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AI Chipmaker Graphcore Raises $222M in Series E Funding Round, May Go for IPO Dec 29 2020 · 12:25 UTC by Daria Rud · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. With the money from Series E Round, the total funds raised by Graphcore total over $710 million. The company is expecting to have over $440 million of cash on hand post-closing to support future growth. Graphcore, a UK-based semiconductor company that develops accelerators for AI and machine learning, has announced it raised as much as $222 million in a Series E funding round. The company cal...

AI chipmaker Graphcore raises $222M at a $2.77B valuation and puts an IPO in its sights 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 world of designing and building processors fit for the task has closed a major round of funding as it takes its business to the next level. Graphcore, the Bristol,...

Huawei and top Chinese AI startup accused of building 'Uyghur alarm' facial recognition scanner for govt Plus: Graphcore pits its latest AI chips against Nvidia's A100, and Google CEO apologises for ousting a top AI ethics researcher Katyanna Quach Sat 12 Dec 2020 // 11:02 UTC Share Copy In brief Huawei, already sanctioned by the US for helping the Chinese government crack down on Uyghur muslims, built facial recognition software to surveil the ethnic group and alert authorities whenever a positive match was detected, it's claimed. The company collaborated with AI star...