Mining Chip Producer Bitmain is Developing ASIC Chips for AI

Mining Chip Producer Bitmain is Developing ASIC Chips for AI

Mining
May 25, 2018 by Alexander Caruso
346
Bitmain, the largest cryptocurrency mining hardware producer in the world, is working on ASIC chips for AI applications, such as deep learning. ASIC chips developed for cryptocurrency mining are Bitmain’s core competency. Bernstein Research, a financial research firm, published a report in February which estimated Bitmain’s annual profits at about $3 billion, which rivals chip