# Raja Koduri's Oxmiq raises 35 million dollars to rent out AI chip designs

> Former Intel and AMD chip architect Raja Koduri is betting that most companies do not need to design a GPU from scratch, they just need to license a proven architecture and skip years of costly chip design work. If it works, this could let far more companies build custom AI silicon and chip away at Nvidia's grip on the AI compute stack. Jim Keller joining the board adds serious chip design credibility to the bet.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: The Next Web · Published Sunday, July 5, 2026_

## Wortins' read

Former Intel and AMD chip architect Raja Koduri is betting that most companies do not need to design a GPU from scratch, they just need to license a proven architecture and skip years of costly chip design work. If it works, this could let far more companies build custom AI silicon and chip away at Nvidia's grip on the AI compute stack. Jim Keller joining the board adds serious chip design credibility to the bet.

## Source

[Read the full story at The Next Web](https://thenextweb.com/news/oxmiq-35-million-oxcore-chip-architecture)

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