SoftBank Group Corp secures significant stake in Graphcore, a pivotal event in AI chip industry
Friday, 12 July 2024, 08:36
SoftBank Group Corp acquires Graphcore
SoftBank Group Corp's recent acquisition of Graphcore, a prominent AI chipmaker, has sent ripples through the tech industry.
A missed opportunity for Graphcore
The Bristol-based firm, previously valued at £2bn, missed the chance to leverage the AI boom, ultimately leading to its acquisition.
Emphasis on industry consolidation
This acquisition highlights the trend of industry consolidation as major players like SoftBank assert dominance in the AI chip manufacturing sector.
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