News

March 19, 2024

The AI chip hype rolls on: Innatera raises €15m

In the wake of Nvidia's stock shooting up by nearly 2,000% in five years, investors are looking for the next hardware champion

Tim Smith

3 min read

If there’s one business in the world winning out of the AI hype cycle right now it’s US chip maker Nvidia. The company — which has a near-monopoly on the specialist processors used for training and running large AI models — has seen its stock price soar by nearly 2,000% since 2019. Now earlier-stage investors are trying to spot the next semiconductor success story.

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Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

Deeptech & AI

Deeptech & AI

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The people, companies and trends shaping European AI and deeptech.