Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom

Samsung invested $231 million in Euclyd, a Dutch startup designing AI chips with a different architecture than Nvidia's GPUs (graphics processing units, specialized chips for processing data). Euclyd is developing chips specifically for inference (running already-trained AI models) and claims its systems will reduce energy use and costs for AI data centers, targeting commercial deployment starting in 2028.