<ul><li>Seoul-based AI chip startup FuriosaAI has rejected an $800 million acquisition offer from Meta.</li><li>The negotiations between the two companies fell apart over disagreements around post-acquisition strategy and organisational structure.</li><li>FuriosaAI has developed RNGD, an AI chip optimized for Llama 2 and Llama 3, consuming less power than NVIDIA’s H100 GPUs.</li><li>The acquisition was intended to reduce Meta’s reliance on NVIDIA for AI chips, as the tech giant plans to spend up to $65 billion on AI initiatives in 2025.</li></ul>

FuriosaAI Rejects $800 Million Acquisition Offer from Meta, Reports

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