HomeEurope

UK government, Bezos back CuspAI's $450 million round as startup seeks to discover new materials

Europe 2 sources 2 countries 🔦 Under-reported 36m ago

Company aims to develop AI software that cuts research times and use of rare metals in chipmakers’ supply chainsBusiness live – latest updatesAmazon’s founder, Jeff Bezos, and the UK government have invested in a £2bn British artificial intelligence startup that is aiming to become the “search engine for rare materials” that accelerates the next wave of technological breakthroughs.The Cambridge-based CuspAI has raised $450m (£330m) in funding from investors including Bezos and the government’s sovereign AI fund, valuing the two-year-old business at $2.6bn.

Summary from source
Read the full story at the source The Guardian World · GB
Get the news on TelegramTop stories & under-reported picks, straight to your feed — free. Join →

Covered by 2 sources