Japan's SoftBank acquires UK AI chipmaker Graphcore, ending speculation on the company's future.

Japan's SoftBank Group has acquired UK AI chipmaker Graphcore, marking the end of long-running speculation over the company's future. The terms of the deal have not been disclosed. Graphcore, once considered a potential rival to Nvidia, has struggled to secure the investment needed to compete. The acquisition by SoftBank will provide Graphcore with the resources needed to compete at a global level, according to Graphcore co-founder and CEO Nigel Toon.