Nvidia and AMD may face entirely new threat from $100 billion firm — will OpenAI end up buying Graphcore to build its own chips?

Graphcore, the chipmaking startup that after counted Microsoft amongst its clients, might battle to remain afloat except it pulls in tens of millions of {dollars} in financing throughout the subsequent few months, based on its newest accounts.

Though the explosion of the AI business means chips are in high-demand, Graphcore hasn’t been in a position to capitalize on this. The UK-based unicorn was as soon as thought of a key rival to the likes of Nvidia and AMD, having achieved a valuation of $2.5 billion in 2020 following its newest funding spherical. However as a consequence of decrease gross sales from “key strategic clients”, revenues have fallen, based on Sifted

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