Nvidia rival tells CNBC it's seeking at least $100 million in funding as European AI chip market booms
Bogdan Hofbauer
European chip startups developing alternative technology to Nvidia's graphics processing units (GPUs) are eyeing big funding rounds as they look to scale amid the AI boom. Dutch company Euclyd, backed by the former CEO of chipmaking equipment giant ASML , is currently in discussions with investors for a round of at least 100 million euros ($118 million), its founder Bernardo Kastrup, told CNBC in an exclusive interview. Elsewhere, U.K. startup Optalysys is planning a $100 million plus fundraise
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