https://www.bloomberg.com/news/articles/2019-06-05/graphcore-s-ai...

https://www.bloomberg.com/news/articles/2019-06-05/graphcore-s-ai-chips-could-kickstart-the-next-wave-of-computing
Put another way, Graphcore is developing a brain for computers that, if its co-founders are right, will be able to process information more like a human instead of faking it through massive feats of number crunching.

Over three years, they simulated computer tests on hundreds of chip layouts, eventually settling on a design with 1,216 processor cores, which Knowles refers to as “lots of tiny islands of processors that split up energy resources.” The resulting IPU, first manufactured in 2018, is a sleek chip the size of a Wheat Thin that has almost 24 billion transistors and is able to access data for a fraction of the power of a GPU. “Each of these chips runs at 120 watts”—about the same as a bright incandescent lightbulb—

https://www.telegraph.co.uk/technology/2019/06/16/bristols-graphcore-burns-60m-tries-bring-ai-chips-market/
Bristol's Graphcore burns through $60m as it tries to bring AI chips to market It burnt through $60m in 2018, losing $52m after tax. The start-up reported revenues of $1.1m.