Microsoft's venture capital fund, M12 Ventures has led a slew of strategic corporate investors backing a new chip developer out of Southern California called Syntiant, which makes semiconductors for voice recognition and speech-based applications. "We started out to build a new type of processor for machine learning, and voice is our first application," says Syntiant chief executive Kurt Busch. "We decided to build a chip for alwyas-on battery powered devices." Traditional compute is about logic, and deep learning is about memory access, traditional microchip designs also don't perform as well when it comes to parallel processing of information.
Microsoft and TikTok could prove to be each other's perfect match.
Zoom Video Communications (NASDAQ: ZM) was one of the hottest growth stocks of the year, rallying over 270% as the COVID-19 crisis brought millions of new users to its video collaboration platform. Zoom easily outpaced Microsoft's 30% gain this year, and it likely remains a more appealing stock for growth-oriented investors. Zoom has a market cap of more than $70 billion, but it's dwarfed by Microsoft's valuation of over $1.5 trillion.