developing· Tech· Updated
Amnon Shashua Unveils New AI Startup Double AI, Claims 67% Computing Cost Reduction
The artificial intelligence startup DoubleAI, co-founded by Professor Amnon Shashua, has officially launched its first commercial product, Maxwell. The system is designed to optimize graphics processing unit (GPU) performance and reduce hardware expenses for AI companies. According to Globes, the product is now available for early access to software developers.
3 newsrooms · 1 language · since
What happened
- 01Professor Amnon Shashua's AI startup, DoubleAI, has launched its first product, a code execution engine named Maxwell.
- 02Maxwell is designed to optimize GPU performance and reduce hardware expenses by making real-time modifications to code.
- 03According to Calcalist, DoubleAI has raised $200 million and is valued at over $1 billion, while TheMarker reported the funding at $220 million.
- 04The company allocated half of its raised capital to purchase 1,000 Nvidia B300 chips for its internal computing needs, according to TheMarker.
- 05According to Calcalist, the startup's technology has successfully reduced computing costs by up to 67% for one client.
- 06Maxwell operates as a Code Execution Model that interacts directly with hardware and middleware layers to save on computation tokens.
- 07The new product positions DoubleAI as a competitor to established code generation tools from OpenAI, Anthropic, and SpaceX.
DoubleAI describes Maxwell as a Code Execution Model (CEM) that operates between code and silicon, interacting directly with hardware and middleware layers. This technology makes real-time changes to code to improve performance and offload processing tasks from chips. According to Calcalist, Shashua claims the technology has cut computing costs by up to 67% for one client, and the company plans to charge clients based on the savings they achieve.
According to Calcalist, the startup has raised $200 million from prominent global and Israeli venture capital firms, including Lightspeed, Bessemer, Nvidia, Dell, Pitango, and BRM, valuing the company at over $1 billion. TheMarker reported the raised capital as $220 million, adding that the company allocated half of this funding to purchase 1,000 Nvidia B300 chips for its internal computing needs. The company currently employs approximately 40 people.
Summarized by baba from the reports of 3 newsrooms. Updated
Latest report: Calcalist. Read Calcalist’s originalThe coverage
3 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- RightNone
- HarediNone
- ArabNone
- Other3