Naveen Rao: Building a $4.5 billion AI company, acquiring Israeli chip startup Neureality
2026-10-27 01:01:08
According to CoinMeta, Naveen Rao recently announced that his latest company, Unconventional AI, has raised $475 million, with a valuation of $4.5 billion, and on October 26th, it acquired the Israeli chip startup Neureality. This acquisition is aimed at solving the issue of high costs associated with computing hardware in the development of AI. Rao previously sold Nervana Systems to Intel in 2016 and then sold MosaicML to Databricks in 2023, demonstrating its success in the AI field. Unconventional AI plans to develop computing systems inspired by biological processes, with the goal of increasing the energy efficiency of AI hardware by 1,000 times compared to current technology.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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