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Oxmiq Raises $35 Million for AI Cost-Optimization Chip Architecture on July 1

2026-07-01 14:45:40

According to Reuters, Oxmiq completed a $35 million funding round on July 1 to develop chip architecture designed to reduce artificial intelligence costs. The company plans to integrate GPU, CPU, and tensor processing units into a single chip design to improve computational efficiency and lower overall AI training and inference expenses. Oxmiq aims to become the next-generation computing ecosystem's architecture standard, similar to Arm's role in smartphone chipsets.

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