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Graphcore - 4 Nigel Toon - 4 Toon - 3 Sam Altman - 2 it's - 2 Rishi Sunak - 2 we'll - 2 — - 1
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Search resuls for: "Nigel Toon"


6 mentions found


☆ OpenAI is just one piece of the puzzle in SoftBank's grand vision for AI
  + stars: | 2024-10-02 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +7 min
It will also end the week with another reputation: a new piece in the grand puzzle being solved by Masayoshi Son. Related storiesMasayoshi Son's AI vision is ambitiousOpenAI CEO Sam Altman will form just one part of Masayoshi Son's AI plans. Andrew Caballero-Reynolds/AFP/Getty ImagesTo understand Son's grand AI ambitions, it's worth first zooming out to see how SoftBank currently maps out AI investment opportunities. As of June, Vision Fund 1's gains were $21.7 billion, while Vision Fund 2 losses totaled $22.9 billion. AdvertisementSo it's become clear that Son's focus has fallen on the other part of his AI investment stack.
Persons: —, Masayoshi Son, Sam, Sam Altman's, ChatGPT, Sam Altman, Andrew Caballero, Reynolds, SoftBank, it'll, Son's, it's, Son, Michael M, Graphcore, Nigel Toon, OpenAI's Altman, Lionel Barber, Barber Organizations: Service, Bloomberg, Getty, Business, Microsoft, Vision, Vision Fund, Nvidia, Nikkei, Wall Street, Financial Times Locations: Tokyo, AFP
☆ Analysis: AI summit a start but global agreement a distant hope
  + stars: | 2023-11-03 | by ( Martin Coulter Paul Sandle | Martin Coulter | Paul Sandle | ) www.reuters.com   time to read: +5 min
British Prime Minister Rishi Sunak attends an in-conversation event with Tesla and SpaceX's CEO Elon Musk in London, Britain, Thursday, Nov. 2, 2023. Risks around rapidly-developing AI have been an increasingly high priority for policymakers since Microsoft-backed Open AI (MSFT.O) released ChatGPT to the public last year. "It was fascinating that just as we announced our AI safety institute, the Americans announced theirs," said attendee Nigel Toon, CEO of British AI firm Graphcore. China’s vice minister of science and technology said the country was willing to work with all sides on AI governance. Yoshua Bengio, an AI pioneer appointed to lead a "state of the science" report commissioned as part of the Bletchley Declaration, told Reuters the risks of open-source AI were a high priority.
Persons: Rishi Sunak, Tesla, Elon Musk, Kirsty Wigglesworth, Sam Altman, Kamala Harris, Ursula von der Leyen, China –, Sunak, Finance Bruno Le Maire, Vera Jourova, Jourova, Harris, Nigel Toon, Wu Zhaohui, Musk, you’ve, Martin Coulter, Paul Sandle, Matt Scuffham, Louise Heavens Organizations: British, Elon, U.S, European Commission, Microsoft, of, Finance, EU, Reuters, Thomson Locations: London, Britain, China, Bletchley, U.S, South Korea, France, United States
☆ AI chip startup Graphcore was meant to be a hot Nvidia rival. Industry insiders now think it's up for sale.
  + stars: | 2023-10-27 | by ( Shona Ghosh | Hasan Chowdhury | Riddhi Kanetkar | ) www.businessinsider.com   time to read: +3 min
Not every AI company is hot right now. While European and US tech investors are throwing funding at startups that look like the next Nvidia or ChatGPT, they're less optimistic about one big player: British AI chip company Graphcore. The UK tech industry is small, and Insider granted anonymity to these people to avoid jeopardizing their professional relationships. One founder operating in the same space as the AI chip firm speculated that Arm could be a leading contender to acquire Graphcore. In September, Toon pitched Graphcore in an interview with Insider as a viable rival to Nvidia, which holds around 70% of the AI chip market, per Omdia analysis.
Persons: Graphcore, Baillie Gifford, it's, Nigel Toon's, Toon, we'll, Rishi Sunak Organizations: Nvidia, Graphcore, Insider, Sequoia Capital, Bloomberg, UK, China Locations: British, Europe
☆ Graphcore, which wants to be an AI chip rival to Nvidia, has shut offices and needs more investor cash
  + stars: | 2023-10-06 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +2 min
It's boom times for pretty much every business in artificial intelligence or chips — but not for British firm Graphcore. Graphcore, founded out of Bristol in 2016, develops specialized hardware for AI and machine-learning applications. Graphcore stated in its filing that it was in discussions with investors but had yet to agree a deal. Insider reported in October that existing investor Sequoia had written down its stake in Graphcore. In his September interview, Toon said Graphcore was at an "expensive" incubation phase as customers test out its processors.
Persons: Nigel Toon, Graphcore, Toon Organizations: Nvidia, Sequoia, Microsoft Locations: Bristol, Norway, Japan, South Korea, Graphcore
☆ Nvidia has a stranglehold on AI companies as a chip shortage begins to bite. This rival CEO is eager to offer an alternative.
  + stars: | 2023-09-15 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +4 min
Nvidia's GPUs have become a vital resource in the race to develop AI models like GPT-4. Huge demand for GPUs has created a shortage that risks stunting AI development. In other words, Nvidia has a stranglehold on companies looking to accelerate the development of their AI models in ways that could revolutionize how the entire economy operates. AdvertisementAdvertisementHaving a more advanced bit of hardware isn't enough to pry companies away from Nvidia. It's also working on its own software, known as Poplar, to offer that same kind of plug-and-play usability as Nvidia.
Persons: Nigel Toon, Google's Bard, Jensen Huang, Graphcore, Toon, It's, we'll, they'll Organizations: Service, Nvidia, Sequoia Locations: Wall, Silicon, Graphcore, China
☆ In the Whirl of ChatGPT, Startups See an Opening for Their AI Chips
  + stars: | 2023-02-27 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: +5 min
Generative AI and large language models like OpenAI’s ChatGPT require massive amounts of computing power to run, and typically rely on chips like Nvidia’s graphics-processing units, or GPUs, that are specialized for these types of calculations. Graphcore sells primarily to AI startups looking to build and train models at lower cost, he said, and the company is benefiting from the proliferation of those startups. Shane Rau, who leads International Data Corp.’s semiconductor research, said chip startups are increasingly pivoting to focus their products on supporting large language models. Still, he added, “you’re going to see a combination of real adaptation and marketing.”“There will be the pressure to say: ‘Hey, we’re already relevant, our AI chip technology’s already relevant to generative AI’,” said Mr. Rau. Some chip makers say they expect yet another surge in demand once businesses more widely adopt generative AI.
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