<ul><li>Cognichip Inc., a startup focused on improving chip design productivity, has secured $33 million in initial funding led by Lux Capital and Mayfield.</li><li>The company is developing a foundation artificial intelligence model called Artificial Chip Intelligence (ACI) to streamline processor development by reducing manual work. ACI is expected to boost chip design speed and cut project costs by up to 75%.</li><li>Other companies in the semiconductor industry are also utilizing AI to automate tasks such as optimizing chip blueprints and scanning for bugs before mass production. Cognichip's CEO sees significant potential in leveraging generative AI to revolutionize chip design.</li><li>The rise of AI in chip development presents an opportunity to transform the industry by streamlining design processes and reducing costs, as highlighted by Cognichip's efforts with ACI.</li></ul>

Cognichip raises $33M to speed up chip development with AI

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