Artificial Intelligence (AI) chip companies are really stepping up their game these days! In a bold move, Seoul-based FuriosaAI, Inc. managed to snag a crucial customer win. This happened just four months after FuriosaAI turned down an eye-popping $800 million buyout offer from Meta Platforms, led by none other than Mark Zuckerberg.
The newly celebrated chip, named RNGD (which you pronounce as “Renegade”), has completed seven months of rigorous evaluation by LG AI Research. This encompasses scrutinizing its efficiency and performance, all under the watchful eyes of one of South Korea’s leading tech giants, LG.
LG has officially stated they will be using RNGD chips in their upcoming EXAONE large language models (LLMs), a significant leap for both companies.
On the flip side, Nvidia remains the go-to leader in the AI chip market, with its stocks nearing record highs, almost monopolizing the game. Retail investor chatter about Nvidia on Stocktwits was somewhat stable and neutral as of early Tuesday, indicating a balanced sentiment in the marketplace.
FuriosaAI boasts that their RNGD chip is 2.25 times more efficient than typical GPU options for LLM inference per watt, hitting all the benchmarks for latency and throughput set by LG.
Excitingly, both FuriosaAI and LG plan to combine forces, launching RNGD servers aimed at businesses in versatile fields like electronics, finance, communications, and biotech.
Kijeong Jeon from LG AI Research noted, “RNGD delivers a fantastic balance of stellar practical performance and a huge cost reduction for us, plus it integrates quite seamlessly.” What’s not to love?
In April, FuriosaAI announced that they’re set to release their RNGD into Microsoft’s Azure Marketplace, and they’re gearing up to roll out an API allowing inference on RNGD with precompiled Llama models.
A Bloomberg report highlighted insights from founder and CEO June Paik, stating they’ve dedicated the last eight years to progressing from research and development to this pivotal commercialization moment, emphasizing readiness for business implementation.
Paik, who previously contributed his talents to giants like AMD and Samsung, shared ambitions to secure new customers across the U.S., Middle East, and Southeast Asia. He’s aiming for even more agreements before year’s end.
Diving back to the rejected Meta offer, a separate Bloomberg report back in March indicated that discussions concerning buying out FuriosaAI had not materialized throughout the year, leaving them focused on their venture ahead.
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