A Sam Altman -backed Chipmaker is exploring a sale after plans to raise $ 150 million from private investors fell – and Openai is one of the researchers, Posti learned.
Rain AI-a San Francisco-based startup who says he is developing chips that are more powerful and effective energy than those currently sold by giants like Nvidia-has been in talks to win for several weeks, sources said.
It is unclear if Openai has still lasted an official bid for Rain, but a source said Altman – who was a large investor in Rain’s $ 25 million seed in 2022 – is circulating after the round of Serie B funds.
“Sam Altman is seeking to save his investments by having Openai to win rain for Pennies,” a source told the situation for the post.
Co -founder Will Passo has quietly left as Rain’s Director General he and has been replaced by his associate Jack Kendall, who is now listed as CEO on the company’s website.
In an email from the beginning of this month taken from The Post, Kendall confirmed that it was difficult for the company to close a series of B that would allow it to compete with industry giants like Nvidia and that, on the contrary, the rain had run a search for a buyer.
Kendall said the rain was burning with money and would have to raise a $ 3 million urea fund to hold the lights until a deal is over. A private resource source said Rain has secured the bridge loan and has been “making good progress in sales talks”.
“They are in active conversations with the researchers,” the source said. “These are large technological companies, large technological companies that are seeking to compete in Chip space.”
This is after the BRAIN Serie Round is initially expected to begin last December, was postponed several times.
Kendall said that Passo had left for personal reasons and that his appearance had influenced the firm’s ability to raise her series B. Openai started interviewing Rain’s employees while estimating who to keep in a possible receipt, said one of the sources.
“It seems that the founders are good engineers and poor sellers,” said a second source. “They were very young and Silicon Valley Outsiders without academic credentials or industry. This has always kept them disadvantaged.”
The rain “has been very successful in testing the chips” but has struggled to convert his advanced technology into current sales, the private resource source said.
“Old CEO did some great employment, but it’s not a great business,” the source added. “They could not get real account. They have no contracts or letters of purpose.”
Representatives for Openai and Rain he did not return numerous requests for comment.
While the post was reported exclusively in November, Altman had personally been throwing Openai’s investors to support Rain in Serie B round, which would have rated about $ 600 million.
Last year, Rain hired Apple veteran Jean-Didier Allegrucci, who helped the great technology giant develop his own computer chips to replace Intel equipment on his iPhone and Macs.
“Our new memory -memorial technology will help unlock the true potential of today’s generating models, and bring us a step closer to running the fastest, cheaper and advanced models of him everywhere,” Passo said in a statement at the time.
The riots in Rain He come during a period of fierce competition in the sector he as Openai seems to remove rivals like Elon Musk and Google Xai.
Openai recently abandoned plans to become a lucrative entity after faced with fierce public reactions by California and Delaware’s lawyers. On the contrary, the company will remain governed by a nonprofit entity.
Altman’s firm is also locked in a legal battle with Musk, who had sued to block the lucrative movement and has argued Openai abandoned its original mission of building it safe to improve humanity. Openai has argued that Musk is simply trying to slow down its progress.
In March, Nvidia and Xai joined a group that includes Microsoft, the MGX and Blackrock investment fund to expand the infrastructure of it to the US
The group plans collectively to invest more than $ 30 billion in projects related to it.
Last December, Nvidia also joined the XAI funding round $ 6 billion as a strategic investor.
#Exclusive #Starting #Sam #Altman #supported #beginning #rain #explores #sales #million #fundraising #Resources
Image Source : nypost.com