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Key points

• •Semiconductor startup Positron has secured $230 million in Series B funding to accelerate the deployment of its high-speed memory chips for AI workloads, aiming to compete with Nvidia.
• •The funding round, valuing Positron at $1 billion, was co-led by Arena Private Wealth, Jump Trading, and Unless, with strategic investment from Qatar Investment Authority (QIA).
• •Positron claims its first-generation chip, Atlas, can match the performance of Nvidia’s H100 GPUs for less than a third of the power, focusing on inference for AI applications and targeting production of its next-generation Asimov chip in early 2027.