Rain AI says its chips are much more energy efficient and powerful than Nvidia’s, sources said. In June, the company hired former Apple chip executive Jean-Didier Allegrucci as head of hardware

Notably, Altman has a history of supporting Rain AI. He had invested heavily in the company's $25 million seed round in 2022. The next funding round is scheduled to start next month. "He has introduced the company to all his investors for this series B round," an insider said to the New York Post.

Former OpenAI CEO Sam Altman had reportedly sought billions in funding for a new chip company before being ousted. Bloomberg reported that Altman was fundraising in the Middle East for the new venture,

Established as a competitor in the artificial intelligence hardware market, Rain AI recently hired former Apple executive Jean-Didier Allegrucci to oversee its hardware engineerin