After raising $730M, UK chip startup Graphcore reported just ~$5M in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips (Mark Bergen/Bloomberg)

by #AI May 31, 2023 · Automatic

Mark Bergen / Bloomberg:
After raising $730M, UK chip startup Graphcore reported just ~$5M in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips — Nvidia is riding the AI wave to absurd heights. Its UK rival: not so much. But first… If your company sells components designed …