SoftBank acquires British AI chipmaker Graphcore
AI News
JULY 12, 2024
SoftBank has announced its acquisition of Graphcore , a leading British AI chipmaker. The deal will see Graphcore becoming a wholly-owned subsidiary of SoftBank. This acquisition, reportedly valued at about $600 million, is not SoftBank’s first foray into the UK tech scene. In 2016, SoftBank controversially acquired British chip designer Arm in a much larger deal.
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