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SoftBank acquires UK AI chipmaker Graphcore


U.K. chip company Graphcore has been formally acquired by Japan's SoftBank; terms of the deal were not disclosed.

While the figure of $500 million has been bandied around in various reports for months, in a press briefing early Thursday morning, Graphcore co-founder and CEO Nigel Toon remained coy on the details. Astra CEO Chris Kemp is already pulling out of a parking spot when he warns the person in the passenger seat that he doesn’t have a valid driver’s license. Reliance Industries, India’s most valuable company, may consider spinning off its telecom arm Jio for a public listing as early as 2025, Jefferies said in a research note, with investors…

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