SoftBank is reportedly in advanced talks to acquire AI chipmaker Graphcore, previously valued at $2.8bn.

Japanese conglomerate SoftBank is reportedly in advanced talks to acquire AI chipmaker Graphcore, which was previously valued at $2.8bn. The two companies have held discussions over several months, with financial terms yet to be determined. Graphcore, based in the UK, had previously stated it needed to raise funds to break even amidst Nvidia's dominance in AI. The talks could still fall through.

May 08, 2024
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