Tachyum landed $220m investment to develop its new chip

Slovak-US startup Tachyum (Radoslav Danilák) announced it secured $220m from a European investor to develop its new chip. The unspecified investor also committed to purchasing chips worth $500m. The chip is designed to boost AI performance and reduce costs for large language models (LLM/AI). Tachyum has raised $300m to date and plans to go public "potentially as early as 2027." The processor has been in development for nearly a decade.

(forbes.sk)