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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Bank Of England Holds Rates At 3.75% In Split Vote As Inflation Risks Rise

by THEFUTURE.TEAM

September 17, 2026

The Bank of England kept its benchmark interest rate at 3.75% on Thursday, but the decision was not unanimous. In a 6-3 vote, the Monetary Policy Committee kept rates unchanged, while three members backed a 25-basis-point increase to 4%. Renewed energy price pressures have added to concerns that inflation could remain elevated.

Inflation Pressures Remain

Policymakers said inflation “is likely to rise further over coming quarters,” citing higher and more volatile crude oil and refined energy prices since the conflict began.

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So far, there has been “little evidence” of significant second-round effects, such as broader wage and price increases. Inflation risks, however, are now “tilted to the upside” and have increased since the July Monetary Policy Report.

Energy Prices Add To Inflation Risks

Brent crude has risen 36% since July, reaching $106 a barrel on Sept. 14, while UK wholesale gas prices increased 78% to 207 pence per therm.

Higher energy costs can feed into transport, production and household expenses, raising costs across supply chains. Refinery pressures have also pushed crack spreads, the difference between refined fuel and crude prices, well above pre-conflict levels.

Economy Shows Resilience

Despite the inflation risks, UK economic activity has held up slightly better than the Bank expected. A softer labor market and higher borrowing costs are expected to help reduce inflation over time.

Previous monetary tightening is still working through the economy, according to policymakers. So far, the latest energy shock has not produced clear evidence of a broader wage-price spiral.

Major Central Banks Take Different Paths

The decision comes during a busy period for global monetary policy. The Federal Reserve raised rates Wednesday to 3.75%-4% in its first increase since 2023, while the European Central Bank recently lifted its deposit rate to 2.5%.

The Bank of Japan is due to announce its decision Friday, with markets expecting a rate increase. Thursday’s split vote shows that pressure for tighter policy remains within the Bank of England’s Monetary Policy Committee.

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