British startup Graphcore is valued at $2.8 billion, challenging Nvidia

Graphcore, a British startup based in Bristol, is known for its specially designed artificial intelligence (AI) chips and has been valued at $2.8 billion. The company is committed to challenging Nvidia, which dominates the AI ​​chip field. However, despite its remarkable technological achievements, Graphcore has encountered difficulties in sales growth and expansion in the Chinese mainland market and withdrew from the Chinese market in 2023, laying off most of its employees.