Deal for undisclosed sum secures Bristol-based company’s future after ‘material uncertainty’ in 2023
Graphcore, a British chipmaker once seen as a potential competitor to Nvidia, has been bought by Japan’s SoftBank, in a deal that secures the company’s future.
The Bristol-based startup’s products are focused on artificial intelligence (AI) and it has been acquired by the powerful Japanese tech investor for an undisclosed sum. Last year, Graphcore warned that there was a “material uncertainty” over its survival and that it needed fresh funding by May 2024.
Continue reading…Deal for undisclosed sum secures Bristol-based company’s future after ‘material uncertainty’ in 2023Graphcore, a British chipmaker once seen as a potential competitor to Nvidia, has been bought by Japan’s SoftBank, in a deal that secures the company’s future.The Bristol-based startup’s products are focused on artificial intelligence (AI) and it has been acquired by the powerful Japanese tech investor for an undisclosed sum. Last year, Graphcore warned that there was a “material uncertainty” over its survival and that it needed fresh funding by May 2024. Continue reading…