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Cognichip Raises $60M to Use AI for Accelerating Semiconductor Chip Design

Cognichip has raised $60 million to develop deep learning models that assist engineers in designing computer chips, aiming to reduce development costs by over 75% and cut timelines by more than half. The company uses proprietary AI models trained on chip design data rather than general-purpose LLMs, though it has not yet delivered a chip designed with its system. Notable investors include Intel CEO Lip-Bu Tan, and the company competes with established players like Synopsys and well-funded startups in the AI chip design space.