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Graphcore was UK's AI Champion—Now it’s fighting to survive

Wired · 1y ago

Graphcore was UK's AI Champion—Now it’s fighting to survive

Graphcore, a UK-based chipmaker specialized in AI hardware, is struggling to secure funding and turn early hype into sales. The company, valued at $2.5 billion, hoped to benefit from the UK government's investment in strategic reserves of chips and the construction of an exascale supercomputer. However, despite Graphcore's appeal for funding, the company has not received support and now faces uncertainty. The company's technology, focused on intelligence processing units (IPUs) instead of the dominant GPUs, may be a barrier to adoption. Graphcore's exclusion from government initiatives has further hindered its visibility and growth.

Related News

SoftBank seeking to invest or partner with OpenAI: Report

Livemint

Livemint · 1y ago

SoftBank seeking to invest or partner with OpenAI: Report

SoftBank is considering investing in the AI sector and may spend billions in the field, according to the Financial Times. The company is exploring options like a strategic partnership or investment in Open AI, as well as potentially acquiring UK-based AI chipmaker, Graphcore. Although Graphcore has denied receiving an offer from SoftBank, the company has not commented on the matter.

Tiny AI chip designer could become Arm's sibling - Softbank rumored to be interested in buying cash-strapped Graphcore with its IPU crown jewel likely to be the target

Techradar

Techradar · 1y ago

Tiny AI chip designer could become Arm's sibling - Softbank rumored to be interested in buying cash-strapped Graphcore with its IPU crown jewel likely to be the target

UK-based AI chip designer Graphcore is reportedly considering a sale as it struggles to capitalize on the AI boom and compete with Nvidia. Despite significant funding, the company's revenue dropped 46% last year, leading to widened losses. Potential buyers include Arm, Softbank, and OpenAI. Graphcore is also seeking new funding and needs to raise additional funds by May to stay operational. Any sale, estimated to be over $500m, may face scrutiny from national security officials due to the strategic importance of AI technology.

Nvidia rival Graphcore in need of funding as losses mount

Economic Times

Economic Times · 1y ago

Nvidia rival Graphcore in need of funding as losses mount

Graphcore, a UK-based artificial intelligence chipmaker and Nvidia competitor, is seeking additional funding as it faces mounting losses. The company has been developing chips designed for machine learning applications. However, it faces stiff competition from industry giants like Nvidia and AMD. Graphcore's financial challenges highlight the fierce competition in the AI chip market and the need for substantial investments to stay competitive.

Microsoft just set the stage for an all-out AI talent war with Google

Business Insider

Business Insider · 1y ago

Microsoft just set the stage for an all-out AI talent war with Google

Microsoft is establishing a new artificial intelligence (AI) unit in London, led by former DeepMind researcher Jordan Huffman. This move puts Microsoft in direct competition with Google DeepMind, its biggest AI rival. The expansion into London's AI talent pool is seen as a strategic move by Microsoft to bolster its own AI division. DeepMind, which was acquired by Google in 2014, has been considered a significant player in the UK's AI scene. Given the increasing competition for AI talent, retaining and attracting top researchers has become crucial for tech companies like Google.

Microsoft's Mustafa Suleyman is opening an AI hub in London — here's why

Business Insider

Business Insider · 1y ago

Microsoft's Mustafa Suleyman is opening an AI hub in London — here's why

Microsoft is opening an AI hub in London, competing with other tech companies in the race for top AI talent. The move follows Microsoft's recent hiring of Mustafa Suleyman, co-founder of Google DeepMind, to lead the company's consumer AI initiatives. The AI hub will be based in Microsoft's London Paddington office and will focus on language models and infrastructure. Microsoft plans to invest significantly in the UK's AI talent pool and will be posting job openings in the coming weeks. Suleyman highlighted the UK's commitment to responsible AI advancement and his close work with government, academia, and the business community in the country.

A ‘Green’ Search Engine Sees Danger—and Opportunity—in the Generative AI Revolution

Wired · 1y ago

A ‘Green’ Search Engine Sees Danger—and Opportunity—in the Generative AI Revolution

Berlin-based search engine Ecosia, known for its environmentally friendly approach, is expanding its partnership with Google in a bid to stay ahead of the generative AI revolution in search. Previously relying on Microsoft's Bing, Ecosia is now primarily sourcing results from Google, although it will still syndicate some Bing results via marketing firm System 1. The shift presents both opportunities and challenges for Ecosia, as it strives to compete with chatbot-style search engines while grappling with legal and ethical implications. Furthermore, the energy-intensive nature of generative AI raises concerns for a company dedicated to fighting climate change.

80% faster decisions seen in firms using intellsys

Inshorts · 1m ago

80% faster decisions seen in firms using intellsys

With intellsys, decision-making speed has skyrocketed. Teams that previously waited days for reports now act in minutes, using AI-generated summaries and visual dashboards. Whether it’s campaign analysis or financial forecasting, business leaders are replacing slow, fragmented workflows with rapid, insight-led choices - making agility a competitive edge.

Dana White, CEO of Ultimate Fighting Championship, joins Meta's board

Economic Times

Economic Times · 7m ago

Dana White, CEO of Ultimate Fighting Championship, joins Meta's board

Meta has appointed Dana White, CEO of Ultimate Fighting Championship, to its board, strengthening ties with the incoming Trump administration. White, known for entrepreneurship and building UFC into a global brand, has bonded with Meta CEO Mark Zuckerberg over shared interests in professional fighting. Meta also added John Elkann and Charlie Songhurst as new board members, highlighting future opportunities in AI and wearables. This comes amid criticism from Republicans about Meta's content moderation policies.

SoftBank to log slim profit ahead of Masayoshi son’s next AI bet | Mint

Livemint

Livemint · 1y ago

SoftBank to log slim profit ahead of Masayoshi son’s next AI bet | Mint

SoftBank Group is expected to report a net income of ¥1 billion ($6.9 million) for the June quarter, compared to a loss of ¥477.6 billion a year ago. However, this small profit highlights the continued negative impact of loss-making startups on the company's books. SoftBank's stock recently suffered a sharp decline, which could affect its ability to secure financing. Despite this, founder Masayoshi Son is preparing for his next big bet on artificial intelligence, with plans to deploy $100 billion into AI-related chips. The recent acquisition of Graphcore reflects SoftBank's interest in the AI supply chain.

As China's AI 'war of a hundred models' gains pace, investors warn of a shakeout

Economic Times

Economic Times · 1y ago

As China's AI 'war of a hundred models' gains pace, investors warn of a shakeout

China's AI industry is experiencing a boom of product announcements amid the growing demand for generative artificial intelligence. However, investors are cautioning about an impending shakeout as cost pressures and profit challenges arise. China now has 130 large language models (LLMs), accounting for 40% of the global total. Players like Tencent, Baidu, Alibaba, and Huawei are promoting their offerings, while investors anticipate consolidation and a price war as companies vie for market share. Only the strongest players are predicted to survive, with analysts expecting a reduction in capacities and intensification of competition in the next months.

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