tech
SoftBank has injected $450 million into this British AI chip company
U.K.-based Graphcore is developing AI chips and systems and was acquired by the Japanese giant in 2024.
TL;DR
- SoftBank injected $457 million into AI chip company Graphcore, acquired in 2024.
- The investment is part of SoftBank's strategy in AI infrastructure and hardware.
- Graphcore will collaborate with SoftBank on developing artificial general intelligence (AGI).
- This funding is a portion of expected investment from SoftBank this year.
- SoftBank has significantly invested in AI, including OpenAI and infrastructure projects like Stargate.
- Graphcore is set to establish a new AI campus in Bengaluru, India, with a £1 billion investment.
- SoftBank previously acquired Arm and Ampere Computing, further expanding its semiconductor footprint.