October 3, 2025 News

Naveen Rao Raises Hundreds of Millions for Brain-Inspired AI Hardware Startup at $5B Valuation

Naveen Rao, former head of AI at Databricks, is raising $1 billion at a $5 billion valuation for Unconventional, Inc., a startup building novel AI computing hardware inspired by biological efficiency. Led by Andreessen Horowitz with participation from Lightspeed and Lux Capital, the company aims to compete with Nvidia by designing custom silicon chips and server infrastructure. Rao has already raised hundreds of millions and plans to begin building immediately using a tranched funding approach.

OpenAI DevDay 2025: Company Expands Beyond AI Models Into Devices, Browsers, and Social Media

OpenAI is hosting its third annual developer conference, DevDay 2025, on October 6th in San Francisco with over 1,500 attendees expected. The event will feature announcements, keynotes from executives including CEO Sam Altman, and a fireside chat with designer Jony Ive, amid OpenAI's expansion into AI devices, browsers, and social media beyond its core ChatGPT product. The company faces intensifying competition from Anthropic, Google, and Meta in the race to win over developers.

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