Intel Corp.’s venture capital arm has co-led a $125 million funding round for chip startup Untether AI Inc., whose artificial intelligence processor uses an emerging approach dubbed at-memory computation to run machine learning algorithms.
The other lead investor in the round, which was announced this morning, is Tracker Capital. The Canada Pension Plan Investment Board and Radical Ventures participated as well.
Toronto-based Untether AI has developed a processor called the runAI200 that is optimized for AI inference. Inference is the term for running AI algorithms in production on live data after they exit the development and training phase. According to the startup, a single-server accelerator card with four runAI200 units can manage about 2 quadrillion operations per second while achieving “industry-leading” power efficiency.
The key to the runAI200 processor’s speed is a unique architecture that combines memory and computing elements in the same chip….