Ex-Intel executives' startup aims to tackle spiraling costs of AI

MosaicML's founding team of Hanlin Tang, Naveen Rao, Dr. Michael Carbin and Jonathan Frankle are pictured in this undated handout photo provided on October 13, 2021. Courtesy of MosaicML/Handout via REUTERS

(Corrects titles of Michael Carbin and Jonathan Frankle in paragraph 5)

(Reuters) - After Intel Corp bought Naveen Rao and Hanlin Tang's startup in 2016, their job was to help the chip giant make money off artificial intelligence, which requires vast computing power and had become lucrative for the chip industry.