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Lambda Labs' COO has left the AI cloud provider to head Positron, a startup trying to compete with Nvidia

Jan 27, 2025 - businessinsider.com
Mitesh Agrawal, former COO of Lambda Labs, has transitioned to the role of CEO at AI hardware startup Positron. Lambda Labs, valued at over $2 billion, focuses on deploying cloud infrastructure and renting out servers powered by Nvidia GPUs. Agrawal played a significant role in Lambda's growth and pivot towards cloud services. His move to Positron is driven by the increasing demand for efficient AI model inference, particularly for transformer models used in applications like ChatGPT.

Positron, founded by Thomas Sohmers in 2023, aims to compete with Nvidia by offering faster and more energy-efficient hardware for transformer model inference. The company claims its hardware outperforms Nvidia's H100 and H200 GPUs in terms of performance, power, and affordability. By focusing on this niche, Positron seeks to differentiate itself from Nvidia's broader product range. Agrawal is confident in Positron's ability to attract customers due to its hardware's compatibility with various transformer models and its ability to seamlessly integrate with models trained on Nvidia GPUs.

Key takeaways:

  • Mitesh Agrawal, former COO of Lambda Labs, has become the CEO of AI hardware startup Positron.
  • Positron aims to compete with Nvidia by offering faster, energy-efficient AI hardware for transformer model inference.
  • Lambda Labs, valued at over $2 billion, focuses on deploying cloud infrastructure and renting out servers powered by Nvidia GPUs.
  • Positron's hardware claims to outperform Nvidia's GPUs in performance, power, and affordability, targeting the niche of transformer model inference.
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