Post by Baron von Lotsov on Jul 12, 2024 11:02:43 GMT
Which in tern follows Google's takeover of Deepmind.
Can you see a pattern here? Any technology firm founded by the Brits gets bought up by foreigners. However talking of foreigners, it is interesting to note that at a time when they are generating an income of 100 times less than their operating costs they decide to pull out of China.
You see their product is server AI chips designed for data centres. An AI chip is similar to a GPU, which is a specialised processor for doing a lot of parallel matrix multiplies so it runs far more efficiently than a general purpose calculating machine. The idea is you provide AI cloud services so for example if you had a mobile phone and needed some heavy duty AI processing done it would run your battery down very fast and the hardware would not fit in the phone anyway, so the trend these days is to make it an online service. Graphcore's market is worth billions and it a steeply rising market right now. China has been banned by the US for supply of high power AI chips made by Nvidia, so they are in the market for AI chips over there and there is a shortage. They could make a fortune, except governments are likely telling them they can't.
Some News details here.