SoftBank in talks to buy AI chipmaker Graphcore, Bloomberg reports


FILE PHOTO: Graphcore logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration

(Reuters) - Japan's SoftBank Group is in talks to buy artificial intelligence (AI) chipmaker Graphcore, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The months-long negotiations between the two companies recently reached a more advanced stage but financial terms of the deal haven't yet been decided, the report said, adding that talks could still collapse.

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