AI chip developer Rivos, which recently settled with Apple over trade secret theft, raised $250M+ led by Matrix to compete with Nvidia using its RISC-V chips (Jane Lanhee Lee/Bloomberg)

Jane Lanhee Lee / Bloomberg:
AI chip developer Rivos, which recently settled with Apple over trade secret theft, raised $250M+ led by Matrix to compete with Nvidia using its RISC-V chips  —  - US upstart targets data analytics and generative AI markets  — Matrix Capital leads round, with Intel, MediaTek participating