$120 Million For Etched Chips, Emergence AI Agents Emerge With $97.2 Million, Stability AI Gets Stability
What does Etched's 'Sohu' chip claim to improve?
Etched's 'Sohu' chip claims to significantly improve AI performance and efficiency by focusing exclusively on transformer models. It boasts unprecedented performance for transformer models and is said to be faster and cheaper than competitors like NVIDIA's Blackwell B200 GPUs6.
Who are the co-founders of Emergence AI Agents?
Emergence AI Agents, a generative artificial intelligence startup, was co-founded by Satya Nitta, Ravi Kokku, and Sharad Sundararajan. Satya Nitta is the former head of global AI solutions at IBM's research division. The company aims to enhance the productivity of business employees by focusing on an "agent-based" AI system that automates tasks traditionally handled by knowledge workers, utilizing both proprietary and third-party generative AI models4.
Who led Stability AI's rescue and became Exec Chair?
Sean Parker, the founder of Napster and early investor in Facebook, led Stability AI's rescue and became the Executive Chair of the board. The undisclosed amount of funding was participated by existing investors, including Greycroft and Coatue Management.