Balanced News: South Korean startup rival to Nvidia seeks $400 million valuation and plans new A.I. chip

South Korean startup Sapeon is raising a large funding round that puts its valuation at over $400 million. Sapeon designs artificial intelligence chips for data centers, and its chips are required for AI applications that require a lot of data processing. Sapeon’s goal is to challenge U.S. firm Nvidia in the AI chip market.