DoubleAI launches Maxwell AI model to cut compute costs, backed by Nvidia and Dell

DoubleAI, a Tel Aviv startup backed by Nvidia and Dell, launched Maxwell, a code execution model that improves GPU/CPU performance to reduce compute costs. The company raised $220 million and plans to charge based on customer savings. Early results show a 67% cost reduction for one customer and doubled inference speed for LTX. Maxwell will be more widely available later this month.