Chip designer mimicking brain, backed by Sam Altman, gets $25 mln funding
Summary
Sam Altman, President of Y Combinator, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 18, 2017. REUTERS/Lucy Nicholson Feb 2 (Reuters) - Rain Neuromorphics Inc., a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, said on Wednesday it raised $25 million. Gordon Wilson, CEO and co-founder of Rain, said that while most AI chips on the market today are digital, his companys technology is analogue. Sam Altman, a well-known investor and AI researcher in Silicon Valley who is an early backer of Rain, told Reuters by e-mail that the companys "neuromorphic approach could vastly reduce the costs of creating powerful AI models and will hopefully one day help to enable true artificial general intelligence." The funds raised will be used to expand the engineering team as Rain takes its prototype chip to the next stage of development, said Wilson.
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