Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Rain AI, a San Francisco-based chipmaking startup backed by Sam Altman, is exploring a sale after failing to secure $150 million in fundraising. The company, which aimed to develop chips more powerful and energy-efficient than those offered by Nvidia, has been running out of funds and reportedly has no contracts. Sources indicate that Rain AI has been in acquisition talks for several weeks amid financial difficulties and a recent CEO change. OpenAI, also associated with Altman, is reportedly considering acquiring the struggling startup.
RAIN AI MELTS DOWN—OPENAI MAY BUY ITS SMOKING CORPSE Sam Altman-backed Rain AI just face-planted its $150M raise — now OpenAI might scoop it up for couch-cushion money. The chipmaker claimed it could outgun Nvidia. Instead? Burned cash, no contracts, and a CEO swap https://t.co/GM0fr9CZWX https://t.co/Dv6B5NWftl
Through more than a dozen interviews with sources who are intimately familiar with the company, Karen Hao reveals the true story behind the chaos at OpenAI and how the company tried—and failed—to get rid of Sam Altman. https://t.co/Yz0jgpMGBX
Sam Altman-backed Nvidia competitor running out of funds and for sale. Nice exclusive teamed with Tom Barrabi. https://t.co/XQws2TLkSv
