SoftBank acquires British AI chipmaker Graphcore

The deal provides Graphcore with resources to scale its operations

clock • 3 min read
SoftBank acquires British AI chipmaker Graphcore
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SoftBank acquires British AI chipmaker Graphcore

Japanese tech giant SoftBank Group has acquired Graphcore, a British AI chip developer, in a move designed to accelerate SoftBank's dominance in the booming AI industry.

Rumours of the deal had been swirling for months, but both companies remained tight-lipped until now. Financial terms of the deal were not disclosed, but the Financial Times reported a purchase ...

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