Chinese AI chipmaker Horizon endeavours to raise $700M to rival NVIDIA

AI chipmaker Horizon Robotics is seeking to raise $700 million in a new funding round.

Horizon is often seen as potentially becoming China’s equivalent of NVIDIA. The company is founded by Dr Kai Yu, a prominent industry figure with quite the credentials.

Yu led Baidu’s AI Research lab for three years, founded the Baidu Institute of Deep Learning, and launched the company’s autonomous driving business unit.

Furthermore, Yu has taught at Stanford...

22 December 2020 | China

Researchers achieve 94% power reduction for on-device AI tasks

Researchers from Applied Brain Research (ABR) have achieved significantly reduced power consumption for a range of AI-powered devices.

ABR designed a new neural network called the Legendre Memory Unit (LMU). With LMU, on-device AI tasks – such as those on speech-enabled devices like wearables, smartphones, and smart speakers – can take up to 94 percent less power.

The reduction in power consumption achieved through LMU will be particularly beneficial to smaller...

17 September 2020 | Neural Network