Cognichip secures $60M funding to use AI for designing AI chips, promising to slash development costs by 75% and timelines by half

Cognichip raised $60 million to develop AI systems that automate semiconductor chip design

The company claims it can reduce chip development costs by over 75% compared to traditional methods

Development timelines could be cut by more than 50%, accelerating the chip creation process

The approach addresses a critical bottleneck: AI demand is growing faster than chip manufacturers can supply hardware