SoftBank Group has acquired Graphcore, an AI processor designer from the U.K., for an undisclosed amount. Graphcore, which has been looking for a buyer for a while, has developed a unique architecture for AI processors but has failed to become competitive against Nvidia and other makers of off-the-shelf AI processors. The acquisition could be a part of Softbank's push into the AI processor venture, Project Izanagi, or something unrelated.
