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SiFive raises $400 million in funding to expand RISC-V data center AI chips
ME News report: On April 10 (UTC+8), RISC-V chip startup SiFive completed a $400 million funding round. The round was led by Atreides Management, with participation from Nvidia, Apollo Global Management, Point72, and others. The company’s valuation reached $3.65 billion. SiFive plans to use the funds to develop new products for AI data centers and to speed up the development of related software ecosystems. The company aims to build on the open-source RISC-V instruction set to provide CPU solutions that hyperscalers can quickly customize, offering an alternative to the Nvidia AI accelerators and Arm architecture server chips that are widely used today. Research firm Jon Peddie Research said that currently about 135 companies are developing or plan to develop AI processors, and it is expected that by 2030 only around 25 specialized AI chip companies will remain. (Source: PANews)