation Fund, Jeff Bezos, Parkway Venture Capital, Intel Capital, Align Ventures and ARK Invest. Since 2024, Figure AI's broker contributions have been mostly on the bid side: 78% in Q1 2024 and 60% from April 1st to June 17th, 2024. For more insights and updates, check: https://lnkd.in/dEwNNe_v #privatemarkets #investing #ai #stockspotlight
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Are you an early-stage AI startup? Learn from Mod Tech Labs’ success story. With the guidance and technical support from Intel Liftoff for Startups, they've made remarkable strides. Mod Tech Labs' use of the program’s resources has led to major AI advancements in computational speed and anomaly detection. This progress stems from our specialized mentorship, advanced Intel GPU hardware, and strategic industry insights. Check out their testimonial below. Intel Liftoff is the ideal platform for early-stage AI startups looking to innovate and scale. Learn more about the program here: https://intel.ly/4ao6Vvv #IntelLiftoff #ArtificialIntelligence #ML #Startups
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Connecting the brightest minds in AI with innovative teams 🤖 | MLOps, GenAI, Deep Learning, Prompt Engineering, Data |
Who has invested the most in AI companies in 2023? 🥁............... NVIDIA! In 2023, NVIDIA, the leading chipmaker, significantly increased investments in over two dozen AI startups, ranging from large platforms to smaller ventures in healthcare and energy. They participated in 35 AI deals, six times more than the previous year, surpassing major Silicon Valley venture firms, according to Dealroom. Prioritising relevance, they invest in companies that use its technology. The company seeks startups closely aligned with its products. Their investments include rivals to ChatGPT maker OpenAI, such as Inflection AI and Cohere, as well as other ventures like Hugging Face, valued at $4.5 billion. What will 2024 bring? #2024predictions #startup #funding
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#Topics EnCharge raises $22.6M to commercialize its AI-accerating chips [ad_1] Around a year ago, TechCrunch wrote about a little-known company developing AI-accelerating chips to face off against hardware from titans of industry — e.g. Nvidia, AMD, Microsoft, Meta, AWS and Intel. Its mission at the time sounded a little ambitious — and still does. But to its credit, the startup, EnCharge AI, is alive and kicking — and just raised $22.6 million in a new funding round. The VentureTech Alliance, the strategic VC associated with semiconductor giant TSMC, led the round with participation from RTX Ventures, ACVC Partners, Anzu Partners and Schams Ventures. Bringing EnCharge’s total raised to $45 million, the new capital will be put toward growing the company’s team of 50 employees across the U.S., Canada and Germany and bolstering the development of EnCharge’s AI chips and “full stack” AI solutions, according to co-founder and CEO Naveen Verma, “EnCharge’s mission is to provide broader access to AI for the 99% of organizations that can’t afford to deploy today’s costly and energy-intensive AI chips,” Verma said. “Specifically, we’re enabling new AI use cases and form factors that run sustainably, from both an economical and environmental perspective, to unlock AI’s full ...
EnCharge raises $22.6M to commercialize its AI-accerating chips - AIPressRoom
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SoftBank Group Corp. founder, Masayoshi Son, is planning to raise $100 billion for a new chip venture targeting the AI market. This venture could potentially pose a challenge to NVIDIA Corp. and also comes at a time when OpenAI CEO Sam Altman has set an ambitious $7 trillion AI chipmaking plan. Son’s project, codenamed Izanagi, is his latest initiative as SoftBank scales back its startup investments. #nvidia #ai
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