FuriosaAI Rejects $800M Acquisition Offer From Meta, Focuses On AI Chip Development

by THEFUTURE.TEAM

March 24, 2025

FuriosaAI, a South Korean startup specializing in AI chips, has turned down an $800 million acquisition offer from Meta, opting instead to continue developing its AI chip technology, according to reports from local media.

The breakdown in negotiations was reportedly due to differences in business strategy and organizational structure post-acquisition, rather than concerns over the offered price.

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Meta, which has been actively working to reduce its dependence on Nvidia for chips used in training large language models (LLMs), had shown interest in FuriosaAI’s specialized chips. The tech giant unveiled its custom AI chips last year and committed up to $65 billion for AI investments in 2025. However, FuriosaAI’s plans remain focused on refining and producing its AI chips, Warboy and Renegade (RNGD), which aim to challenge industry leaders like Nvidia and AMD.

Despite rejecting the acquisition, FuriosaAI is reportedly in discussions with investors to raise around $48 million (KRW 70 billion), with plans to finalize the funding this month. The startup has successfully tested its RNGD chips in collaboration with LG AI Research and Aramco, with LG reportedly planning to incorporate these chips into its AI infrastructure. FuriosaAI is on track to launch the RNGD chips later this year.

Founded in 2017 by June Paik, a former Samsung Electronics and AMD executive, FuriosaAI is positioning itself as a key player in the rapidly evolving AI chip market.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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