Industry veteran Dennis Martin joins fintech start-up ADVANCE AI to lead credit reporting business tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Rebellions Inc. secured $124 million from investors including KT Corp. to accelerate the development of a next-generation AI chip, underscoring growing interest in the hardware that drives artificial intelligence.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersMusk Says First Neuralink Patient Received Implant in BrainTrump Cash Stockpile at Risk From $450 Million Dual Ve
Rebellions, a South Korean fabless AI chip startup, said today it has closed $124 million (165 billion KRW) in a Series B round of funding to develop its third AI chip, called Rebel. This Series B values the three-year-old startup at approximately $658 million (880 billion KRW) post-money, CFO of Rebellions Sungkyue Shin said in an exclusive interview with TechCrunch. This latest capital infusion brings the total raised to around $210 million since Rebellions' inception in 2020.
AI Chip Startup Rebellions Gets $124 Million in KT-Led Funding bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.