SoftBank Acquires AI Chip Company Graphcore
by staff from High-Performance Computing News Analysis | insideHPC on (#6P622)
July 12, 2024 - Graphcore has confirmed that the Japan-based SoftBank investment firm has acquired the specialty AI chip company. Terms were not disclosed, but news reports estimate the acquisition at roughly $600 million. Graphcore has struggled in recent years, according to a Reuters report, the company was valued at $2.8 billion in 2020, but [...]
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