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Lightmatter, a Boston-based AI hardware company, has relocated its headquarters to Silicon Valley while maintaining a presence in Boston and Toronto. The company specializes in photonic computing chips that utilize light for data processing, promising faster connections and energy savings. This strategic move follows a significant funding round, raising $400 million and valuing the company at $4.4 billion.
The funding reflects growing investor interest in generative AI technologies, with Lightmatter's chips expected to play a crucial role in advancing artificial superintelligence. The company's first product, Passage, is designed for data centers, enhancing data transfer efficiency while reducing power consumption. As the AI landscape evolves, Lightmatter aims to leverage its innovative technology to meet the demands of larger and more accurate AI models.
• Lightmatter raised $400 million, valuing the company at $4.4 billion.
• The company specializes in photonic chips for faster, energy-efficient computing.
Photonic computing uses light to perform calculations, enhancing speed and energy efficiency.
Generative AI refers to algorithms that can create new content, driving investment interest.
Artificial superintelligence is a level of AI that surpasses human cognitive abilities, which Lightmatter aims to support.
Lightmatter develops photonic chips that enhance data processing capabilities for AI applications.
Fidelity Investments is a mutual fund giant that participated in Lightmatter's recent funding round.
Rowe Price is another mutual fund company that invested in Lightmatter, reflecting confidence in AI technologies.
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