Efficient Computer

Efficient Computer, a startup developing low-energy chips, has closed $97 million in funding. The Pittsburgh-based company is working on processor technology designed to dramatically cut power consumption, and the fresh capital will support its efforts to bring energy-efficient computing to market.

Chip startup Efficient Computer has raised $97 million in funding at a $650 million valuation, according to Reuters. The Pittsburgh-based company is developing energy-efficient general-purpose processors aimed at dramatically lowering power consumption in computing. The funding round underscores continued investor interest in semiconductor startups as demand grows for more efficient chips to power data centers and AI workloads.

A developer known as lostmsu has released TurboGPT, an open-source project on GitHub that trains a compact 22KiB transformer model in roughly 13 seconds. The tool is drawing attention from machine learning enthusiasts interested in fast, lightweight training experiments that can run without large compute budgets.