MIPS got acquired by AI startup Wave Computing

Posted on Sunday, June 17 2018 @ 20:25 CEST by Thomas De Maesschalck
News is spreading that after being for sale for roughly a year, venture capitalist Tallwood has finally found a buyer for MIPS. The company will be sold to Wave Computing, an AI startup that will use MIPS' technology to expand its AI offerings.
For their part, Wave Computing has stated that they intend to use MIPS technology to expand their machine learning product portfolio. Specifically, the company is looking to branch out from datacenter ML training to ML inference in edge devices, where MIPS’ existing products and their own work into inference products would be a natural counterpart to Wave Computing’s existing technology. Ultimately this would allow Wave Computing to offer a singular top-to-bottom machine learning product portfolio, with common technology ranging from datacenter training to the actual use of machine learning in edge and other end-user devices, giving them a leg up over vendors who can only supply one or the other.
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About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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