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Quilter plc (QLT.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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98.20-0.80 (-0.81%)
At close: 04:35PM BST
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  • Reuters

    Quilter raises $10 million for AI-powered circuit board design, led by Benchmark

    Circuit board design startup Quilter announced on Tuesday it raised $10 million, saying it would use artificial intelligence to reduce the time to design components that power electronics in rockets, computers, smartphones and other devices. The Los Angeles-based company's software uses a form of artificial intelligence similar to what Google employed to defeat a Chinese grand master at the ancient game of Go. Quilter's technology becomes better at building circuit boards over time and the company plans to completely automate the process.