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Anonymous ID: 831bec Oct. 17, 2024, 7:01 a.m. No.21781882   🗄️.is 🔗kun   >>1957

-it's only money

 

Lightmatter nearly quadruples valuation to $4.4B as it builds a new kind of AI chip

 

Lightmatter, a company building computer chips that process information with light, has raised a $400 million Series D at a $4.4 billion valuation, highlighting investors’ appetite for novel solutions to AI’s computational demands.

 

T. Rowe Price Associates led the round with additional backing from previous investors GV and Fidelity.

 

The raise continues Boston-based Lightmatter’s remarkable growth. Founded in 2017, the company has raised $709 million in the past 18 months. With its Series D, Lightmatter has nearly quadrupled its previous valuation of $1.2 billion in a $155 million Series C-2 that closed in December 2023. In May 2023, it raised $154 million in a Series C-1.

 

Lightmatter, which hired former Nvidia executive Simona Jankowski as its CFO in July, will use the funding to bring its technology into data centers.

 

Lightmatter stands out for the unique way it builds chips. Instead of using traditional electricity and circuity to transmit data, the company creates semiconductors that employ light photonics, using light and lasers to move data around.

 

The technique is more energy efficient and faster since it can process data as it moves from one place to another. Traditional chips must stop and process before moving information.

 

But photonic systems can be costly to build and are often bulkier than traditional semiconductors.

 

As AI drives incredible demand for computing power, other startups with novel solutions are also trying to cash in. In July, Halo Industries raised $80 million to develop new ways to build silicon wafers for chips, led by Thomas Tull’s firm US Innovative Technology Fund. Celestial AI, another photonic computing startup, raised a $175 million Series C in March, also led by USIT.

 

Lightmatter’s fundraise also comes on the heels of Cerebras, an AI chipmaker, filing to go public in September.

 

https://pitchbook.com/news/articles/lightmatter-nearly-quadruples-valuation-as-it-builds-new-kind-of-chip

Anonymous ID: 831bec Oct. 17, 2024, 7:56 a.m. No.21782130   🗄️.is 🔗kun

meh and meh

 

ZCZC MIATWOAT ALL

TTAA00 KNHC DDHHMM

 

Tropical Weather Outlook

NWS National Hurricane Center Miami FL

800 AM EDT Thu Oct 17 2024

 

For the North Atlantic…Caribbean Sea and the Gulf of Mexico:

 

  1. East of the Leeward Islands (AL94):

Showers and thunderstorms associated with a trough of low pressure

located a few hundred miles east of the Leeward Islands remain

disorganized. Some slow development is possible during the next few

days as the disturbance moves quickly westward to west-northwestward

around 20 mph, passing near the Virgin Islands and Puerto Rico on

Friday, then near Hispaniola and the southeastern Bahamas on

Saturday. Strong upper-level winds should end the chances of

development by late in the weekend.

  • Formation chance through 48 hours…low…20 percent.

  • Formation chance through 7 days…low…30 percent.

 

  1. Western Caribbean Sea:

Showers and thunderstorms over the western Caribbean Sea are

associated with a broad area of low pressure. Some gradual

development is possible over the next couple of days before it moves

inland over Central America. Regardless of development, locally

heavy rainfall is likely across portions of Central America and

southern Mexico through the weekend.

  • Formation chance through 48 hours…low…20 percent.

  • Formation chance through 7 days…low…20 percent.

 

Forecaster Cangialosi/Hadi

 

https://www.nhc.noaa.gov/gtwo.php