Naveen Rao, ex-Databricks AI head, is raising $1 billion for Unconventional, Inc., a startup aiming to redefine computing and challenge Nvidia. With significant backing and an innovative vision, Rao is set to revolutionize AI.
Shares of Marvell Technology dropped 15% after the AI chipmaker reported lower-than-expected data center revenue and provided a lackluster outlook for the upcoming quarter. The CEO acknowledged some challenges in customer pipeline clarity, raising concerns among investors.
