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doubleAI has secured $200M in funding from Nvidia and Dell to commercialize Maxwell, an AI model designed to automatically optimize software code for better hardware efficiency on GPUs and CPUs. By rewriting libraries like cuGraph and pandas, the technology aims to reduce enterprise AI workloads' resource consumption while accelerating performance across diverse computing tasks. This development highlights a strategic shift toward optimizing existing silicon infrastructure rather than solely relying on new chip generations.
Nvidia, Dell back $200M round for AI model developer doubleAI
Artificial intelligence developer doubleAI today announced that it has raised $200 million in funding. Lightspeed and Bessemer co-led the Series A round. They were joined by Nvidia Corp., Dell Technologies Inc. and several others. CTech reported that the investment values doubleAI at more than $1 billion. Tel Aviv-based doubleAI, officially AA-I Technologies Ltd., has created […] The post Nvidia, Dell back $200M round for AI model developer doubleAI appeared first on SiliconANGLE.
Artificial intelligence developer doubleAI today announced that it has raised $200 million in funding. Lightspeed and Bessemer co-led the Series A round. They were joined by Nvidia Corp., Dell Technologies Inc. and several others. CTech reported that the investment values doubleAI at more than $1 billion. Tel Aviv-based doubleAI, officially AA-I Technologies Ltd., has created an AI model called Maxwell that can automatically make software code more efficient. It also lends itself…
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