Mythic raises $8.8 million to put AI on a chip

Mythic is one of them, and it claims to be taking a different approach. The Austin, Texas-based startup wants to move away from the cloud and a dependence on network connections by putting AI-on-a-chip inside smart devices, like security cameras and health wearables. DFJ believes in the potential of this approach to AI and led an $8.8 million round into Mythic that was announced today. The startup has developed both software and microchips to make its AI smarter and faster. Today, artificial neural networks need big server racks powered by graphics processing units (GPUs) to handle complex algorithms.