Closing the books on 2017, Cray announced one of the worst financial reports in recent memory, reporting a net loss of $133.8 million. It marks the first time since 2009 that the company went into the red and represents the second worst net loss in its history.
Google has announced a beta program to make its in-house Tensor Processing Units (TPUs) available to cloud customers, marking the first time a custom-built machine learning chip will be accessible to a wide array of users.
Chip startup Lightmatter has received an infusion of $11 million from investors to help bring the world’s first silicon photonics processor for AI to market. Using technology originally developed at MIT, the company is promising “orders of magnitude performance improvements over what’s feasible using existing technologies.”