In a bid to reduce its GPU costs amid an unprecedented component shortage, Meta is on track to begin manufacturing the latest versions of its AI-specific chip in September, Reuters reported, citing an internal memo. At least one chip passed its testing phase in about six weeks, according to the memo. Meta is working with
Vermilion Cliffs Ventures announced Wednesday the closing of a $25 million Fund II. The company was founded in 2023 by operator-turned-investor Ashley Smith, who runs it as one of the few solo female GPs in venture capital. Speaking to TechCrunch, Smith said this fund will continue the company’s thesis of backing technical founders, specifically those