So check this out, there’s this chipmaking startup called Graphcore, right? And get this, they used to have Microsoft as one of their customers, man. But here’s the thing, unless they get some serious cash flow in the next few months, they might be in some deep trouble, bro. Their latest accounts are showing that they could really be struggling, you know?
Now, you’d think that with the AI industry blowing up, these guys would be swimming in success. But unfortunately, they haven’t been able to capitalize on it. They were once considered a major player, like on par with the big boys like Nvidia and AMD, man. They were even valued at a whopping $2.5 billion back in 2020 after a round of funding, crazy, right? But now, their revenues have taken a hit due to lower sales from their key strategic customers, according to Sifted. It’s just not looking good for them.
And get this, they had this deal with Microsoft, who’s also an investor in Graphcore. But that fell through when Microsoft decided not to use their chips in their cloud computing systems, man. That’s a major blow, right?
But here’s a crazy thought, could OpenAI swoop in and save Graphcore? I mean, shake up the whole market, dude?
According to the Financial Times, Graphcore has less than a year to raise some serious capital if they wanna keep their business afloat. So right now, they’re in talks with potential investors, trying to secure another funding round. They’re desperate, man.
And here’s where things get really interesting, bro. OpenAI, they’re considering making their own AI chips, you know? Like they don’t wanna rely on Nvidia’s A100 GPUs anymore to power their generative AI platforms, like ChatGPT, man. They wanna do their own thing, you feel me?
They’ve even been looking at potential acquisition targets, man. Reuters reported it, bro. They’re exploring their options, but they haven’t made a final decision yet. The thing is, there’s a shortage of chips that can handle AI workloads and LLMs, you know? Like there’s a demand, but not enough supply to go around.
So OpenAI, this Silicon Valley giant worth a cool $100 million, they’re thinking about building their own chip. They’re working with companies like Nvidia, trying to diversify their supply beyond just one player in the market. Nvidia currently runs the show with an 80% market share, bro. It’s crazy, but there might be some challengers on the horizon, some innovative solutions in the works. Exciting times, man.
But wait, here’s a wild idea. If OpenAI decides to invest in a chipmaking company to secure their own supply or even break into the market, guess who might just fit the bill? Yep, you got it, Graphcore. I mean, it’s not a sure thing, but maybe OpenAI could make an early investment as a stepping stone to a bigger partnership. Who knows, man?