Overview
Toronto-based start-up Taalas has raised $169 million to develop customised AI chips that offer faster and cheaper solutions compared to traditional AI hardware. The total investment in the company is $219 million, with key funding from Quiet Capital and Fidelity. Taalas aims to address high latency and costs associated with AI by merging storage with computation, allowing for rapid hardware realisation of AI models. Their silicon Llama chip is claimed to be nearly 10 times faster and 20 times cheaper than current alternatives.
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Investors: Quiet Capital, Fidelity
Toronto-based start-up Taalas has raised $169 million to develop customised AI chips that offer faster and cheaper solutions compared to traditional AI hardware. The total investment in the company is $219 million, with key funding from Quiet Capital and Fidelity. Taalas aims to address high latency and costs associated with AI by merging storage with computation, allowing for rapid hardware realisation of AI models. Their silicon Llama chip is claimed to be nearly 10 times faster and 20 times cheaper than current alternatives.