South Korean AI chip intellectual property startup valued at $81.4 million


FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration//File Photo

(Reuters) - The South Korean chip startup Panmnesia has raised a seed round that values it at $81.4 million, the company has said.

Panmnesia's business is focused on developing intellectual property around a technology it calls Compute Express Link (CXL), which allows big data center operators to pool devices such as AI accelerator chips, processors and memory.

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