Imagination Technologies has made a major investment by Fortress Investment Group, securing a $100 million convertible term loan. The financing will be used to drive development of cutting-edge solutions in graphics, compute, and AI technologies. The investment comes as AI and edge computing continue to increase in significance, with the AI semiconductor market estimated to grow over $1 trillion by 2030. This strategic investment positions Imagination for dramatic growth in next-generation tech markets.
Source: Imagination Technologies News