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BlackRock Backs Dutch Chipmaker Axelera AI in $250 Million Round

Dutch chipmaker Axelera AI raised more than $250 million from investors including BlackRock Inc. to make power-efficient semiconductors that are designed to run artificial intelligence models after they’ve been trained. The round, which confirms a Bloomberg report last year, was led by European venture capital fund Innovation Industries, Axelera said in a statement Tuesday. It included participation from existing investors like Samsung Catalyst and new ones like BlackRock....

Read more at bloomberg.com

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