Mythic raises $125 million to take on NVIDIA in AI chips
Mythic, a startup with big plans to rival NVIDIA in the AI chip world, just secured $125 million from investors like DCVC, New Enterprise Associates, Atreides Management, SoftBank, Honda, and Lockheed Martin.
Their goal? Build smarter chips that use way less power—a major win for anyone frustrated by how much energy AI eats up.
Smarter chips could help data centers save energy
Mythic's new analog chips combine processing and memory to slash power use during AI tasks, making them much more efficient than traditional digital chips.
Led by ex-NVIDIA exec Taner Ozcelik, the company hopes these energy-saving designs will catch the eye of data centers struggling with high electricity bills and tight power limits.
If it works out, Mythic might just carve out its own space in a market long dominated by NVIDIA.