Mythic launches analog AI processor that consumes 10 times less power

Mythic M1076

Analog AI processor company Mythic launched its M1076 Analog Matrix Processor today to provide low-power AI processing. The company uses analog circuits rather than digital to create its processor, making it easier to integrate memory into the processor and operate its device with 10 times less power than a typical system-on-chip or graphics processing unit (GPU).

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Graphcore raises $222 million to scale up AI chip production

Graphcore claims its M2000 AI computer hits 1 petaflop

Graphcore, a Bristol, U.K.-based startup developing chips and systems to accelerate AI workloads, today announced it has raised $222 million in a series E funding round led by the Ontario Teachers’ Pension Plan Board. The investment, which values the company at $2.77 billion post-money and brings its total raised to date to $710 million, will be used to support continued global expansion and further accelerate future silicon, systems, and software development.

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ProteanTecs raises $45 million to apply AI to chip design and performance monitoring

ProteanTecs, which provides an AI platform to monitor chip reliability, today closed a $45 million funding round. The company says the fresh capital will bolster its go-to-market strategy and operations as it seeks to scale worldwide.

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