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Nvidia Rival Positron Holds Talks to Raise Funds at $5 Billion Valuation
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Nvidia Rival Positron Holds Talks to Raise Funds at $5 Billion Valuation AI chip startup Positron is in talks to raise about $750 million in financing during a round with two phases, part of a groundswell of companies looking to compete with Nvidia Corp. The first tranche of the round is expected to value the company at $3.5 billion, according to people familiar with the matter. The second phase could carry a valuation of around $5 billion, said the people, who asked not to be identified...
Nvidia Rival Positron Holds Talks to Raise Funds at $5 Billion Valuation
AI chip startup Positron is in talks to raise about $750 million in financing during a round with two phases, part of a groundswell of companies looking to compete with Nvidia Corp.
The first tranche of the round is expected to value the company at $3.5 billion, according to people familiar with the matter. The second phase could carry a valuation of around $5 billion, said the people, who asked not to be identified because the deliberations are private.