back to article AI chip biz Graphcore seeks capital to remain going concern

AI chip startup Graphcore must raise new funds from investors within the next few months in order to offset mounting losses incurred over the prior financial year, and remain a "going concern." The company, based in Bristol in the southwest of England, was touted by some as a potential rival for GPU-giant Nvidia in the AI …

  1. Korev Silver badge
    Facepalm

    If Wired are to be believed, the the UK Government wrote an tender in such a way that Graphcore couldn't apply at the same time as making noises about the UK becoming an AI superpower (see icon) ...

  2. pimppetgaeghsr

    From what I gather the company was run like an old boys club at the top and an exclusive tech-bro treehouse club below. Friends of the founders getting VP of engineering roles whilst what little talent the UK has was getting turned away if they couldn't say why Graphcore was the best company to ever exist convincingly in the interviews. All that money went to their head and they missed the biggest opportunity in a lifetime. Over-engineered hardware and non-existent software strategy. It's kind of a microcosm for the entire UK tech culture right now.

  3. MikeLivingstone

    Similar fate for most AI Chip startups

    The AI chip startup space is littered with firms with unusable architectures - mainly down to inadequate software stacks. NVIDIA has most of the cards, and the only ones who can compete and build their own chips are the hyperscalers - who also have developers en mass and loads of data to train the models.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like