Thursday, 13 April, 2023

Korea's KT extends Series A investment in AI chipmaker Rebellions $22.8M

<p>One of South Korea&#39;s biggest telecommunications corporations, KT, has invested $22.8 million (30 billion KRW) in Rebellions, a South Korean company developing AI chips. The Pavilion Capital-backed AI chipmaker has raised roughly $102.8 million since its founding in 2020, or $72.8 million (92 billion KRW) in Series A funding.&nbsp;The company plans to use the extension round to produce its ATOM second AI chip design, which will be used by major cloud and data centre firms.</p>