Graphcore, a U.K.-based designer of AI processors, is scaling down its workforce and ceasing its sales in China due to the latest U.S. export restrictions to the People's Republic. This adds to a growing list of challenges for the company as it struggles to compete with bigger players, such as Nvidia, Intel, and AMD, in the emerging AI market.
"Regrettably, this means we will be significantly scaling back business operations in China," a Graphcore spokesperson told Bloomberg in an email.
