Category Archives: Graphcore

SambaNova raises $676M at a $5.1B valuation to double down on cloud-based AI software for enterprises

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Artificial intelligence technology holds a huge amount of promise for enterprises — as a tool to process and understand their data more efficiently; as a way to leapfrog into new kinds of services and products; and as a critical stepping stone into whatever the future might hold for their businesses. But the problem for many […] Continue reading SambaNova raises $676M at a $5.1B valuation to double down on cloud-based AI software for enterprises→

AI chipmaker Graphcore raises $222M at a $2.77B valuation and puts an IPO in its sights

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Applications based on artificial intelligence — whether they are systems running autonomous services, platforms being used in drug development or to predict the spread of a virus, traffic management for 5G networks, or something else altogether — require an unprecedented amount of computing power to run. And today, one of the big names in the […] Continue reading AI chipmaker Graphcore raises $222M at a $2.77B valuation and puts an IPO in its sights→

Mythic nets $40M to create a new breed of efficient AI-focused hardware

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Another huge financing round is coming in for an AI company today, this time for a startup called Mythic getting a fresh $40 million as it appears massive deals are closing left and right in the sector. Mythic particularly focuses on the inference side of AI operations — basically making the calculation on the spot […] Continue reading Mythic nets $40M to create a new breed of efficient AI-focused hardware→

The red-hot AI hardware space gets even hotter with $56M for a startup called SambaNova Systems

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Another massive financing round for an AI chip company is coming in today, this time for SambaNova Systems — a startup founded by a pair of Stanford professors and a longtime chip company executive — to build out the next generation of hardware to supercharge AI-centric operations. SambaNova joins an already quite large class of […] Continue reading The red-hot AI hardware space gets even hotter with $56M for a startup called SambaNova Systems→

Graphcore raises $50M amid a flurry of AI chip activity

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 While some of the largest chip manufacturers are looking to shift their focus onto the GPU for their biggest machine learnings, there’s a blooming ecosystem of new chip startups looking to rethink the way processing for AI works That includes a European-based startup called Graphcore, which said today that it has raised $50 million in new financing led by Sequoia Capital. Graphcore,… Read More Continue reading Graphcore raises $50M amid a flurry of AI chip activity→