Telco Insights: Softbank Acquires AI Specialist, Graphcore to Capitalise on Growth of General AI
In July 2024, Softbank Group announced the acquisition of Graphcore, a UK-based AI specialist company. The acquisition's financial terms are undisclosed, and Graphcore will continue to operate as a wholly owned subsidiary of Softbank. Graphcore specialises in developing advanced hardware and software solutions for AI and ML (machine learning).
Table 1: Graphcore Key Funding Rounds (October 2016–present)
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