AI startup Recogni unveils new computing method to slash costs, power requirements

FILE PHOTO: Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - AI chip and software startup Recogni unveiled a novel computing method on Tuesday that could make its chips used to train and run artificial intelligence systems smaller, faster and less expensive to operate.

Backed by BMW, Bosch and venture capital firm Mayfield, Recogni develops specialized chips and software to enable AI inferencing - the process of trained AI models making predictions or decisions on new, unseen data.