chip startup Rivos plots its next moves after raising $250 million to develop artificial intelligence chips

Chip startup Rivos raises $250 million to develop RISC-V AI chips. Rivos will manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing. Nvidia gobbled up more than 80% market share of AI chips in 2023.

Chip startup Rivos raises $250 million to develop RISC-V AI chips. Rivos will manufacture its first server chip geared for artificial intelligence. Nvidia's combination of chips and CUDA software dominates the market for AI-related computing. Nvidia gobbled up more than 80% market share of AI chips in 2023.

Rivos is developing custom chips for AI and data analytics workloads. It has raised over $250 million in a venture funding round. The chip company is developing chips for data analytics and AI applications. Rivos has raised $1.5 billion in just three years.