AI Hardware's New Arms Race: $231M for a Chip That Won't Ship Until 2028

A tiny Dutch chipmaker called Euclyd just closed a $231 million Series A — co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, and Innovation Industries — to build an AI inference chip aimed at dethroning Nvidia. The catch? CEO Bernardo Kastrup told CNBC the first commercial hardware won't reach customers until 2028. Euclyd plans to sell complete AI systems directly to enterprises and license its IP to firms building custom chips. Samsung's backing...