Which solution found an artificial intelligence startup after refusing an offer of $ 800 million from Mark Zuckerberg
Microelectronics production unit (photo source industryviews, dreamstime.com)
In March, a South Korean Startup of chips called Furiosai rejected an offer of $ 800 million from Meta Platforms INC, choosing to continue its development on its own. Four months later, the company became a topic of news in the field of technology again and gave an image, but also business.
Meta has been discussions for the purchase of Furiosai company since the beginning of this year, sources quoted by Bloomberg said, and on March 24, the answer was definitive: no.
The sources then explained that the agreement failed due to the misunderstandings regarding the business strategy and the organizational structure after the acquisition. But the price was not the problem, as often happens when the transactions fail.
It was not little to be told not to Mark Zuckerberg. Meta has liquidity and is willing to make spectacular acquisitions to follow their strategy to reduce addiction to third-party suppliers, such as NVIDIA.
Furiosai recently found a solution and signed his first proportional contract with a large company that appreciated the technology: LG.
The RNGD chip of Furiosaai, officially approved by LG AI Research, will be used to “feed” the Exaone Linguistic Model, developed by LG.
Founded in 2017-by a former employee of Samsung and AMD-Furiosai to focus on the development of specialized chips for artificial intelligence technologies (AI inferencing)-promising better performances than in existing GPU, writes Techcrunch.
The contract with LG, which will implement furious servers in fields such as electronics and finance, is a strong validation of the company's strategy, especially since LG has done a lot of tests until it will decide to pace with Furiosa.
The Register's website explains in which way the small South Korean company convinced LG that their processors are more useful than those in NVDIA, the ultra-gigantic company that has been worth $ 4,000 billion.
In the future, Furiosaai plans to expand on US, Middle East and Southeast East.
Photo source: dreamstime.com
