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Nvidia-backed SiFive hits $3.65 billion valuation for open AI chips

SiFive, a company founded in 2015 by the UC Berkeley engineers who created an open source chip design, has landed a $400 million oversubscribed round that values the company at $3.65 billion. For one, SiFive’s RISC-V open chip design is based on the RISC processor, not Intel’s x86 or ARM, the two major types of CPUs that currently feed Nvidia’s GPU computer system AI empire. (In March, Arm changed its model when it launched the first-ever chip it manufactured, an AI chip, developed with Meta...