Amnon Shashua reveals his new AI startup: "We cut computing costs by 67%"

Amnon Shashua reveals his new AI startup, Double AI, which has developed a new category of artificial intelligence models for code execution. The company claims a 67% reduction in computing costs for one client. Double AI raised $200 million at a valuation of over $1 billion.

Amnon Shashua, former CEO of Mobileye and AI21, reveals his new startup, Double AI, which has developed a new category in artificial intelligence called "Code Execution Models" (CEMs). The company claims to have cut computing costs by 67% for one client. Double AI raised $200 million from leading venture capital funds, including Lightspeed, Bessemer, Nvidia, and Dell, at a valuation of over $1 billion. The founders include Professor Shai Shalev-Shwartz and several former doctoral students of Shashua. The company's first model, Maxwell, is available to the public.