I've seen this story play out again and again. Some upstart thinks they can do a better job than the mainstream guys. However, they're woefully optimistic about how long it will take. By the time they finally get a chip taped out and debugged, the broader computing market has at least caught up to them, and usually even passed them by.
These guys started out with a more ambitious microarchitecture, but watered it down to better adapt it to handle general-purpose "cloud" compute loads. IIRC, what they ended up with doesn't strike me as all that different from anything else on the market, except for their integrated tensor product units. Unfortunately, it still has a proprietary ISA, which was a really bad move. I doubt it has much benefit over RISC-V, if any, yet it requires custom tooling and lots of software porting to get an ecosystem up and running on it.
If they're lucky, they'll get enough government contracts to string them along, but I doubt they'll ever get a product to market while it's truly compelling.