Posted 4/2/2024, 6:22:06 PM
Hailo Raises $120 Million to Fuel Edge AI Chip Development for Cars, Cameras and Robots
- Hailo lands $120 million in new funding to develop specialized AI chips for edge devices like cars, cameras, and robots
- Hailo chips offer lower power consumption for AI tasks compared to regular processors
- The company now has over 300 customers across industries like automotive, security, retail, etc.
- Expert says Hailo's accelerator chips will become "necessary" as AI spreads, though longevity and software support could be challenges
- Hailo sees demand for on-device AI rising more with generative AI, letting customers avoid the cloud's latency and privacy issues
