Denglin Technology, a Shanghai-based computing GPU developer founded in 2017, recently secured funding from the China Internet Investment Fund, a venture launched by China’s National Cyberspace Administration and Ministry of Finance. The funding will reportedly accelerate the research and development of Denglin’s full range of products and accelerate the mass production and commercialization of its next-generation Goldwasser GPUs. The study of John Pedy.
Denglin’s product line, including its flagship Goldwasser, is primarily designed for artificial intelligence applications. Meanwhile, the company previously said the GPU could also be used for gaming. The company claims that Goldwasser is the first Chinese enterprise GPU to successfully run large-scale commercial applications.
According to JPR, one of the Goldwasser GPU’s features is Denglin’s GPU+ architecture, which enables software-defined on-chip heterogeneous computing techniques. Most interestingly, Goldwasser is said to be compatible with the company’s own programming models such as “CUDA/OpenCL,” says the report. Therefore, the money from the government will be used for the development of Nvidia’s CUDA rival. Of course, it remains to be seen if Denglin will build something competitive enough to end his Nvidia dominance in the AI GPU market, but it certainly has such ambitions.
Denglin Technology’s founders, Li Jianwen and Wang Ping, are graduates of Tsinghua University, and Vice President of Global Operations, Yang Jian, previously held similar positions in Huawei’s global supply chain. Denglin has extensive experience in GPU R&D and commercialization, and he operates seven R&D centers in various cities, including Silicon Valley, Chengdu, and Hangzhou. According to JPR, the company is one of 13 GPU developers in China.
According to data from Verified Market Research (India) cited by JPR, the global GPU market is worth $33.47 billion in 2021 and is projected to reach $477.37 billion by 2030. The average annual growth rate from 2021 to 2030 will be 34.4%. This increase is primarily driven by increased demand from professional software users, gamers, and esports fans. Meanwhile, AI is already making a significant contribution to this market.
