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Benzinga
Benzinga
Business
Hina Nainani

EXPLAINED: From power hungry ai to energy saver snowcap s 23m move to revolutionize computing | Rare Historical Photos

Patrick Gelsinger Intel Corporation Nvidia Semiconductor
Programmer,People,Working,Laptops,Or,Smartphones,With,Ai,,Artificial,Intelligence

Snowcap Compute, a semiconductor startup developing superconducting AI chips, announced a $23 million seed round on Monday. According to Reuters, the company is backed by Playground Global and led by former Intel CEO Pat Gelsinger, who will also serve as board chair.

The funding round also included Cambium Capital and Vsquared Ventures.

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