Samsung backs Euclyd's push to challenge Nvidia in AI chips

CNBC reports that Euclyd raised $230 million in a round co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries. Quartz puts the Series A at $231 million and says the startup is building chips designed to make AI inference faster and cheaper. Neowin reports plans to deploy physical rack systems by 2028, aiming to expand choices beyond Nvidia and lower consumer hardware prices.