AI chip startup Graphcore raises $50 million to battle Nvidia and Intel

With a focus on chips and artificial intelligence, U.K.-based Graphcore can now be considered one of Europe’s hottest startups.
Today, the company announced it has raised a $50 million round of funding led by Silicon Valley’s Sequoia Capital, a firm not known for investing much in Europe. This follows the $60 million that Graphcore had already raised over the last 18 months.
In a blog post, Graphcore cofounder Nigel Toon wrote that the company’s partnership with Sequoia is an i