Some hefty funding for another AI chip company, Hailo. Seems like considerable competition to me, but I'm no expert so might be missing something.
"Hailo is targeting the chip at use cases such as autonomous driving, factory automation and smart city operations. The startup says that more than 100 customers are already exploring ways to apply its chip, more than double the number of clients it had only two quarters ago."
"Hailo plans to use the proceeds from its new $136 million funding round to invest in product development. Additionally, the startup intends to expand its presence in current market segments and move into additional markets"
BRN Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
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