FuriosaAI Rejects $800M Meta Acquisition, Focuses on AI Chip Development
South Korean AI chip startup FuriosaAI has turned down Meta’s $800M acquisition offer, choosing to advance its AI chip technology instead.
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FuriosaAI Rejects $800M Meta Acquisition, Focuses on AI Chip Development
FuriosaAI, a South Korean startup that makes chips for AI applications, has rejected an $800 million acquisition offer from Meta, opting instead to focus on developing and producing its AI chips, according to a local media report. Image:Getty Images Disagreements over post-acquisition business strategy and organizational structure, rather than price issues, caused the negotiations to break down, the report said. Along with other tech companies building large language models (LLMs) for various AI applications, Meta has been trying to reduce its reliance on Nvidia for chips that are specialized for training and building LLMs. The tech giant last year unveiled its custom AI chips, and in January said it would invest up to $65 billion this year to support its AI initiatives. Meanwhile, FuriosaAI is reportedly in talks with investors to raise approximately $48 million (KRW 70 billion), and aims to complete the fundraise this month. Founded in 2017 by June Paik, who previously worked at Samsung…
