Mediaboss Marketing

The AI and machine learning (ML) craze taking tech by storm is a gold rush. And as in a traditional gold rush, there are plenty of picks and shovels to be sold.

For large language models and other cutting-edge AI models, the tools come in the form of specialized chips for more efficient computing. Chipmaker Nvidia was propelled briefly to a trillion-dollar market cap due to interest in its AI-focused graphics cards. Startups around the world are designing their own hardware that is optimized for AI and ML applications.

The market map below outlines the global AI and ML VC ecosystem and where the capital is going. Explore the AI and ML semiconductors segment by clicking on the blue tile below.

Notable deals include Moore Threads, an AI chip startup that raised $213.2 million in venture funding, and Bolttech, an insurtech startup using AI to automate processes, which raised a $300 million Series B.

Almotive, a startup creating automated driving systems, was acquired by the auto conglomerate behind Fiat and Chrysler Stellantis for an undisclosed amount in December. ECARX, a startup developer of AI-centric chips acquired COVA Acquisition for $300 million and went public in December.

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Market map: Investors bet on the chips powering AI and machine ... - PitchBook News & Analysis