AI chip company Kneron has raised $49 million in an extension of its Series B funding round, bringing its total funding to $190 million. Kneron specializes in developing AI chips for various applications, including self-driving cars.

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The funds will be used to strengthen Kneron's presence in the automotive industry and expand its team, particularly in research and development. The company's CEO, Albert Liu, highlights the growing demand for AI chips, driven by the increasing use of AI in generative applications, making Kneron well-positioned to meet these needs.

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The global demand for AI chips is rapidly growing, with a projected $53.4 billion revenue opportunity for the semiconductor industry. This surge in demand has attracted significant investment in chip startups.

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Kneron will focus on strategic areas in AI, such as autonomous cars, while considering future collaborations to challenge industry incumbents. Kneron aims to address critical challenges in AI applications, including latency, security, and cost, with its lightweight reconfigurable solutions.

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