Key insights
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Funding Strategy: Rao plans to raise capital in installments, a method known as a 'tranched' round.
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Competitive Landscape: Unconventional, Inc. aims to compete directly with Nvidia in the AI hardware space.
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Previous Success: Rao's prior startup, MosaicML, was acquired for $1.3 billion, showcasing his track record.
Takeaways
Naveen Rao's new venture represents a significant step in the evolving landscape of AI technology.