Japan’s SoftBank Group has acquired British artificial intelligence chipmaker Graphcore, putting an end to the uncertainty surrounding the company’s future. Valued at $2.77 billion by the end of last year, Graphcore has struggled to secure the necessary investment to compete in the AI chip market dominated by the likes of Nvidia. With SoftBank’s backing, Graphcore aims to level the playing field and expand its global reach. Nigel Toon, Graphcore’s CEO, expressed optimism about the deal and emphasized the significant resources it would provide. The acquisition marks a new chapter for Graphcore, positioning the company to enhance its technology and compete with industry giants.
SoftBank Acquires Graphcore in Major AI Chip Deal, Japan
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