A startup who is mainly focusing on growth of Artificial intelligence by utilizing its parallel data flow architecture, named Wave Computing is going to announce that they acquire MIPS Technologies.
This acquisition will give power to Wave Computing for the expansion of Artificial intelligence training in data but also the Artificial intelligence inference for implanted systems.
Derek Meyer the CEO of Wave Computing said: “Our planning is always to push our data flow fabric out of the line”. This collaboration will give a golden chance to Wave Computing for mix its data flow technology to MIPS’s RISC processors.
An artificial intelligence startup having only 100 employees and acquiring a company of equal size and number of employees with no fame and history of success in the field of technology house- is a daring step. Many industry experts call this step of Wave Computing a ‘bold’ step and this step will surely increase Artificial intelligence customers in market. “This step for a small startup is really daring to acquire a same size of company before its first product is out” said Karl Freund, lead analyst in HPC and “Risky but what the outcome is going to be, us interesting,” said Deep Learning at Moor Insights and Strategy.
MIPS is not just any old company, although it lost all the position in the market of IP core processor, MIPS systems have their supporters and fans. The reason why MIPS still have their supporters are Mobileye, Microchip, Media Tek.
Kevin Krewell the head analyst at Tirias Research said that Wave Computing and MIPS both are partially undertaken by Dado Banatao managing partner of Tallwood Venture Capital MIPS DNA are already there in Wave Computing starting along with Meyer MIPS vice president of sales and marketing. Mike Uhler the vice president of operations at Wave Computing was MIPS’s CTO and Darren Jones former head of engineering is presently Wave Computing’s vice president of engineering. Paul Alpern used to work in MIPS as lead commercial counsel and now posted as general counsel in Wave Computing.
There are many CPU buyers are shopping artificial intelligence startups “so there is a change in role” observed by Krewell, where AI startup is buying CPU company and hence the role is reversed.
“Artificial intelligence is going to change a whole computer function, a new learning process,” said Krewell “MIPS need to change there roadmap”.
