“SiMa.ai Raises $70M for Unveiling a Next-Generation, Multimodal GenAI Processor”

Krishna Rangasayee Sima Ai Founder
SiMa.ai, named after Seema, the Hindi word for “boundary,” strives to leverage this shift by offering its edge AI SoC to organizations across industrial manufacturing, retail, aerospace, defense, agriculture and healthcare sectors. As the demand for GenAI is growing, SiMa.ai is set to introduce its second-generation ML SoC in the first quarter of 2025 with an emphasis on providing its customers with multimodal GenAI capability. The new SoC will be an “evolutionary change” over its predecessor with “a few architectural tunings” over the existing ML chipset, Rangasayee said. It would work as a single-edge platform for all AI across computer vision, transformers and multimodal GenAI, the startup said. The second-generation chipset will be based on TSMC’s 6nm process technology and include Synopsys EV74 embedded vision processors for pre- and post-processing in computer vision applications.

“Perplexity AI Raises $70M in Funding, Valuation Skyrockets to $520M Thanks to Cutting-Edge AI Search Engine”

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As search engine incumbents — namely Google — amp up their platforms with gen AI tech, startups are looking to reinvent AI-powered search from the ground up. Srinivas, Perplexity’s CEO, previously worked at OpenAI, where he researched language and gen AI models along the lines of Stable Diffusion and DALL-E 3. This reporter is skeptical about the longevity of gen AI search tools for a number of reasons, not least of which AI models are costly to run. Concerns around misuse and misinformation inevitably crop up around gen AI search tools like Perplexity, as well — as they well should. Some plaintiffs, like The New York Times, have argued gen AI search experiences siphon off publishers’ content, readers and ad revenue through anticompetitive means.