AI chip startup FuriosaAI rejects Meta’s $800 million offer

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Korean chip startup FuriosaAI has turned down an $800 million takeover offer from Meta Platforms Inc., choosing instead to grow the business as an independent company, a person with knowledge of the matter said.

Meta had been in discussions about acquiring Seoul-based FuriosaAI since the start of this year, said the person, who asked not to be identified as the matter is private. A representative for FuriosaAI declined to comment. Meta officials couldn’t immediately be reached for comment outside regular business hours on Sunday.

FuriosaAI is one of…



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AI chip startup FuriosaAI rejects Meta’s $800 million offer


Korean chip startup FuriosaAI has turned down an $800 million takeover offer from Meta Platforms Inc., choosing instead to grow the business as an independent company, a person with knowledge of the matter said.

Meta had been in discussions about acquiring Seoul-based FuriosaAI since the start of this year, said the person, who asked not to be identified as the matter is private. A representative for FuriosaAI declined to comment. Meta officials couldn’t immediately be reached for comment outside regular business hours on Sunday.

FuriosaAI is one of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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