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Business · TMT
Huawei enters AI race with two new microchips
2018/10/10 07:14:58
China's Financial News, China News, Huawei, Microchip

Oct 10, 2018 (China Knowledge) - Huawei Technologies has unveiled two new artificial intelligence (AI) microchips targeted to bring a wider application for AI technologies. These chips which are aimed towards data centers and smart devices will be available on the market from the second quarter of next year.

The first chip called the Ascend 910 is made for use in data centers which the company says has the “greatest computing density in a single chip”. Huawei claims that the chip will be able to process data faster than its competitors and has the ability to train networks within minutes.

Huawei, which has already entered the cloud services industry, hopes to be able to drive further growth of its business by offering both software and hardware. Huawei’s cloud services accounted for 9% of the company’s revenue in 2017, growing by 35% year-on-year.

The second chip called the Ascend 310 targets the smart internet-connected devices related to the Internet of Things (IoT) industry. Huawei says that Ascend will make AI technology more accessible and bring it to all walks of life.

Huawei is betting big on the AI industry which the company forecasts to have a market of 40 billion personal smart devices with more than 90% employing some form of AI technology by 2025. In addition, 86% of all companies are expected to utilize AI and big data technologies to solve their problems.

Currently, adoption of AI technologies still remains low with only 4% of companies making use of such technologies for problem solving. Furthermore, there is a shortage of qualified personnel in the AI industry.

Huawei will continue investing heavily in AI technologies and human resources to further develop and prepare itself to be a leader in the industry. In 2017, the company released its first AI chip the Kirin 970 and quickly introduced its successor this year the Kirin 980 which doubled the processing power for AI applications.

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