Graphcore, a Bristol, England, UK-based AI computing firm, has been acquired by SoftBank Group Corp.
The quantity of the deal was not disclosed. Underneath the deal, Graphcore turns into an entirely owned subsidiary of SoftBank and can proceed to function beneath the Graphcore identify.
Led by co-founder and CEO Nigel Toon, Graphcore has created a brand new processor, the Intelligence Processing Unit (IPU), particularly designed for synthetic intelligence. The IPU’s structure means builders can run present machine studying fashions orders of magnitude quicker. Extra importantly, it lets AI researchers undertake totally new sorts of work, not doable utilizing present applied sciences, to drive the subsequent nice breakthroughs on the whole machine intelligence.
Graphcore will proceed to put money into the creation of high-skilled jobs spanning a variety of disciplines.
The corporate’s headquarters stay in Bristol, with workplaces in Cambridge, London, Gdansk and Hsinchu.
FinSMEs
12/07/2024
