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UK’s Mignon has a new proposal for AI on the brink

This story is syndicated from the premium edition of Preseed nowa newsletter that takes a closer look at the product, market and story of the founders of UK-based startups, helping you understand how they fit into what’s happening in the wider world and the startup ecosystem.

The newfound excitement surrounding AI’s potential as we storm into 2023 brings with it concerns about how best to process all the data needed to make it work. This is far from a new challenge, however, and next-generation AI chips are being developed in labs around the world to address the challenge in a variety of ways.

One of the first startups we ever covered at PreSeed Now takes a ‘neuromorphic’ approach, influenced by the human brain. Coming from a different direction, a brand new Newcastle University spin-out is mentioned Mignon (so new in fact that there is no website yet).

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Mignon has developed an artificial intelligence chipset that, according to CEO Xavier Parkhouse-Parkerhas “on the order of 10,000x performance improvements over alternative neural network-based chips for classification tasks”

Classification is essentially the process of figuring out what the AI ​​is looking at, hearing, reading, etc – the first step in understanding the world around it, regardless of its use. Mignon’s chipset is designed to be used in edge computing as a “classification coprocessor” on devices, rather than in the cloud.

In addition, Parkhouse-Parker says Mignon’s chipset can also train AI models on the edge, meaning the models can be optimized for the specific, individual environments in which they are used.