Positron reports $875 million financing for AI inference chips

Positron develops processors and systems for running trained AI models. Reuters reports the company’s announcement of $875 million in financing across two tranches at a $5 billion valuation. Proceeds are intended to finish design of its Asimov chip, with production targeted for the second half of 2027.

DTT summary based on Reuters's report. The full article is on the publisher's site.