The Bristol-based Graphcore company is working on creating a new class of IC chips for artificial intelligence technologies. The company’s management claims that its processing units are the first in the world to better cope with the huge amounts of data needed, to create computers with artificial intelligence. The company has already sent Graphcore customers – the first blocks of their Colossus processors, designed to launch machine learning programs.
Graphcore believes that existing processors, like Intel and Nvidia, have limitations that slow down the development of artificial intelligence technology, and Graphcore allows computers to learn automatically. The executive director Nigel Toon said that such a fast-growing market as a machine intelligence market will allow the construction of a global technology company and mark the beginning of a new era of computing technology in the world.
This year, Graphcore has already raised $ 200 million from investors, including the giants Microsoft and BMW. This business is tentatively estimated at $ 1.7 billion. Such major market players as Dell, Atomico, Samsung, Sofina, Amadeus Capital, Sequoia Capital and Draper Esprit took part in the new round of financing this company.
Last year, Graphcore attracted funding in the amount of $ 30 million, which was attended by the project on artificial intelligence DeepMind from Google in the person of Executive Director Demis Hassabis.
Also such IC chips in the world are developing well-known companies in this field as Nvidia, Qualcomm and Huawei. Internet giant Google is also leading the development of its own specialized chips for artificial intelligence.
The management of the Graphcore company has already announced the immediate plans for the development of the company. These plans include development of the head office in Bristol, offices in the USA, London, China, Norway, Taiwan, hiring more employees for all branches and offices of the company in the world. The company plans to support innovators in the field of technology development for artificial intelligence and sees a great future for the field of AI.