Coatue, MatX in Talks on New Multibillion Chip-Financing Venture

Investment firms and tech companies are devising increasingly novel structures to get around the financial and hardware supply constraints of the AI boom. In the latest example, Coatue Management is in talks to form a joint venture involving MatX, a young AI chip startup, to help it overcome fierce component shortages, according to people with knowledge of the deal. MatX has developed a chip that can handle both training of AI models and inference—running the models—and has...