SiMa.ai's US$70M Boost for GenAI Chip Launch

A Silicon Valley-based business called SiMa.ai has raised US$70M in investment.

The second-generation ML SoC will be launched more quickly thanks to the financing.

This processor is designed with multimodal generative AI processing in mind.

It seeks to adjust to any model, sensor, network, or framework.

The upgraded SoC will represent an "evolutionary change" from the previous model.