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Here’s an interesting investing move from two industry heavyweights.

Microsoft co-founder Bill Gates, Uber co-founder Travis Kalanick’s 101100 fund and current Uber CEO Dara Khosrowshahi have invested in Luminous, a small start-up building an artificial intelligence chip.

The investment shows key figures in the technology industry believe there is still an opportunity for a new standard to emerge when it comes to hardware for AI, which can be incorporated into a variety of software applications.

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