Fidelity Backs Chip Startup Celestial AI at $2.5 Billion Value
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Celestial AI, a startup that seeks to use light to speed up data transfer inside servers, has raised $250 million to better position itself in a race to lower AI computing power requirements.
Fidelity Management & Research Co. led the latest funding round, with participation from new investors including BlackRock Inc., Maverick Capital, Tiger Global Management and Lip-Bu Tan, according to the startup. Tan, whose name has been floated as the next Intel Corp. chief executive officer, also joined the board of directors.