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DoublesAI unveils CEM AI model to cut computing costs by up to 67 percent

Nvidia-backed Israeli startup DoublesAI is introducing an AI model aimed at cutting companies\' computing costs, the Wall Street Journal reported on Oct. 19. The company, founded by Mobileye co-founder and CEO Amnon Shashua (암논 샤슈아), has raised $220 million from investors including Lightspeed Venture Partners, Bessemer Venture Partners, Nvidia and Dell. DoublesAI says an early customer reduced computing costs by 67 percent. Its first product, Maxwell, is to be supplied from late October.