EDITION

US Edition

Coverage of US markets, technology, and business

AI ★ FEATURED

Twelve Labs raises $100 million as Amazon bets its Trainium chips on video AI

Twelve Labs raised a $100 million Series B co-led by NEA and Naver, with Amazon among the backers, according to Bloomberg. The bigger news is buried in the fine print: AWS signed a multiyear deal to run the video AI startup's workloads on its Trainium chips, pulling a company Nvidia once backed early deeper into Amazon's custom silicon strategy.