British artificial intelligence (AI) chip firm Graphcore – once considered a potential rival to market leader Nvidia – has been bought by a Japanese conglomerate.
Softbank has not disclosed how much it paid – but it is thought to be considerably less than the £2bn the UK company was valued at after a financing round in 2020.
Graphcore head Nigel Toon told the BBC it was “a tremendous endorsement of our team”.
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