Benzinga | Aug 23, 2021 11:54AM EDT

How Chip Developers Are Using AI To Make Chips More Efficient?

* Reuters reports that one of Synopsys Inc's (NASDAQ:SNPS) customers has resorted to artificial intelligence software to increase chip power efficiency by 26%.

* Synopsys has started weaving AI called DSO.ai into its flagship chip design suite.

* Samsung Electronics Co Ltd (OTC: SSNLF) and Renesas Electronics Corp (OTC: RNECF) (OTC: RNECY) have begun using the chip.

* The chip can work wonders amid the present global chip crisis by easing pressure on the chipmakers.

* Previously, Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) claimed to have developed AI software for faster computer chip designing than humans.

* Also, International Business Machines Corp (NYSE:IBM) just revealed the impending IBM Telum Processor developed in 7nm EUV technology node containing on-chip acceleration for AI inferencing while a transaction occurs.

* IBM's chip contains eight processor cores with a deep superscalar out-of-order instruction pipeline, running with over 5GHz clock frequency.

* The features render the processor ideal for financial services workloads like fraud detection, loan processing, clearing and settlement of trades, anti-money laundering, and risk analysis.

* Canaan Inc (NASDAQ:CAN) had also disclosed about its self-developed AI chip.

* Recently Baidu Inc (NASDAQ:BIDU) announced the mass production of its second-generation 7 nm AI chip Kunlun 2.

* Price Action: SNPS traded higher by 1.03% at $320.15 on the last check Monday.