UK chip start-up Graphcore raises £30m for take on AI giants

A Bristol-based computer chip start-up has raised more than $30m to take on industry giants Intel and Nvidia, in the fast-growing market for artificial intelligence hardware. Graphcore intends to design hardware specifically for machine learning applications, from cloud computing to robotics and autonomous driving, but with up to 100 times more processing power than today’s chips. Among its early backers are technology group Samsung, German engineer Bosch and Hermann Hauser, the founder of Cambridge-based chip designer Arm. Currently, companies working on AI algorithms — programs that can recognise objects, understand human language, and drive cars — use standard graphics processing units to crunch large amounts of data. Graphcore’s new chips, unlike these conventional processors, are designed specifically to power machine learning systems, which the company says gives them more power.…

Link to Full Article: UK chip start-up Graphcore raises £30m for take on AI giants

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