Intel Ignite’s Post

Last week, I had the privilege to moderate the heavyweight Corporate VC (CVC) panel at the GPT DAO GenAI Summit: Jeff Hennig from AMD, David (Dede) Goldschmidt of Samsung Catalyst Fund, Elana Lian of Dell Technologies(previously at Intel Capital), and Tushar Gupta of Qualcomm Ventures formed the dreamcast representing the big names in the AI computing space. Some big takeaways: 1. [consensus] that the current genAI wave will continue strong for at least another 12 months; 2. [strong consensus] CVCs bring more resource and knowhow to the table than just their capital; so it's worth the effort to work with them. 3. [split opinion] to compete sometimes investors need to act fast, on the other hand, some advocates patience in the highly frothy market. 4. [no comments] on questions of semiconductor supply chain, each firm's product plan, geo politics, etc. as expected:-) All in all, it's a fun panel with a group of highly intelligent, experienced panelists with a good sense of humor. Most of all thank you Stacy Du, CFA, CPA for organizing this panel.

DEEPX 𝐑𝐚𝐢𝐬𝐞𝐬 $𝟖𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐭 $𝟓𝟐𝟗 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧   DEEPX is an AI chip designer that offers a diverse range of solutions designed to empower organizations across various industries. Leveraging advanced semiconductor technology, the company’s chip product line delivers lightning-fast performance, enabling AI applications to run seamlessly across a multitude of platforms. DEEPX actively collaborates with leading AI researchers and organizations, fostering a culture of knowledge sharing and collaboration. DEEPX has raised $80 million in a Series C round at a $529 million valuation. The new round was led by the private equity firm of Samsung Electronics Co. In total, DEEPX has raised around $95 million to date. DEEPX, Seongnam, Kyonggi-do, South Korea, was founded in 2018 by CEO Lokwon Kim. With a commitment to excellence and a vision to shape the future, DEEPX has emerged as a powerhouse in Korea's tech industry and beyond. As the pace of technological innovation continues to accelerate, DEEPX remains firmly focused on shaping the future of AI hardware solutions.

SoftBank Group Corp., led by CEO Masayoshi Son, has finalized the acquisition of Graphcore, a prominent British AI chipmaker co-founded by Nigel Toon. The undisclosed deal concludes a period of uncertainty for Graphcore, once seen as a rival to NVIDIA in the burgeoning AI chip market. Nigel Toon, remaining as CEO, expressed optimism about the resources SoftBank brings to enhance Graphcore's global competitiveness. The acquisition highlights strategic alignment within SoftBank's portfolio, potentially leveraging synergies with Arm Holdings, another key player in semiconductor technology. #SoftBank #Graphcore #MasayoshiSon #NigelToon #AI #Chipmaker #TechNews #BusinessNews #Acquisition #ArtificialIntelligence #Semiconductors #Innovation #startup77

DYK: Networks can have a greater impact on R&D than centralized companies? In a recent comparison between Alphabet and Y Combinator, the network (Y Combinator) had a dramatically higher impact on R&D and tech. Here's what the network was doing well:   🤝 Enabling many groups to take on projects  🤝 Funding groups doing similar things 🤝 Supporting everyone equally By relying on the strength of the network, more breakthroughs and innovations could occur. Hear more on the topic from PL Founder Juan Benet in his talk at #LabWeek22 👇 https://lnkd.in/g88S5J63

We do a lot of events throughout the year, more than 20, in fact. Most of these are large events which involve months and months of planning. Each one is special and has its own vibe, its own excitement. But there was just something about Deep Tech Connect, which we organized with ecosystem partner HighTechXL, in only six weeks. There was a new level of excitement, a whole new level of deep tech players, and they were SERIOUSLY connecting at the sold-out event. There were impact investors and deep-tech startups, economic development folks, government representatives and tech experts from corporates of all sizes. The elusive Peter Wennink, CEO of ASML, Europe’s most valuable tech company, delivered the keynote address. The audience hung on every word. The theme of the day was connecting, and according to participant feedback, emails were pinging, calendars were syncing and conversations were sparking across the entire High Tech Campus Eindhoven. Deep Tech Connect was such a success, we’re planning to do it again next year. Stay tuned to this channel for more information. Until then, keep connecting! Special thanks to HighTechXL for the after movie! #afterburn #excitement #connections #deeptech #venturebuilding Victoria John Constantijn Lars Maurice NXP Semiconductors Cheryl Nicolas Jean-Francois Teska Ton Brian Sayan Alexandre V Jagannathan Simone Guus Jooske Riemer Marcel Dzera Anitha Frank Maarten Han Jon Prateek Rick Marisa Helena Boudewijn

We were featured in the Dealroom.co report highlighting the key players in Baltic deep tech and AI. We truly appreciate the mention!🤩 They managed to define the term "deep tech" in the report very well. ⬇️ "Deep Tech starts with an extended R&D phase and involves a higher share of technical staff compared to conventional ventures. Once technical risk is overcome, there is additional risk in proving market demand for that product. If market demand is proven, Deep Tech startups have stronger defensibility from competition thanks to technology barriers." The report also mentioned Bolt, Eurora, Veriff, Skeleton Technologies, eAgronom, EyeVi Technologies, Rendin, Ready Player Me, Katana Cloud Manufacturing, Montonio, Comodule and LightCode Photonics. We're in good company! Link to the report is in the comments. Great stuff!

SoftBank Acquires Graphcore Amidst AI Chip Industry Shakeup SoftBank has acquired British AI chipmaker Graphcore, a former competitor to Nvidia, for an undisclosed amount. This acquisition raises questions about the UK’s ability to foster competitive AI tech firms. Despite past financial challenges, Graphcore’s future looks promising under SoftBank's investment, signaling a positive shift for UK tech innovation. See here - https://lnkd.in/gKCxUgSK #SoftBank #Graphcore #AI #AIChips #TechInnovation #UKTech #Acquisition #Nvidia #Investment #TechIndustry #AItechnology #FutureTech #TechNews #DigitalTransformation

Today, Cisco announced a $1B global investment fund to expand and develop secure and reliable AI solutions. Over the past several years, we’ve made over 20 AI-focused acquisitions and investments. 🚀 As part of today's news, we welcome Cohere, Mistral AI, and Scale AI to our Cisco Investments portfolio. To learn more, check out VP Janey Hoe's conversation with Cisco EVP and Chief Strategy Officer, Mark Patterson, and Cisco Investments' SVP, Derek Idemoto, about our AI strategy.👇 🔗 https://hubs.ly/Q02zkRlN0 #CiscoInvests #AI

AMD has announced a definitive agreement to acquire Silo AI in an all-cash transaction valued at $665 million. Read our latest note covering the acquisition. Key takeaways: - Silo AI acquisition will help meet the scarcity of AI talent being experienced in building custom AI models, MLOps, and solutions on the AMD platform. - Silo AI is the third #AI company to be acquired by AMD in the last year as AMD moves to plug the gaps in its end-to-end AI #solutions. - Through these acquisitions, AMD is strengthening its AI position to match market leader NVIDIA. Link to the full note is in the comments below. #NVIDIA #acquisitions #technology #markets #research