① According to reports, Rain AI's new round of financing will begin next month. The company will seek to raise 0.15 billion dollars at a valuation of about 0.6 billion US dollars, and Altman is actively promoting this round of financing; ② Insiders speculate that the relationship between Nvidia and Musk may become too close.
AFP, November 20 (Editor Xia Junxiong) According to media reports citing sources, OpenAI CEO Altman is looking for investors for artificial intelligence (AI) chip maker Rain AI in an attempt to challenge Nvidia's monopoly position in the field of AI chips.
Rain AI is an emerging AI chip maker, and according to information on the company's official website, Altman is one of its major shareholders.
According to sources, Rain AI carried out a seed funding round in 2022, raising 25 million dollars, and Altman was the main investor in this round.
According to reports, Rain AI's new round of financing will begin next month. The company will seek to raise 0.15 billion US dollars at a valuation of about 0.6 billion US dollars, and Altman is actively promoting this round of financing and is trying to attract OpenAI investors to invest in Rain AI.
“He has introduced Rain AI to all investors in the Series B round,” the source revealed.
Sources said Rain AI claims that its chips are superior to Nvidia in terms of energy efficiency and performance.
Nvidia's market share in the AI chip field has reached an astonishing 85%, and it is thanks to its monopoly position in this field that Nvidia has grown into the most valuable company in the world, with a market capitalization of more than 3.5 trillion US dollars.
According to previous media reports, Nvidia is interested in participating in a new round of financing for Xai, an AI startup owned by Musk, the richest man in the world. According to other media reports, xAI plans to raise 6 billion US dollars at a valuation of 50 billion US dollars. This capital is likely to be used to buy as many as 0.1 million Nvidia chips.
If the news of Nvidia's investment in xAI is true, it is not expected to affect the company's continued sale of chips to OpenAI, but insiders speculate that Altman has begun to worry that the relationship between Nvidia and Musk may become too close.
As the most famous serial entrepreneur in the world, Musk is also one of the co-founders of OpenAI, but eventually parted ways with other co-founders such as Altman due to a mismatch of ideas. After the rise of OpenAI, Musk criticized the company many times and founded xAI to compete with it.
Wedbush analyst Dan Ives pointed out that looking forward to the future development of the AI chip field, Nvidia will not be the only player; many new participants will emerge. Rain AI is expected to become one of them, and with Altman's support, Rain AI's development prospects are very broad.