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AI Chip Startup Mythic Reaps $40M from SoftBank, Lockheed Venture Arms

Xconomy

Mythic, based in both Redwood City, CA, and Austin, TX, is one of the upstart companies benefiting from a surge of investing in the chip-making field, where the growing computational demands due to the use of AI are creating an opening for young entrepreneurs with out-of-the-box ideas.

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Data is the Next Major Layer of the Cloud & A Major Victory for Startups

Both Sides of the Table

That is excluding a single line of code or paying any salaries. We put all of this infrastructure in an Exodus web hosting facility and had to pay for rack space, bandwidth and some management services if a disk failed, for example. No wonder people had to raise $5 million just to get started back then. We raised $16.5 Processing.

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