DoubleAI, backed by Nvidia,: it cut compute costs 67% for early customer

DoubleAI, co-founded by Mobileye CEO Amnon Shashua, raised $220M from Lightspeed, Bessemer, Nvidia, and Dell. It launches 'code execution models' (CEMs) called Maxwell to improve GPU/CPU performance. Claims 67% cost reduction for one customer. Plans to charge based on savings. Expects major AI labs to benefit most. Used half of funding to buy 1,000 Nvidia B300 chips.