Key facts
- AI startup Oxmiq raised $35 million.
- Oxmiq will use the funds to develop chip design architecture and software.
- Oxmiq plans to combine graphics chips, central processors, and tensor engines.
- Elon Musk denied a Wall Street Journal report.
- The report claimed SpaceX showed investors an AI-focused device prototype.
- The device was reportedly designed to use xAI technology.
- The device was reportedly designed to run on a proprietary OS.
- Musk stated the report was 'utterly false' on X.
Artificial intelligence startup Oxmiq announced a successful $35 million funding round. The capital infusion is designated for the development of chip design architecture and software solutions intended to decrease the overall cost associated with AI applications. Oxmiq's strategy involves a novel approach of consolidating graphics chips, central processors, and tensor engines into a single, cohesive block of intellectual property.