Nuvacore chip startup raises funds at $2.5 billion valuation

Sequoia-backed chip startup Nuvacore is raising funds at approximately a $2.5 billion valuation, driven by rising demand for central processors to power AI chatbots and data-crunching workloads. For deeptech builders in silicon or chip IP, the TAM is expanding because AI demand for compute is insatiable; focus on custom silicon for specific workloads (not general-purpose) and lock in long-term customer contracts early.

Source: ET Tech ↗