Ubitium has announced the debut of its first Universal RISC-V processor, designed to enable artificial intelligence applications without incurring additional costs. The company has successfully raised $3.7 million in seed funding to support this initiative. The new processor aims to replace specialized chips, providing a versatile solution for edge AI and other applications. SiFive, a leader in the embedded market, highlighted that its Essential family of products is already powering billions of devices across various sectors, including IoT and automotive.