South Korean AI startup FuriosaAI is taking on the likes of Nvidia and AMD with its AI chips — and it doesn’t need Meta’s help to compete.
According to a local news report from the South Korean news site Maeil Business Newspaper earlier this week, Meta began full-scale negotiations to acquire FuriosaAI this year. Meta proposed to buy the startup for $800 million, over $250 million more than its current market value of $545 million. The tech giant was interested in furthering its own AI chip-making endeavors by absorbing the startup’s technology and talent.
The report said that negotiations broke down because the two parties disagreed about the direction of FuriosaAI’s
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