AI News: Movidius Miriad X, Cambricon Raises $100M in Series A Round

TomsHardware: Intel Movidius releases Miriad X Vision Processing Unit (VPU) with a dedicated Neural Compute Engine. The SoC includes vision accelerators, a Neural Compute Engine, imaging accelerators, and 16 SHAVE vector processors with a total of up to 4 TOPS (Trillion Operations Per Second) of performance in 1.5W power package:

Medium, China Money Network: China-based Cambricon AI startup raises $100M at reported $1b valuation. Cambricon was founded by Prof. Chen Tianshi in 2016 as a spin-off from the Institute of Computing Technology of the Chinese Academy of Science. Its processor, the Cambricon-1A, is claimed to be the first commercial chip for deep learning applications and can be used in robotics, drones, autonomous vehicles and consumer electronics. It is said to have a better performance when running mainstream AI algorithms, is more energy efficient and has a higher integration density.

The total revenue of the AI-related deep learning chip market is forecast to rise from $500M in 2016 to $12.2b in 2025 at CAGR of over 40%, according to Tractica market research.

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