VCs Dangle AI Chips to Woo Founders

Venture capitalists have long flaunted their ties with startup founders. Lately they have been touting a different relationship: their connections with the biggest providers of artificial intelligence chips.

VC partners competing to win sought-after investments in AI startups have been highlighting their relationships with Amazon, Microsoft and Google, which can give startups access to servers equipped with hard-to-get chips known as graphics processing units for developing AI software. Some firms, such as Greylock Partners, Bessemer Venture Partners and Madrona, say …

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