River AI raises $1.1 billion from Nvidia and AMD backed consortium
Personalized AI startup River AI secured $1.1 billion in new funding from major chipmakers and investors.
Reported45 sec read
Aug 11: River AI raises $1.1 billion from Nvidia and AMD backed consortium
Photo: Jakub Żerdzicki · Unsplash
What happened
River AI raised $1.1 billion in a new funding round. A consortium backed by Nvidia and AMD led the investment. The startup focuses on personalized AI technology.
The context
Major chipmakers continue to invest directly in AI software startups. Backing from both Nvidia and AMD shows intense rivalry to build software ecosystems around their hardware.
