Oh great what does this futuristic chip do?

Instead, it was purpose built using a custom RISC architecture for DARPA's Hierarchical Identity Verify Exploit (HIVE) program. That US military initiative seeks to develop a graph analytics processor capable of churning through streaming data 100 times faster than conventional compute architectures, while also consuming less power.

Oh its for the military. Whats Graph Analytics?

Graph analytics deal with how data points connect with other data points in complex systems. The example Intel principal engineer Jason Howard pointed to in his Hot Chips presentation was social networks, which might run graph analytics workloads to understand connections among members.

So its a chip to analyse social networks at 1TB/s