SoftBank snaps up troubled British AI chip developer Graphcore

Japanese tech group SoftBank has acquired yet another British chip player. This time it has snapped up Bristol-based AI processor developer Graphcore, whose very survival was in doubt over the past year.  The acquisition comes as investors compete to back the next big thing in AI. Moreover, larger tech companies who feel that their own in-house AI capabilities are falling short have been searching high and low for acquisitions that can mitigate these inadequacies and give them a leg up on the competition. And it would seem they are increasingly looking to Europe for potential targets.  Just this week, the…

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