SoftBank is reported to have injected more than $450 million into Graphcore, a U.K.-based company developing AI chips and related systems. Multiple reports describe the funding as part of SoftBank’s continued backing of Graphcore after its earlier acquisition of the company. SoftBank acquired Graphcore in 2024, and the new investment is presented as a further commitment to the British firm’s efforts in AI chip development. The reporting indicates the investment amount is roughly $450 million, though exact figures and terms may vary by source. Graphcore focuses on designing AI processors and accompanying infrastructure to support machine-learning workloads. With SoftBank’s additional funding, Graphcore is positioned to continue development and commercialization plans that follow the 2024 acquisition. Sources agree on the companies involved, the broad nature of Graphcore’s business, and the approximate size of the investment, while specific details such as the structure of the deal and how the capital will be allocated are not fully elaborated in the provided excerpts.
SoftBank invests $450 million in U.K. AI chipmaker Graphcore
SoftBank is reported to have injected more than $450 million into Graphcore, a U.K.-based company developing AI chips and related systems. Multiple reports describe the funding as part of SoftBank’s c...
- SoftBank is reported to inject about $450 million into Graphcore.
- Graphcore is a U.K.-based company that develops AI chips and AI systems.
- SoftBank acquired Graphcore in 2024.
- The new funding is described as part of SoftBank’s continued support after the acquisition.
U.K.-based Graphcore is developing AI chips and systems and was acquired by the Japanese giant in 2024.
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