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Brit AI chip outfit Graphcore hit by US export rules

AI chip developer Graphcore is laying off staff in China after ceasing sales in the country, following the introduction of updated US export restrictions.… ....

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graphcore funding: Nvidia rival Graphcore in need of funding as losses mount

Graphcore produces AI chips called intelligence processor units (IPUs) that aim to take on Nvidia. It reported pre-tax losses widened 11% to $204.6 million, according to a filing of its 2022 financial statements filed Wednesday. ....

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