CognitChip's AI technology aims to reduce chip design time by 50% and the required resource commitment by up to 75%.

Using AI tools, sophomore-level university students at hackathons sponsored by CognitChip were able to design entire CPUs and custom accelerators in five days.

The current chip design process is based on a 1990s waterfall development model, which is inflexible and requires a complete redesign if requirements change.

The chips running today's software were designed three or more years ago, creating a significant gap between hardware capabilities and software needs.

The design cycle for a new semiconductor chip can take two to three years, with an equally long period to receive the first samples.

The process to design and build a new chip can cost $300 million and take four years to go into service.