Briefing: Bitcoin mining equipment producer Bitmain releases new AI chip

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“矿机”起家比特大陆再发AI终端芯片 聚焦安防 – Tencent Tech

What happened: On October 17, crypto mining equipment producer Bitmain released AI chip BM1880. New hardware models including a smart server and a 3D facial recognition terminal were also launched. Prior to the launch, in the first quarter of 2018, Bitmain released smart chip BM1682. After the launch of BM1880, Bitmain will bring on new chip series CM1684 by the end of this year. The company expects its chips to show high performance in security, cloud computing, and infrastructure management.

Why it’s important: The world’s leading mining equipment producer is joining the chip game to diversify revenue portfolios, amid tightening domestic regulation and crypto price fluctuations. With good calculation power and rich experience in mining and security use cases, Bitmain’s chip will bring a competitive power to the industry. BM1880’s launch may encourage more crypto businesses to transfer their core technology to mainstream tech sectors for greater application cases and profitability opportunities.