Toronto-based AI chip startup Taalas has emerged from stealth with $50 million in funding and the lofty aim of revolutionizing the GPU-centric world dominated by Nvidia.

Founded by Ljubisa Bajic, Lejla Bajic, and Drago Ignjatovic, all previously from Tenstorrent (the creator of Grayskull), Taalas is developing an automated flow for quickly turning any AI model – Transformers, SSMs, Diffusers, MoEs, etc. – into custom silicon. The company claims that the resulting Hardcore Models are 1000x more efficient than their software counterparts.

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