AI Chip Startup Graphcore Raises $200 Million From BMW, Microsoft
UK semiconductor designer Graphcore has raised $200 million from investors including BMW AG and Microsoft
• The startup is one of the leading companies trying to design a better class of AI chips than the ones sold by Intel and Nvidia
• The round valued Graphcore at $1.7 billion, the company said Tuesday
• The valuation comes at a time when investors are skeptical of the semiconductor industry, but AI is getting more attention