Dutch AI chip startup Euclyd raises $230 million in new funding to expand AI chip manufacturing and design.
Dutch startup Euclyd has raised $230 million in a funding round co-led by Samsung and several investment funds to develop a new AI inference chip system that aims to compete with Nvidia's GPUs. Founded in 2024, Euclyd is designing a chip with a different architecture focused on reducing energy consumption and costs for AI data centers. The company plans to launch its physical chip systems by 2028 and serve thousands of enterprise customers by 2030. Samsung's involvement brings expertise in memory manufacturing and supply chain support, boosting Euclyd's development efforts amid a growing market for AI hardware alternatives.
Nvidia's stock price is currently USD 212.07 on Pluang as of Sep 15, 2026 06:51 WIB, down 2.80% in the past day. The company holds a market cap of $5.27 trillion, reflecting its dominant position in the AI chip market. This funding round for Euclyd highlights growing competition in AI hardware, even as Nvidia remains a major player.
In the broader AI policy landscape, Mark Zuckerberg and Jensen Huang advocate for market-driven AI safety, while Dario Amodei and Sam Altman call for slower AI development. Zuckerberg and Huang believe that market incentives and existing regulations are sufficient to ensure AI safety, with companies being liable for harm caused by their models. At Salesforce’s Dreamforce conference, Nvidia CEO Jensen Huang stated that AI is a complex computing system built by humans and can be controlled through engineering and existing laws. He argued against new AI regulations, believing market forces will ensure safe AI products. Huang also rejected AI antitrust exemptions, urging safety via engineering rather than regulation. He opposed proposals for AI companies to receive antitrust exemptions to slow down the development of advanced AI models, emphasizing that AI safety should be addressed through engineering, testing, and existing regulations ratified by policymakers.
On the geopolitical and regulatory front, Nvidia CEO Jensen Huang is set to attend a state dinner hosted by President Donald Trump for Chinese President Xi Jinping in Washington next week. Huang's participation highlights his close alliance with Trump, especially as both have pushed back against restrictive AI policies. Odds of U.S. AI regulation have sharply declined after Trump dismissed AI takeover fears as a "hoax" during a call with Nvidia's CEO. This reduced the chance of AI safety laws passing this year to 17% from a recent 45%. In other market developments, ResMed was upgraded, Dave & Buster's reported losses, and Apple won Emmys.