Funding
Snowcap Compute raises $23 million for superconducting AI chips
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Snowcap Compute, a startup working on building artificial intelligence computing chips using superconducting technology, on Monday raised $23 million and said that the former CEO of Intel will join its board.
Snowcap aims to build computers that could one day beat today’s best artificial intelligence systems, while using a fraction of the electricity. To do that, Snowcap plans to use a new kind of chip made with superconductors, which are materials that allow current to flow without electrical resistance.
Scientists understand superconductors well…
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