Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CNBC World

What happened

Dutch startup Euclyd raised the funding in a round co-led by Samsung, Somerset Capital Partners, the Scaleup Europe Fund and Innovation Industries.

Key facts

  • Reported by CNBC World and published Mon, 14 Sep 2026 23:30:02 UTC.

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When each newsroom published on this story, oldest first — all times UTC.

  1. Ukraine, Russia set for new round of US-mediated talks

  2. Trump phones Nvidia’s Huang at All-In Summit, calls data center opposition a ‘hoax’

  3. Samsung backs Nvidia AI chip rival in $230 million funding round as GPU alternatives boom

  4. Sweden election is too close to call as far right loses ground

  5. UK breakup push escalates amid historic pact after Trump backs reunification of Ireland

Sources

The original report was published by CNBC World. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CNBC World

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