Reduced precision computation is a key enabling factor for energy-efficient acceleration of deep learning (DL) applications. This article presents a 7-nm four-core mixed-precision artificial intelligence (AI) chip that supports four compute precisions - FP16, Hybrid-FP8 (HFP8), INT4, and INT2 - to support diverse application demands for training and inference. The chip leverages cutting-edge algorithmic advances to demonstrate leading-edge power efficiency for 8-bit floating-point (FP8) training and INT4 inference without model accuracy degradation. A new HFP8 format combined with separation of the floating- and fixed-point pipelines and aggressive circuit/architecture optimization enables performance improvements while maintaining high compute utilization. A high-bandwidth ring protocol enables efficient data communication, while power management using workload-aware clock throttling maximizes performance within a given power budget. The AI chip demonstrates 3.58-TFLOPS/W peak energy efficiency and 26.2-TFLOPS peak performance for HFP8 iso-accuracy training, and 16.9-TOPS/W peak energy efficiency and 104.9-TOPS peak performance for INT4 iso-accuracy inference.