Meta's 'Iris' chip enters production in September and OpenAI's 'Jalapeño' targets 50% lower inference costs. The great AI chip rush is reshaping the global supply chain and redefining what AI products are viable to build.
Progress Software disabled access to ShareFile accounts using on-premises Storage Zone Controllers due to a credible security threat, while a massive campaign dubbed FortiBleed has compromised roughly half of all internet-facing Fortinet firewalls globally.
NATO's 2026 Ankara summit placed AI security at the heart of alliance planning, raising urgent questions about autonomous systems, supply chain integrity, and the accountability of military AI as adversaries accelerate their own programmes.
Axelera AI is redefining edge computing with affordable, high-performance AI chips. From retail loss prevention to robotics, its Metis platform delivers real-time inference at low cost and energy. With major EU backing, Axelera is accelerating Europe’s push for AI hardware sovereignty.
Imagine autonomous vehicles navigating streets effortlessly, smart medical devices diagnosing illnesses in real-time, and agricultural drones optimizing crop yields with pinpoint accuracy. This future is precisely what Axelera AI aims to bring closer, driven by their ambitious vision and cutting-edge technology.
Founded in 2021, Axelera AI quickly emerged as a prominent European innovator, specializing in developing powerful yet affordable hardware chips and user-friendly software tools designed specifically for AI applications at the edge. These edge devices process data right where it's generated — enabling faster, more efficient decisions without relying on the cloud. Think of a smart security camera that doesn't just record footage, but analyzes it on the spot to detect threats and trigger alerts in real-time.
As CEO and Co-Founder Fabrizio Del Maffeo passionately explains,
“We want to put this technology in the hands of millions of developers so they can reinvent the world around us. There are so many applications.”
One such application is in retail, where Axelera AI’s Metis PCIe chip is helping reduce shrinkage—one of the industry's most costly challenges. In partnership with software provider Seechange, Axelera demonstrates how its chip runs advanced AI models to perform keypoint detection, segmentation, and object classification in real-time. This allows stores to identify and prevent loss as it happens, enhancing security and operational efficiency—all on a single, affordable chip.
Central to Axelera AI’s offering is the Metis AI Platform—a groundbreaking combination of specialized hardware chips and intuitive software designed to significantly boost AI processing capabilities directly at the edge. The platform revolves around the Metis AI Processing Unit (AIPU), which utilizes Axelera’s proprietary Digital In-Memory Computing architecture. This advanced approach allows data to be processed much faster and more efficiently than traditional computing methods, dramatically enhancing performance and significantly reducing energy consumption.
While NVIDIA and AMD dominate the AI hardware market with powerful GPUs used in data centers and high-end computing, Axelera AI is targeting a different frontier. Rather than compete in raw performance, Axelera is redefining efficiency at the edge—where size, cost, and energy consumption matter most. Traditional GPUs, while unmatched in versatility, are often too power-hungry and expensive for scalable edge deployment. In contrast, the Metis platform offers a streamlined solution that is compact, highly efficient, and cost-effective. It delivers AI inference performance at a fraction of the cost per TOPS compared to leading GPU solutions.
The Metis AI Platform can process a remarkable 214 Tera Operations Per Second (TOPS) while maintaining exceptional energy efficiency at just 15 TOPS per watt. Such efficiency not only reduces operational costs but also makes high-performance AI accessible for a wide range of applications and industries.
That accessibility is driving adoption across sectors. From retail analytics that enhance customer experiences to robotics and smart factories optimizing production lines, Axelera AI’s technology is enabling developers and enterprises to bring AI-powered solutions into the real world, without needing the resources of a tech giant.
While companies like Google and Amazon design custom AI chips to power their own cloud infrastructure, Axelera is putting that level of performance and efficiency into the hands of developers and businesses everywhere.
To see this technology in action, watch Bram Verhoef demonstrate the Metis AIPU at the 2024 Embedded Vision Summit. The demo highlights how Axelera’s edge AI chip can run multiple computer vision inference streams at high frame rates, offering exceptional performance and efficiency for real-world applications.
Del Maffeo underscores the transformative potential of their technology:
“Today, we deliver a cutting-edge hardware and software platform for accelerating computer vision on edge devices at a fraction of the cost and energy consumption of current solutions.”
Building on the successful launch of Metis, Axelera AI recently unveiled Titania, their next-generation AI inference chiplet designed to scale seamlessly from compact edge devices to expansive data centers. Titania specifically addresses the rising demands of generative AI applications, high-performance computing (HPC), and advanced data analytics.
Slated for commercial release in 2028, Titania integrates open-source RISC-V vector extensions to enhance adaptability and scalability, enabling tailored solutions for diverse sectors. Backed by a substantial €61.6 million grant from the EuroHPC Joint Undertaking, Titania is central to Europe's strategic Digital Autonomy with RISC-V for Europe (DARE) initiative, ensuring technological sovereignty and independence.
According to Axelera AI’s CTO Evangelos Eleftheriou,
"Titania represents a leap forward in our goal to provide efficient, scalable AI solutions from the edge to cloud environments, meeting the needs of an increasingly demanding market."
Axelera AI’s rapid ascent is marked by growing support from prominent industry players, including the European Innovation Council Fund and Samsung Catalyst Fund. This backing reinforces confidence in the company’s vision and technological direction.
Yet, Fabrizio Del Maffeo believes the most exciting chapters are still to be written.
“It's been an incredible journey so far—and we're just getting started. It's still day one, the best is yet to come!” he states confidently.
With its groundbreaking platforms like Metis already transforming industries and the promising future of Titania on the horizon, Axelera AI is poised at the forefront of the global effort to democratize advanced AI technologies, paving the way for innovation and discovery in countless everyday applications.
Neura Robotics raises $1.4B backed by NVIDIA and Amazon to scale physical AI and humanoids to millions of units by 2030, as autonomous robot teams make their tactical debut at Eurosatory 2026.
Odyssey’s $310 million raise signals a new phase in AI, where the race moves beyond language models into world models. These systems aim to give machines an operating understanding of space, motion and causality, forming the physics layer needed for robotics, autonomous systems and physical AI now.
Cyera’s reported $300 million raise at a $12 billion valuation shows how quickly enterprise data security is being repriced as AI adoption accelerates. The figures should be framed carefully, because Cyera has disputed the reported numbers.
Cognition has raised $1B at a $26B valuation, led by Lux Capital, General Catalyst, and 8VC. Its autonomous AI engineer Devin now writes 89% of the company's own code and is deployed at Mercedes-Benz, Goldman Sachs, the U.S. Navy, and Itaú.
Where cybersecurity meets innovation, the CNC team delivers AI and tech breakthroughs for our digital future. We analyze incidents, data, and insights to keep you informed, secure, and ahead. Sign up for free!
