AI Chip Startup Graphcore Recieves $30 Million from Samsung, Others

AI Chip Startup Graphcore Recieves Million from Samsung, Others

The UK company wants to take on leaders Intel and Nvidia in developing processors for machine learning and artificial intelligence applications. A startup that is designing a processor aimed specifically at machine learning and artificial intelligence applications is getting a $30 million boost from a range of investors, including Samsung.Graphcore, which has been working for the past two years in Bristol, England, laying the groundwork for its upcoming intelligent processing unit (IPU), came out of stealth mode Oct. 31 and announced the $30 million in Series A funding, which included not only the Samsung Catalyst Fund but other venture capital firms like Robert Bosch Venture Capital, Amadeus Capital Partners and C4 Ventures. Company officials said the goal is to create processors that will speed up machine learning by 10 to…


Link to Full Article: AI Chip Startup Graphcore Recieves Million from Samsung, Others