SoftBank acquires struggling UK-based chipmaker Graphcore with US and UK approvals; sources: the deal is valued at $600M+ but below Graphcore's ~$700M funding
Deal will give Bristol-based company a resource boost while advancing the ‘next big bet’ of Masayoshi Son's group
Sources: SoftBank is in advanced talks to acquire Graphcore, a struggling UK-based chip startup once valued at $2.8B that reported just $2.7M in 2022 revenue
Bloomberg :
Graphcore lays off most of its staff in China and discontinues sales in the country, citing US export rules; China made up 20% to 25% of Graphcore's business
After raising $730M, UK chip startup Graphcore reported just ~$5M in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips
Nvidia is riding the AI wave to absurd heights. Its UK rival: not so much. But first... If your company sells components designed …
A look at the evolution of AI chips and where they are headed, as companies like Google, Amazon, Graphcore, and Cerebras look to challenge Nvidia's dominance
NVIDIA's GPUs dominate AI chips. But a raft of startups say new architecture is needed for the fast-evolving AI field Tweets: @jbonne5 , @cerebrassystems , @wireduk , @vickiturk , and @sub8u Tweets: ...
Profile of UK-based Graphcore, which makes “Intelligence Processing Units”, AI chips designed to be better at guesswork and have high energy efficiency
Austin Carr / Bloomberg : Tweets: @atomico , @graphcoreai , and @austincarr Tweets: @atomico : ‘Unlike the number-crunching alternatives, British startup @Graphcoreai has developed a brain for comput...
UK-based Graphcore, which makes machine learning chips, raises $200M from investors including Atomico, Sofina, BMW, and Microsoft, valuing the company at $1.5B
force for good or force for evil? Natasha Lomas / TechCrunch : AI chip startup Graphcore closes $200M Series D, adds BMW and Microsoft as strategic investors Giles Turner / Bloomberg : AI Startup Grap...
UK-based Graphcore, maker of machine learning chips, has raised $50M from Sequoia Capital
UK chipmaker Graphcore has raised $50m from Sequoia Capital, one of Silicon Valley's top venture capital firms, as the start-up angles to become Britain's biggest maker of artificial intelligence hard...