February 25 - 12:02
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UK AI chipmaker, Graphcore raises $150 million in funding
Bristol-based AI startup, Graphcore has raised $150 million in funding - bringing its total valuation to $1.95 billion. Graphcore's claim to fame is its Intelligence Processing Unit (IPU) which takes design cues from the human brain's ability to think in "parallel" processing mode. Past backers of the startup include BMW and Microsoft. The company has also amassed $300 million in cash reserves.
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