STORY · PRODUKTER_
AI-focused hedge fund invests $400 million in chipstartup Source Foundry
Hedge fund Situational Awareness has invested $400 million in Source Foundry, a Stanford-based chipstartup working to make chip manufacturing faster and cheaper. This brings the fund's total investment in Source Foundry to $500 million.
WHY IT MATTERS
AI infrastructure is critical for scaling AI systems, and faster and cheaper chip manufacturing could be crucial for accelerating AI development. The investment comes as the fund has experienced losses from a decline in AI infrastructure stocks.
SOURCES
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