"VCs Embrace AI Chips as Startups Seek Cutting-Edge Technology"

Venture capitalists are leveraging their connections with major cloud firms like Amazon, Microsoft, and Google to attract AI startups. By offering access to hard-to-obtain graphics processing units (GPUs) for developing AI software, VC partners such as Greylock Partners and Bessemer Venture Partners are gaining an edge in securing investments. Some firms have even purchased thousands of GPUs to provide their portfolio companies with the necessary hardware.