Samsung backs Nvidia AI chip rival in $230M funding round: report

[Samsung store in Shanghai, China] * Samsung (SSNLF [https://seekingalpha.com/symbol/SSNLF]) has reportedly backed a Dutch AI chipmaker in a $231M funding round, amid a boom in investment in alternatives to Nvidia’s graphic processing units. * Euclyd CEO Bernardo Kastrup told CNBC exclusively that the company’s 200-million-euro Series A drew backing from Somerset Capital Partners, the Scaleup Europe Fund managed by EQT and Innovation Industries, which all co-led the round alongside Samsung (SSNLF [https://seekingalpha.com/symbol/SSNLF]). * The startup, founded in 2024, is designing an AI chip system, with different architecture to GPUs, for inference, including the processor and memory architecture. * Nvidia (NVDA [https://seekingalpha.