English
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.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
|
||||||
Related News
- ARM CEO Simon Segars Joins SoftBank Group Board of Directors
- MosChip Technologies joins Renesas RZ Partner Ecosystem as AI/ML Design Partner
- X-Silicon Introduces the World's First Vulkan Driver Implementation for RISC-V, Enabling an entire Ecosystem of 3D Graphics, AI and Compute for Low-Power, Mobile, Edge and IOT Devices
- Tenstorrent Licenses Baya Systems' Fabric into next-generation AI and Compute Chiplet Solutions
- Alphawave Semi Unlocks 1.2 TBps Connectivity for High-Performance Compute and AI Infrastructure with 9.2 Gbps HBM3E Subsystem
Breaking News
- Frontgrade Gaisler Unveils GR716B, a New Standard in Space-Grade Microcontrollers
- Blueshift Memory launches BlueFive processor, accelerating computation by up to 50 times and saving up to 65% energy
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- Cadence Unveils Arm-Based System Chiplet
Most Popular
- Cadence Unveils Arm-Based System Chiplet
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- Esperanto Technologies and NEC Cooperate on Initiative to Advance Next Generation RISC-V Chips and Software Solutions for HPC
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
- Arteris Selected by GigaDevice for Development in Next-Generation Automotive SoC With Enhanced FuSa Standards