Graphcore joins SoftBank Group to build next generation of AI compute
July 11, 2024 -- Graphcore today announced that the company has been acquired by SoftBank Group Corp. Under the deal, Graphcore becomes a wholly owned subsidiary of SoftBank and will continue to operate under the Graphcore name.
“This is a tremendous endorsement of our team and their ability to build truly transformative AI technologies at scale, as well as a great outcome for our company,” said Graphcore co-founder and CEO Nigel Toon. “Demand for AI compute is vast and continues to grow. There remains much to do to improve efficiency, resilience, and computational power to unlock the full potential of AI. In SoftBank, we have a partner that can enable the Graphcore team to redefine the landscape for AI technology.”
“Society is embracing the opportunities offered by foundation models, generative AI applications and new approaches to scientific discovery”, said Vikas J. Parekh, Managing Partner at SoftBank Investment Advisers. “Next generation semi-conductors and compute systems are essential in the AGI journey, we’re pleased to collaborate with Graphcore in this mission.”
Graphcore is recognised as a leading employer in the UK’s high tech economy and will continue to invest in the creation of high-skilled jobs spanning a range of disciplines.
The company’s headquarters remain in Bristol, with offices in Cambridge, London, Gdansk and Hsinchu.
To read the full article, click here
Related Semiconductor IP
- USB 4.0 V2 PHY - 4TX/2RX, TSMC N3P , North/South Poly Orientation
- FH-OFDM Modem
- NFC wireless interface supporting ISO14443 A and B with EEPROM on SMIC 180nm
- PQC CRYSTALS core for accelerating NIST FIPS 202 FIPS 203 and FIPS 204
- UCIe Controller baseline for Streaming Protocols for ASIL B Compliant, AEC-Q100 Grade 2
Related News
- Softbank reported to be in talks to buy Graphcore
- NVIDIA and SoftBank Group Announce Termination of NVIDIA's Acquisition of Arm Limited
- Recommended acquisition of ARM by SoftBank
- Why SoftBank Is Spending $32 Billion on ARM
Latest News
- Codasip Faces Sale – Pivotal Moment for EU RISC-V Sovereignty
- Synopsys Issues Statement in Connection to the Lifting of Recent U.S. Export Restrictions Related to China
- Consumer-Tech Brand, Nothing, Taps Ceva’s RealSpace Software to Bring Immersive Spatial Audio to Headphones and Earbuds
- Tenstorrent Acquires Blue Cheetah Analog Design
- Quintauris and WITTENSTEIN high integrity systems Partner to Advance Safety-Critical RISC-V Solutions for Automotive Applications