The KiloCore can perform many tasks at once while using only a tiny amount of power.
You aren’t about to see mass production of this chip. The university had IBM manufacture the chip on a relatively ancient 32-nanometer process when the industry’s newest processors are usually made using a smaller, more efficient 14nm technique. However, it raises the possibility of many-core processors finding their way into many mobile devices. They’re not universally helpful (many tasks are better-served by a few very fast cores), but they could save a lot of time when your laptop or phone would otherwise churn slowly.
As with most computer science research projects, you shouldn’t be looking for a KiloCore to come to a device near you any time soon. But it’s an interesting look inside the future of computing.