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Chip startup Taalas raises $169 million to help build AI chips to take on Nvidia

Ai • February 19, 2026

Chip startup Taalas raises $169 million to help build AI chips to take on Nvidia is drawing significant interest across the industry.

Toronto-based chip startup Taalas said on Thursday it had ?raised $169 million and said ?it has developed a chip capable of running artificial intelligence ?applications faster and more cheaply than conventional approaches.

Experts suggest this could influence future trends and innovation in the sector.

More updates are expected as the story develops.


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