This Bristol company, founded in 2016, is aiming to provide the computing power that is needed to handle the advances being made in areas such as machine learning and AI. It claims its intelligence processing unit is 10 to 100 times faster than existing alternatives from the likes of Nvidia. Graphcore was co-founded by chief executive Nigel Toon, 55, and Simon Knowles, 57, who previously launched semiconductor company Icera, which they sold to chip-maker Nvidia for £315m in 2011. The company’s AI chip has caught the interest of heavyweight investors including venture capital firms Sequoia and Atomico, as well as angels such as Robin Saxby, co-founder of ARM, and Demis Hassabis, co-founder of DeepMind, raising a total of $110m.
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