Positron raises funds to compete with Nvidia
Positron has announced a $230 million Series B funding round, led by the Qatar Investment Authority. The company is positioning itself as a competitor to Nvidia in the artificial intelligence chip sector.
Growing demand for alternatives to Nvidia
The investment comes at a time of strong expansion in the AI market and a growing demand for alternatives to Nvidia products. Several players are trying to develop proprietary solutions to accelerate machine learning and deep learning workloads.
Qatar invests in AI infrastructure
The interest of the Qatar Investment Authority reflects the country's ambition to build a solid national infrastructure for artificial intelligence. This includes the development of data centers, the acquisition of advanced hardware, and the training of specialized personnel.
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