BMW i Ventures has announced a strategic investment in Graphcore, a company developing a new kind of computer processor and software specifically designed for machine intelligence.
Since the company’s founding only two years ago, Graphcore has helped innovators create next-generation machine intelligence solutions. Graphcore’s Intelligence Processing Unit (IPU) is the first processor to be designed specifically for Machine Intelligence and delivers higher speeds compared to conventional hardware.
“The versatility of Graphcore’s IPU – which supports multiple machine learning techniques with high efficiency – is well-suited for a wide variety of applications from intelligent voice assistants to self-driving vehicles,” said Tobias Jahn, Principal at BMW i Ventures.
“With the flexibility to use the same processor in both a data center and a vehicle, Graphcore’s IPU also presents the possibility of reductions in development times and complexity.”
The investment from BMW i Ventures is a further step towards fulfilling the company’s ambition to build a global technology company, focused on this new and fast-growing machine intelligence market.
Through its previous investments in the fields of e-mobility, navigation, parking, car sharing and intermodality, BMW i Ventures has already entered into strategic partnerships with innovative providers such as Scoop, Zirx, RiceCell, Chargepoint, Life360, Moovit, JustPark, DSP Concepts, Chargemaster, Zendrive, Rever Moto, STRIVR, Desktop Metal, BUS.com, Proterra, Xometry, Caroobi, GaN Systems, Shift, May Mobility, Blackmore Sensors and Analytics, Vera, Mapillary and Claroty.