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SoftBank Group Corp. has acquired Graphcore Ltd., a U.K.-based AI chip developer, in a move to strengthen its position in the AI industry. Graphcore, known for its intelligence processing units, aims to compete with Nvidia Corp. in the AI processing market. The acquisition will help SoftBank accelerate its multibillion-dollar push into AI, aligning with its focus on emerging technologies.
Graphcore, founded in 2016, has received significant investments totaling almost $700 million through funding rounds. The company's Bow IPU processors, capable of managing 350 trillion processing operations per second, are part of its computing system, the Bow-2000 IPU Machine. Despite facing financial challenges, Graphcore's acquisition by SoftBank is seen as a strategic move to scale operations and challenge industry leaders like Nvidia, AMD, and Intel. SoftBank's investment in Graphcore reflects its commitment to becoming a leader in the AI sector.
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