Bristol-based Graphcore ranked number one on Fast Company’s top 10 most innovative AI companies of 2020 list. Nvidia, for comparison, ranked fifth.

Fast Company’s confidence in Graphcore clearly isn’t misplaced. Announcing its GC200 processor, Graphcore says its new chip is the world’s most complex.

The GC200 processor boasts 59.4 billion transistors and takes the crown from Nvidia’s A100 as the world’s largest. The A100 was announced by Nvidia earlier this year and features 54 billion transistors.

Each GC200 chip has 1,472 independent processor cores and 8,832 separate parallel threads, all supported by 900MB of in-processor RAM.

Graphcore says that up to 64,000 of the 7nm GC200 chips can be linked to create a massive parallel processor with around 16 exaflops of computational power and petabytes of power. Such a system would be able to support AI models with trillions of parameters.

“We are impressed with Graphcore’s technology for energy-efficient construction and execution of large, next-generation ML models, and we expect significant performance gains for several of our AI-oriented research projects in medical imaging and cardiac simulations,” comments Are Magnus Bruaset, Research Director at Simula Research Laboratory.

“We are also pursuing other avenues of research that can push the envelope for Graphcore’s multi-IPU systems, such as how to efficiently conduct large-scale, sparse linear algebra operations commonly found in physics-based HPC workloads.”

The GC200 is just the second chip to be launched by Graphcore. Compared to the first generation, the GC200 delivers an up to 9.3x performance increase.

Graphcore’s founders believe the IPU approach that the company is taking is more efficient than Nvidia’s GPU route. The ability to scale up to thousands of IPU processors in existing compute infrastructures could mean that the cost could be 10-20x lower than using GPUs.

Back in February, Graphcore announced that it had raised $150 million in funding for its R&D. The company’s total valuation is $1.95 billion.

Graphcore was fortunate to have secured its cash before the COVID-19 pandemic really hit – with many startups reporting difficulties obtaining vital funding where there was previous interest. Undoubtedly, the GC200 will help to power research to get us through this pandemic and all the other challenges the world faces now and in the future.

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Speaking during the company’s Innovation Summit in Santa Clara, Intel Executive VP Navin Shenoy revealed a new focus on AI development.

The company’s AI-focused Xeon processors generated $1 billion in revenues during 2017. By 2022, it expects to be generating around $10 billion per year.

AI is set to be implemented in many areas of our lives in the coming years, across a variety of devices.

Shenoy claims recent breakthroughs have increased the company’s AI performance by 200x since 2014. He teases further improvements are on their way in upcoming releases.

The company will be launching its ‘Cascade Lake’ Xeon processor later this year with 11 times better performance for AI image recognition.

Arriving in 2019 will be ‘Cooper Lake’ which uses 14-nanometer manufacturing and will feature even better performance. In 2020, however, the company is targeting ‘Ice Lake’ with 10-nanometer manufacturing technology.

“After 50 years, this is the biggest opportunity for the company,” says Shenoy. “We have 20 percent of this market today.”

The admission it currently has a small share of the market today is bold and shows the company is confident about significantly upping that percentage in the coming years. It faces significant competition from Nvidia in particular.

Intel’s revenues were around a third data-centric five years ago. Now, it’s around half of Intel’s business.

Shenoy’s comments today show how seriously Intel is taking its AI business and the firm’s confidence it will be a major player.

What are your thoughts on Intel’s AI business?

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