FILE PHOTO: Graphcore logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
LONDON (Reuters) - Japan's SoftBank Group has bought artificial intelligence chipmaker Graphcore for an undisclosed sum, ending long-running speculation over the company's future.
Once touted as a rival to Nvidia, which has seen its own valuation skyrocket thanks to soaring demand for AI computer chips, Britain's Graphcore has struggled to secure the investment needed to compete.
