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ByteDance developing AI chip, in talks with Samsung

ByteDance AI chip development is progressing as the company negotiates manufacturing with Samsung Electronics. The TikTok parent is designing the chip to power its artificial intelligence services, including its Doubao chatbot. The move aims to reduce reliance on Nvidia, whose advanced AI processors face export restrictions in China. The chip remains under development and has not entered production. Samsung declined to comment on the reported talks, while ByteDance has not announced manufacturing timelines or confirmed production details.

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Benchmark Raises $225 Million to Boost Cerebras AI Chip Expansion

Benchmark Capital has raised $225 million through special-purpose funds to increase its investment in AI chipmaker Cerebras Systems. The move follows Cerebras’ recent $1 billion funding round, which valued the company at $23 billion. Benchmark, an early investor, created dedicated funds to expand its stake without exceeding traditional fund limits. Cerebras is expanding its AI computing business and preparing for a possible IPO. The investment highlights growing demand for AI infrastructure as companies compete to build faster and more efficient computing systems.

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