AI infrastructure company Cornelis raises $205M to chip away at Nvidia’s dominance

Automated excerpt

Cornelis, a company creating networking technology to help AI chips communicate more effectively, announced Monday that it has raised $205 million in a funding round led by IAG Capital Partners. Cornelis hopes to address this with a networking fabric that lets chips process and send information at the same time. Though Nvidia chips can technically run on other networking fabrics, they’re optimized to run on Nvidia’s own software, making it much easier — and more enticing — for customers to use Nvidia’s full GPU stack.

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