SoftBank has funnelled $457 million into AI chip company Graphcore, which it acquired in 2024, Graphcore confirmed to CNBC.

Softbank (SFTBY) has injected more than $450M into a chip company, CNBC has learned, as the Japanese investment giant looks ...

Major AI hardware bet: SoftBank injected over $450M into Graphcore to strengthen its AI chip development and infrastructure ambitions. Strategic expansion: The investment supports Graphcore's AI chip ...

Graphcore raises $450M from SoftBank to expand AI chip development and strengthen its position in the AI hardware market.

British investors are pessimistic about the prospects of Graphcore, once billed as a rival to Nvidia. The firm, which makes AI chips, reported surging losses, layoffs, and office closures. Industry ...

Once seen as a viable competitor to Nvidia, Graphcore’s business suffered in 2022 from deteriorating macroeconomic conditions that slowed down sales of systems outfitted with its IPUs, and now it’s ...

Nvidia's artificial intelligence chipmaking rival Graphcore has reportedly been acquired by Japanese giant Softbank for an undisclosed amount. Sources imply that Graphcore was bought for considerably ...

There is a lot riding on the use of artificial intelligence technology to help us take giant leaps ahead in solving complex challenges -- whether it's medical breakthroughs, building better ...

U.K. artificial intelligence chip startup Graphcore Ltd. is reportedly exploring a sale as it has struggled to compete with the likes of Nvidia Corp. in the booming AI chip market. The Telegraph ...

AI chip startup Graphcore wants to rival market leader Nvidia as the market booms. But the company reported a slowdown in sales of its AI hardware, hurting its bottom line in 2022. The startup said it ...