AI Chip Unicorns Raise Additional Funding

Two of the AI chip industry's most promising startups for enterprise computing, Graphcore and SambaNova, have raised additional funding this week. Each has its own approach to AI hardware. Both are competing to supply silicon for AI workloads in data centers. Both also have unicorn status -- that is, they are private companies valued at more than $1 billion. Graphcore Round D2 Graphcore, based in Bristol, UK, has raised $150 million in a D2 round in a bid to secure its position as a leading pure-play AI processor company. The company's previous funding round, series D, was completed at the end of 2018 and raised $200 million.