What is a neuromorphic chip?

A neuromorphic computer is a machine comprising many simple processors / memory structures (e.g. neurons and synapses) communicating using simple messages (e.g. spikes). ... Neuromorphic computing systems excel at computing complex dynamics using a small set of computational primitives (neurons, synapses, spikes).

Explanation:

The structure of neuromorphic computers makes them much more efficient at training and running neural networks. They can run AI models at a faster speed than equivalent CPUs and GPUs while consuming less power. This is important since power consumption is already one of AI's essential challenges.