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Srijan Linga is holding office as the Chief Executive Officer of Lazen of Kandu AI in Switzerland. Founder and current CEO Amin Shrinklelahi will become the Chief Technology Officer. The company, established in 2011, is planning to produce a semiconductor for Cloud-Service and hardware providers in the US, USA.
“AI’s age is here,” Linga said. “But the cost of the AI system needs to come down dramatically to be omnipresent.”
In 2023, the President Joe Biden’s administration turned the penis away from Goldman to help the US creating chips, a semi-investment firm intended to ramp the US semiconductor production. Linga, 41, which was a chief member of the government’s AI Task Force within the US Department of Commerce and reported to the then Commerce Secretary Gina Rayamondo, left the Chips program in January.
The semiconductor, which offers AI’s hardware bedock, costs steep costs and, with recent hazards from the Chinese AI firm Dipsek, there is pressure on American companies at low prices. Linga stated that the AI Memory industry is a barrier to entry into the industry, and their firm plans to reduce prices with energy-skilled chips.
The Chips and Science Act signed in Biden in 2022 bid $ 52 billion to revive the American semiconductor industry. President Donald Trump has complained that the program was a waste of taxpayer’s money, and inspired Republican MPs to scrap the law, arguing that tariffs work better than subsidy to encourage investment in America.
Linga said that he is less concerned that the Trump administration plans to bring the supply chain to the US and more with the final point.
“It is a matter of debate that what is the most effective in the matter of encouraging companies to build more in the US, whether it is grant or tariff,” he said. “It is important for national security objectives to build in the US and enable companies to build emerging technologies. This is a priority. I am not worried about what the tariffs will do.”
Instead of returning to banking, Linga is taking advantage of its master’s degree in Electrical Engineering and Computer Science from Massachusetts Institute of Technology, as well as with the experience of running a global structured-credit financing group in Goldman, for the US rollout of Kando AI.
-With help from Shridhar Natarajan.
Such more stories are available Bloomberg.com