Ex-Google Engineers’ MatX AI Chip Startup Secures $500M to Challenge Nvidia’s Dominance
The global AI chip market reached $94.5 billion in 2025 and shows no signs of slowing down. On February 24, 2026, the MatX AI chip startup announced a massive $500M capital raise that sent shockwaves through Silicon Valley, signaling a serious challenge to Nvidia's near-monopoly in AI processors.
This AI hardware investment round represents one of…
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