Unconventional AI acquires Israeli AI chip startup NeuReality to accelerate chip development

According to Reuters, US AI hardware startup Unconventional AI has announced it will acquire Israeli AI chipmaker NeuReality in a cash-and-stock deal, with the transaction value yet to be disclosed. Unconventional AI closed a $475 million funding round last December, valuing the company at $4.5 billion. The company is dedicated to developing bio-inspired, high-efficiency AI chips and uses AI tools to accelerate its R&D progress. It has already completed its first test chip and is nearing completion on a second one.