- Published on May 10, 2023
- In AI Features
Make Meta Great Again
Graphcore x Meta: A match made in heaven
- By Ayush Jain
A month ago, reports emerged that Sequoia Capital had written off its stake in Graphcore, a semiconductor company based in Bristol. Graphcore has raised $682M to compete with US-based firms such as Nvidia Corp and Advanced Micro Devices (AMD), which dominate the market for AI chips.
Unable to compete with its US rivals who were offering GPUs at ‘low cost’, owing to government subsidies, the company had to go through broad restructuring plans. As a result, it had to shut down its Oslo office. Next thing you know, a number of highly skilled engineers from the Oslo team have joined Meta for the design and development of supercomputing systems to support AI and machine learning at scale in Meta's data centers.
Graphcore’s miseries
Struggling to keep up with its US competit
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Ayush Jain
Ayush is interested in knowing how technology shapes and defines our culture, and our understanding of the world. He believes in exploring reality at the intersections of technology and art, science, and politics.
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