Scotiabank Boosts Elastic N.V. (ESTC) Price Target to $135, Citing Strong Performance and AI Growth Potential

By Yahoo! Finance | Nov 24, 2024 at 02:00 AM EST

MatX, a chip-design startup, raises $80 million in funding, led by Spark Capital, to develop AI-specific chips optimized for large language models. Co-founded by former Google TPU team members, MatX aims to outperform NVIDIA GPUs and enhance efficiency in training LLMs.

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