The startup Rebellions from South Korea has raised a whopping $124 million to advance their AI chip project 'Rebel,' which is custom-built for running large language models using Samsung’s support.

South Korean AI chip startup  Rebellions They raised $124 million in a Series B funding round, spearheaded by KT, a leading telecommunications firm in South Korea, along with Pavilion Capital and Shinhan Venture Investment. This round included investments from newcomer Koreyla Capital from France and DGDV from Japan, alongside existing financial backers like the Korea Development Bank.

The funds will be utilized by Rebellions to accelerate the progress of their upcoming AI chip 'Rebel,' which is specifically intended for executing large language models, and to fortify partnerships with Samsung. This latest funding effort has elevated their total valuation to approximately $658 million.

Rebellions is set to partner with Samsung to produce the 'Rebel' chips, strengthening their earlier collaboration linked to Atoms chips. Together, they aim to reach the completion of the 'Rebel' development by the end of this year, with plans for mass production slated to start in 2025.

The 'Rebel' chip is designed for the generative AI sector, focusing on optimizing large language models, and will employ Samsung Electronics’ cutting-edge 4-nanometer manufacturing process.

The collaboration will leverage Samsung's advanced HBM3E memory chip technology, enabling the 'Rebel' chip to efficiently handle high bandwidth memory, which is essential for building and running large language models. Rebellions asserts that its offerings provide a level of flexibility that distinguishes them from tailored AI chips.

However,  Samsung’s involvement In this partnership, Rebellions' role goes beyond just chip fabrication. South Korea’s top memory chip manufacturer is simultaneously working on its own generative AI model, furthering its footprint in the tech ecosystem. Samsung Gauss .

Founded in 2020, Rebellions is dedicated to crafting specialized silicon for applications like computer vision and chatbot functionalities. This startup is among a fresh wave of companies gunning for a significant share of the semiconductor landscape aimed at the development of AI-driven solutions.

As it stands, Rebellions is vying with FuriosaAI for market dominance at home, which has backing from Naver, a search engine leader, as well as financing from the Korea Development Bank. Another Korean rival in the fray is supported by SK Telecom and SK Hynix. On a global scale, they compete against firms like Groq, Tenstorrent, and the industry powerhouse Nvidia. Sapeon There's a significant influx of funds targeting firms focused on AI innovations.

The surge in investment activity concerning AI technologies has been ignited by the arrival of OpenAI's advancements.

The government has allotted around $618 million to bolster local AI chip manufacturers through 2030, aiming to move beyond Samsung's and SK Hynix’s present lead in memory semiconductors. ChatGPT Recently, Sam Altman, the CEO of OpenAI, traveled to South Korea to meet with influential figures in the semiconductor industry, including key players from Samsung and SK Hynix. OpenAI appears to be gathering extensive funding to lay the groundwork for its own AI chip production.

South Korea In this vibrant and rapidly changing environment, Rebellions, along with other startups, is pushing innovative ideas to enhance processing capabilities and drive greater efficiencies, showcasing their ongoing commitment to evolving AI chip technologies.

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