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Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom

Samsung has backed a Dutch AI chipmaker in a $231 million funding round, amid a boom in investment in alternatives to Nvidia's graphic processing units.Euclyd CEO Bernardo Kastrup told CNBC exclusively that the company's 200-million-euro Series A drew backing from Somerset Capital Partners, the Scaleup Europe Fund managed by EQT and Innovation Industries, which all co-led the round alongside Samsung.The startup, founded in 2024, is designing an AI chip system, with different architecture to GPUs...

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