Bloomberg reports that Rain AI, which has OpenAI CEO Sam Altman as one of its backers, has hired Apple chip exec Jean-Didier Allegrucci to oversee the development of new AI processors that are supposed to reduce power consumption with “in-memory compute.”

Rain AI:

[Allegrucci] has worked and led silicon teams across a broad range of applications, including CPUs, GPUs, NPUs, ISPs, SoCs, and many others....At Apple, he oversaw the development of more than 30 SoCs used for flagship products, including iPhones, Macs, iPads, Apple Watch, and many more.