Dell Capital's Scott Darling explains how AI made chip startups hot - Business Insider

This story requires our BI Prime membership. To read the full article,Chip startups are hot, says Scott Darling, president of Dell Technologies Capital, which just invested in a new company led by 3 engineering stars from Google and Apple.

Darling says AI will soon become a pervasive tool, creating new opportunities for startups. "And all of this is going to happen in a handful of years," he told Business Insider.Scott Darling, president of Dell Technologies Capital — the IT giant's venture capital arm — remembers a time when investors shied away from chip startups because they were considered too risky.

But times have changed. Chip startups are hot in the eyes of investors thanks to new technologies that require machines with more processing power. One of the latest ones, Nuvia, came out of stealth mode late last year, quickly raising $53 million from investors, including Dell Capital. It was not Dell Capital's first foray into AI chips. Darling's team has also invested in Graphcore, the AI semiconductor company founded in 2016, whose chip is already being used to power Azure, Microsoft's cloud platform.The change in attitude toward chip startups is refreshing, Darling, who has worked in Silicon Valley since the 1980s, said.

"There's a lot more money available in the venture world than there used to be," Darling said. "So the the absolute size of the dollars required for a silicon team is not as daunting on a relative basis."There's a bigger reason for the attention chip startups are getting: the rise of AI.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Detroit high school teacher buys and renovates an abandoned home - Business InsiderA high school teacher bought a 'trashed' home in Detroit for $2,600 and got it into livable condition in less than 2 years. Here's how she did it.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Aurora CEO interview: Cracking the code of self-driving technology - Business InsiderThe CEO of Aurora explains why the self-driving startup bought a laser-radar company that's completely off the tech-industry grid
Source: BusinessInsider - 🏆 729. / 51 Read more »

Voice startup Zammo offers brands quick, affordable entrance to audio - Business InsiderZammo's pitch is that it can help small businesses create voice apps like Alexa skills fast and inexpensively.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Three key trends we took away from CES 2020 - Business InsiderAnalysts at Business Insider Intelligence highlight three key trends from the 2020 Consumer Electronics Show.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Here are the 11 most important statistics on venture capital in 2019 - Business InsiderThese 11 milestones in venture capital funding will determine whether the startup sector will peak this year or continues to defy expectations
Source: BusinessInsider - 🏆 729. / 51 Read more »

Felix Capital: European Peloton backer raises $300 million fund - Business InsiderFelix wants to focus on what it calls the 'creative class' focusing on distinctive, irreplaceable companies
Source: BusinessInsider - 🏆 729. / 51 Read more »